2403 Louella Ave - Apartments FOR SALE


Venice, CA 90291
$2,795,000 USD
626-786-5869
2403 Louella Ave, Venice, CA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/17
null | 3.6% Cap Rate

2403 Louella Ave
Venice, CA 90291


HIGHLIGHTS

  • Venice West LA 5-Unit Apartment Complex along Venice Blvd with Added Value from Vacant Unit, Below Market Rents, and Leasing Garage
  • All Units have been Renovated
  • Ideal Location in the Heart of Silicon Beach’s “Tech Hub”
  • Less than a Mile Away from the Famous Venice Beach & Boardwalk and Close Proximity to other famous Surrounding Amenities including Abbot Kinney Blvd
  • 7 Miles from LAX
  • Down the Street from CA 10 and 405 Fwy

OVERVIEW

2403 Louella Ave is a prime West LA location located in the Venice Blvd Corridor.    The property is a 5-unit (four 1+1 and one 2+2), all recently renovated, apartment that is a value-add play through leasing out the vacant unit (Unit 1 - 1+1), below market rents, and leasing garage spaces.     Ideal location in the heart of Silicon Beach's "Tech Hub" with Close Proximity to Major Tech Employers such as Snap Inc., Google, System1, Headspace, and many more.  Less than a Mile Away from the Famous Venice Beach & Boardwalk and in Close Proximity to other well-known Surrounding Amenities and Locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier. CAP RATE is based on Proforma by leasing out vacant unit (Unit 1 - 1+1) at market rent and leasing garage spaces.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$948 USD /SF

# OF UNITS

5

PRICE/UNIT

$559,000

CAP RATE

3.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Venice West LA 5-Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,858 SF

ZONING

LAR4

APN/PARCEL ID

4236-006-006

ASK ABOUT THIS PROPERTY

Jorge YamzonLEVEL UP PROPERTY & ANCHOR ASSET MANAGMENTMore Info
626-786-5869

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Jorge YamzonLEVEL UP PROPERTY & ANCHOR ASSET MANAGMENTMore Info
626-786-5869

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