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616 Vernon Ave

5 Unit Apartment Building $1,999,900 ($399,980/Unit) Venice, CA 90291

Executive Summary

Searching for an incredible investment opportunity in a highly lucrative area? Enviably set in a tranquil Oakwood neighborhood, this gated multi-family property in Venice could be the amazing venture you're looking for! Five well-proportioned units are all occupied. Each abode features an open-concept main living area with large windows spilling abundant natural light throughout, illuminating the interior's crisp white tones and gorgeous wood-style flooring. Cooking is a breeze with the galley-style kitchen that graces every unit, equipping the culinary enthusiast with quality appliances, ample cabinetry, and sleek granite countertops. Comfortable bedrooms with generous closets await after a long day, accommodated by a refreshing bath with a shower/tub combo. Decorative railing on the second floor's overlooking walkway makes it an attractive spot for relaxing with morning coffee, while ground-level residences share a sun-kissed patio bordered by lush bamboo. A multi-car rear lot is available in addition to plentiful street parking. Its fantastic location puts you close to Pacific Coast Highway, the beaches, the Venice Boardwalk, the marina, and a wide array of shopping, dining, and entertainment options and activities. Grab this rare prospect before it slips away!
All 5 units tenant occupied. To request a showing upload pre-approval and POF to https://BrokerMinded.com/showings and complete and submit the form. Indicate date/time you would like to show. The deadline for offers is Monday, December 9th at 10 am. No offers will be considered prior to the deadline. To submit an offer, upload the complete package to https://BrokerMinded.com/offers and complete and submit the form. Include C.A.R. Forms RIPA, PAPA, BRBC, BFPI, and Proof of Funds and pre-approval letter with your offer. No request for repairs will be considered.

Property Facts

Price $1,999,900
Price Per Unit $399,980
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 3,916 SF
Average Occupancy 100%
No. Stories 2
Year Built 1964
Parking Ratio 0.8/1,000 SF

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 - -
2+1 3 - -
Studios 1 - -
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4239-003-008
Land Assessment
$506,909
Improvements Assessment
$289,658
Total Assessment
$796,567

zoning

Zoning Code R3-1, Los Angeles
R3-1, Los Angeles
  • Listing ID: 34006353

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 616 Vernon Ave, Venice, CA 90291

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