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101 Dudley Avenue

101 Dudley Avenue, Venice, CA 90291

N/A

29 Units | Multifamily

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West Facing Property One Block To Beach

Multifamily Property - Off Market

Price:
N/A
No. Units:
29
Building Size:
18,792 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
5.70%
Gross Rent Multiplier:
13.78
Lot Size:
6,059 SF
Listing ID
16740007
Last Updated
over 1 year ago

Description

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.

Map of 101 Dudley Avenue, Venice, CA 90291 (Los Angeles County)

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Created 6/28/2010