23 19th Ave - Apartments FOR SALE


Venice, CA 90291
$1,995,000 USD
213-866-9801
23 19th Ave, Venice, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/13
null | 6.12% Cap Rate

23 19th Ave
Venice, CA 90291


HIGHLIGHTS

  • Located steps to the sand on a Walk Street
  • 6.12 CAP RATE
  • Copper plumbing, updated electrical panel and earthquake retrofitted
  • Close Venice Boardwalk, Santa Monica Pier and Muscle Beach

OVERVIEW

Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 2 -Singles, 2 Junior 1 bd + 1ba with a sun porch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 50 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. The electrical panel has been replaced. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $150/mo. for parking from units 1, 3 and 6. 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

$1,995,000 USD

PRICE/SF

$722 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

6.12%

% LEASED

100%

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

4

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.