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101 Dudley Ave 29 Unit Apartment Building For Sale Venice, CA 90291
Investment Highlights
- Located just one block from the beach
- Proximate to major employers
- 24 Percent potential upside in rents
- Walkable to numerous dining, retail, and entertainment options
- Lot offers 11 surface parking spaces
- Tenant base supported by a one-mile average household income over $148,000
Executive Summary
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.
101 Dudley Avenue is offered unpriced.
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.
101 Dudley Avenue is offered unpriced.
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
- Gas Range
- 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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