616 Vernon Ave
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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.
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 | Building Class | C |
Price Per Unit | $399,980 | Lot Size | 0.11 AC |
Sale Type | Investment | Building Size | 3,916 SF |
No. Units | 5 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1964 |
Apartment Style | Low Rise | Parking Ratio | 0.8/1,000 SF |
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 | - | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
Parcel Number | 4239-003-008 | Improvements Assessment | $289,658 |
Land Assessment | $506,909 | Total Assessment | $796,567 |
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 |
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616 Vernon Ave
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