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- LoopNet Team
21 S Venice Blvd
Venice, CA 90291
21 S Venice Blvd · Multifamily Property For Sale · 6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 3,567 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1964 |
| Building Class | B | Parking Ratio | 1.37/1,000 SF |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 3,567 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.37/1,000 SF |
SITE AMENITIES
- Courtyard
ABOUT 21 S VENICE BLVD , VENICE, CA 90291
Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 2.63 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 4226-014-010 | Improvements Assessment | $478,584 |
| Land Assessment | $3,121,200 | Total Assessment | $3,599,784 |
PROPERTY TAXES
ZONING
| Zoning Code | LAR3 |
| LAR3 |
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