23 19th Ave - Apartments FOR SALE


Venice, CA 90291
$2,350,000 USD
213-866-9801
23 19th Ave, Venice, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

23 19th Ave
Venice, CA 90291


HIGHLIGHTS

  • 6 units in Venice on a "Walk Street"
  • Long term owner with below market rents
  • Copper plumbing
  • Earthquake retrofitted
  • Steps to the beach

OVERVIEW

Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 4 -Singles, 2 of them have a sun porch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 40 years) with below market rents. The building has copper plumbing. Two of the units (units 2 & 4) have been completely remodeled. Two other units (units 3 & 5) have been partially remodeled including hardwood floors. Master metered for electricity. Individually metered for gas. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $450/mo. for parking from 3 of the tenants. The building was earthquake retrofitted in 1994. You can't beat the location, close to the Venice Boardwalk, Santa Monica Pier and Muscle Beach.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$850 USD /SF

# OF UNITS

6

PRICE/UNIT

$391,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,648 SF

ZONING

LAR3

APN/PARCEL ID

4226-011-013

ASK ABOUT THIS PROPERTY

Michael SalernoLee & AssociatesMore Info
213-866-9801

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Michael SalernoLee & AssociatesMore Info
213-866-9801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.