2602 Pacific Ave - Apartments FOR SALE


Venice, CA 90291
$2,699,000 USD
323-464-9272
2602 Pacific Ave, Venice, CA for Sale
$2,699,000 USD
Apartments - FOR SALE
1/49
null | 3.49% Cap Rate

2602 Pacific Ave
Venice, CA 90291


HIGHLIGHTS

  • Walking distance to Venice Beach and the Pacific Ocean.
  • Renovated units feature updated finishes and modern appliances.
  • Six on-site parking spaces provide valuable off-street parking accommodations.

OVERVIEW

Amazing opportunity for both investors and owner-users! Nestled just moments from the beach - this unique investment property combines SoCal coastal charm with its prime location, and potential to add even more value. 2 of the units (2 bedroom + studio ) have recently been tastefully remodeled with top of the line materials and appliances. Both of these units are currently rented out for short term rentals , but also could be a great possibility to become an owner user unit in the future. New roof, appliances and water heater. Newly upgraded plumbing throughout. 6 carport parking spaces. Laundry room. Superior Venice location, adjacent to the canals . Close proximity to Abbot Kinney, Rose Avenue , acclaimed restaurants, boutique shopping, as well as the area's thriving creative and tech communities. The possibilities here are abundant. With strong underlying land value, a coveted Westside location, and enduring buyer demand, this property represents not only a wonderful place to live, but also a smart investment with significant future potential. **Broker/agents do not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of property provided by the seller or obtained from public records.**

FOR SALE DETAILS

PRICE

$2,699,000 USD

PRICE/SF

$807 USD /SF

# OF UNITS

4

PRICE/UNIT

$674,750

CAP RATE

3.49%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,660 SF

ZONING

RD1.5-1-O

APN/PARCEL ID

4227-010-006,4227-010-007

ASK ABOUT THIS PROPERTY

Ron PerezColdwell BankerMore Info
323-464-9272

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Ron PerezColdwell BankerMore Info
323-464-9272

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