523 Main St | Venice, CA 90291
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- LoopNet Team
523 Main St
Venice, CA 90291
Multifamily Property For Sale · 5 Units
Investment Highlights
- Tenant is Responsible for All Expenses
- Ability to Operate Property as Multifamily upon Expiration of the Lease
- Newly Renovated Units No Landlord Responsibilities
- 5-year NNN Lease to be Executed at COE
- Strongly Performing Trophy Asset with a CAP Rate above 7%
- Prime Venice Beach Location Walking Distance to Major Attractions
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 1,536 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Low Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1925 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,536 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1925 |
Unit Amenities
- Air Conditioning
- Fireplace
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Garden
- Porch
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 300 - 336 |
PROPERTY TAXES
| Parcel Number | 4286-016-034 | Improvements Assessment | $357,000 |
| Land Assessment | $2,040,000 | Total Assessment | $2,397,000 |
PROPERTY TAXES
Parcel Number
4286-016-034
Land Assessment
$2,040,000
Improvements Assessment
$357,000
Total Assessment
$2,397,000
zoning
| Zoning Code | LAR3 |
| LAR3 |
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