Broadway @ Venice | 654 Broadway St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Broadway @ Venice 654 Broadway St
2 Unit Apartment Building $2,125,000 ($1,062,500/Unit) 4.70% Cap Rate Venice, CA 90291
Investment Highlights
- Venice close to Abbot Kinney
Executive Summary
Nestled in a lush garden in a prime Venice neighborhood just a short distance from Abbot Kinney Boulevard, these updated 2-unit townhomes are 2-bedroom, 1 & 1/2-bath that embrace ocean breezes and a coastal vibe. This interior/landscape, designer-owned property offers a perfect blend of sophisticated character, gardens, and modern amenities. Upgrades include a new roof, new windows, and new kitchen appliances making this home move-in ready'Tenancy in Common (TIC) Sale: Own a share of this beautiful property with individual ownership rights. Competitive mortgage options at current market interest rates. Join the thriving Westside real estate market, with hundreds of successful TIC sales completed. Explore what a TIC is and how it works. See attached docs for offer guidelines, TIC, and financing information. Some furnishings are staged. Broker/Agent/Seller does not guarantee the accuracy of square footage, lot size, ordinances, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to verify the accuracy of all information
Showing Remarks: Call, email jpbrozyna@gmail.comor textt 310-428-1645
Showing Remarks: Call, email jpbrozyna@gmail.comor textt 310-428-1645
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$132,000
|
$64.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,000
|
$64.33
|
| Taxes |
$22,000
|
$10.72
|
| Operating Expenses |
$12,000
|
$5.85
|
| Total Expenses |
$34,000
|
$16.57
|
| Net Operating Income |
$98,000
|
$47.76
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $64.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,000 |
| Annual Per SF | $64.33 |
| Taxes | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $10.72 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $5.85 |
| Total Expenses | |
|---|---|
| Annual | $34,000 |
| Annual Per SF | $16.57 |
| Net Operating Income | |
|---|---|
| Annual | $98,000 |
| Annual Per SF | $47.76 |
Property Facts
| Price | $2,125,000 | Property Subtype | Apartment |
| Price Per Unit | $1,062,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,052 SF |
| Cap Rate | 4.70% | No. Stories | 2 |
| Gross Rent Multiplier | 16 | Year Built/Renovated | 1980/2024 |
| No. Units | 2 | Parking Ratio | 1.46/1,000 SF |
| Property Type | Multifamily |
| Price | $2,125,000 |
| Price Per Unit | $1,062,500 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 16 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.12 AC |
| Building Size | 2,052 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2024 |
| Parking Ratio | 1.46/1,000 SF |
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | $5,500 | 1,026 |
1 of 1
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (91)
zoning
| Zoning Code | LARD1.5 (Los Angeles Restricted Density Multiple Dwelling) |
| LARD1.5 (Los Angeles Restricted Density Multiple Dwelling) |
-
Dave Maldonado -
Coldwell Banker Commercial Realty
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Broadway @ Venice | 654 Broadway St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.