32 N Venice Blvd - Apartments FOR SALE
Venice, CA 90291 |
$3,500,000 USD
310-600-6208
32 N Venice Blvd
Venice, CA 90291
HIGHLIGHTS
- 100% occupied with single tenant with Long-term Stability Lease secured through October 2028
- One 3 Year Option to Extend (FMV) with 3% annual rent increases
- Tenant responsible for maintenance & operations with Minimal landlord responsibilities (structure + roof only)
- Proven Operator - Well Securitized Lease with additional 3 Personal Guarantees
- Projected CAP grows to 6.36%
- LOCATION- Steps from the beach in one of the most dynamic coastal markets in the world!
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$1,321 USD /SF
# OF UNITS
4
PRICE/UNIT
$875,000
CAP RATE
5.72%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing, Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1964
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,614 SF
ZONING
LAC1.5
APN/PARCEL ID
4226-014-024
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310-600-6208
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310-600-6208
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