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101 Dudley Ave 29 Unit Apartment Building For Sale Venice, CA 90291
Investment Highlights
- Prime Coastal Asset: Located just one block from the beach, walkable to numerous dining and retail options, proximate to major employers
- On-Site Parking: Lot offers 11 surface parking spaces, a rare amenity in this area, that generates additional income
- Strong Demographics: Tenant base supported by a one-mile average household income over $148,000
- Unit Mix: 29-Unit Apartment building with 22 studio SRO’s with shared bathrooms and seven one-bedroom units
- 24 Percent potential upside in rents
- Property Tour Thursday, September 10th at 11am
Executive Summary
PROPERTY TOUR THURSDAY, SEPTEMBER 10TH AT 11AM
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire a prime piece of Venice real estate: 101 Dudley Avenue. This highly recognizable 29-unit apartment building features 22 studio SRO’s with shared bathrooms, seven one-bedroom units, laundry facilities, and a shared patio. The building is situated on a corner lot that offers 11 surface parking spaces, a rare amenity in this area that generates additional income. Boasting a prime location just one block from the beach, the famed Venice Boardwalk, and Google’s Venice campus, and near Abbott Kinney, this asset presents an excellent coastal acquisition opportunity with consistent rental demand and upside potential in an affluent submarket.
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire a prime piece of Venice real estate: 101 Dudley Avenue. This highly recognizable 29-unit apartment building features 22 studio SRO’s with shared bathrooms, seven one-bedroom units, laundry facilities, and a shared patio. The building is situated on a corner lot that offers 11 surface parking spaces, a rare amenity in this area that generates additional income. Boasting a prime location just one block from the beach, the famed Venice Boardwalk, and Google’s Venice campus, and near Abbott Kinney, this asset presents an excellent coastal acquisition opportunity with consistent rental demand and upside potential in an affluent submarket.
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 29 | Building Size | 9,396 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1914 |
| Apartment Style | Low-Rise | Parking Ratio | 1.17/1,000 SF |
| Building Class | B | ||
| Zoning | LAR3 - Residential | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 9,396 SF |
| No. Stories | 3 |
| Year Built | 1914 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | LAR3 - Residential |
Amenities
Site Amenities
- Laundry Facilities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | - |
| 1+1 | 7 | - | - |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4286-016-046 | Improvements Assessment | $267,948 |
| Land Assessment | $3,885,387 | Total Assessment | $4,153,335 |
Property Taxes
Parcel Number
4286-016-046
Land Assessment
$3,885,387
Improvements Assessment
$267,948
Total Assessment
$4,153,335
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Videos
Matterport 3D Exterior
Matterport 3D Tour
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Street
Map
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