3008 Pacific Ave
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3008 Pacific Ave
2 Unit Apartment Building Offered at $2,250,000 at a 2.52% Cap Rate in Venice, CA 90291
EXECUTIVE SUMMARY
Huge Price Improvement!! Amazing Owner-User investment opportunity on the cusp of Venice Beach and the Marina Peninsula! One block north from famous Venice Pier and Washington Square. Minutes from the Venice Canals, Abbot Kinney, and Marina del Rey. Large units with outdoor space.This building is the epitome of coastal living, perfect for an Owner-User that wants to live steps from the beach! Ground floor 3-Bedroom, 3-Bathroom unit with private patio.
Zoned Triplex but City and Certificate of Occupancy has it as duplex. Ground Floor unit to be delivered vacant. Rent Projected and expenses projected including property tax (based on List Price).
Zoned Triplex but City and Certificate of Occupancy has it as duplex. Ground Floor unit to be delivered vacant. Rent Projected and expenses projected including property tax (based on List Price).
PROPERTY FACTS
| Price | $2,250,000 | Lot Size | 0.06 AC |
| Price Per Unit | $1,125,000 | Building Size | 3,476 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 2.52% | No. Stories | 2 |
| Gross Rent Multiplier | 20.49 | Year Built | 1971 |
| No. Units | 2 | Parking Ratio | 0.86/1,000 SF |
| Property Type | Multifamily |
| Price | $2,250,000 |
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| Cap Rate | 2.52% |
| Gross Rent Multiplier | 20.49 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.06 AC |
| Building Size | 3,476 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 0.86/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 2 | - | - |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (88)
ZONING
| Zoning Code | LARD1.5 |
| LARD1.5 |
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3008 Pacific Ave
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