1167 Nelrose Ave 3 Unit Apartment Building $1,475,000 ($491,667/Unit) Venice, CA 90291
EXECUTIVE SUMMARY
Lee & Associates is pleased to present the opportunity to purchase this multi-family triplex at 1167 Nelrose Avenue, consisting of ± 1,888 square feet of building on ± 4,401 square feet of land. The property is situated in the heart of Venice, walking distance to iconic Abbot Kinney Boulevard. Originally built in 1952, the property is rich with history. Mature landscaping and an expansive shared patio create an inviting outdoor oasis. Currently built out as a triplex, with two units consisting of one-bedroom and one-bathroom, and one unit consisting of two bedrooms and one-bathroom. The property offers tremendous upside potential to owner occupants, investors and developers alike. One bedroom, one bathroom unit is available for owner/user. Do NOT disturb tenants. Call agent for showing details.
PROPERTY FACTS
| Price | $1,475,000 |
| Price Per Unit | $491,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.10 AC |
| Building Size | 1,888 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | RD 1.5-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (87)
