101 Dudley Avenue
Venice, CA 90291 ·
29 Units · Multifamily For Sale
Multifamily Property For Sale
|Price||N/A||Property Use Type||Investment|
|No. Units||29||Commission Split||2%|
|Building Size||18,792 SF||Cap Rate||5.70%|
|Property Type||Multifamily||Gross Rent Multiplier||13.78|
|Property Sub-type||Mid/High-Rise||Lot Size||6,059 SF|
|Listing ID: 16740007||Date Created: 06/28/2010||Last Updated: 04/01/2011|
AMAZING VENICE BEACH/SANTA MONICA BORDER DEVELOPMENT OPPORTUNITY - 4 CONTIGUOUS LOTS.
THIS PROPERTY IS ADJACENT TO 109 DUDLEY, AN ARCHITECTURAL SINGLE FAMILY HOME (MLS # 10- 471921, ALSO LISTED ON LOOPNET). PROPERTY TO EAST OF 109 IS ALSO FOR SALE. TOGETHER, THESE THREE PROPERTIES COMPRISE FOUR CONTIGUOUS LOTS - WHICH OFFER EXTRAORDINARY POTENTIAL FOR DEVELOPMENT IN THIS PRIME BEACH AREA. SELLERS HIGHLY MOTIVATED. CALL FOR DETAILS. (Properties to be sold completely independently by three different owners.) Perfect west facing location just 1 block to the sand & 1 block to Main Street for fine dining, entertainment, art and shopping. Abbot Kinney Boulevard is just a few blocks away. Easy access to 10 Fwy. 11 Parking Spaces. Extensively updated in 2003: new roof, breakers, partial copper plumbing, electrical, heating, new ceilings, carpeting and hardwood floors, building master metered (water, gas and electric), retrofitted, security camera. Build a rooftop deck for amazing ocean and city views. Extremely low vacancy rates. A very rare and exciting opportunity for savvy investors with vision.
Pacific Avenue at Dudley Avenue, between Rose and Brooks.
101 Dudley Avenue, Venice, CA 90291 (Los Angeles County)
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