14 Brooks Ave | Venice, CA 90291
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- LoopNet Team
14 Brooks Ave
Venice, CA 90291
TROPHY BEACH ASSET W/ 4.75% ASSUMABLE DEBT! · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- A TROPHY ASSET you'll likely keep for generations.
- $4MM of recent renovations! Property has been 're-built' from the studs out.
- Strong, leverage play with $6.5MM of assumable debt at 4.875% Interest-only. ALMOST 200 BPS UNDER MARKET! Rate is locked in for almost 5 more years.
- Building is a "museum piece" that cash flows.
- Top-of-the-line, modern amenities at every turn and a 2,500 sq. ft. rooftop deck.
- 2 units recently vacated and 3 more can be delivered vacant - PERFECT ASSET AND LOCATION FOR LUCRATIVE SHORTER-TERM OR FLEXIBLE FURNISHED RENTALS.
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 5,294 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.64/1,000 SF |
| Zoning | LARD1.5 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,294 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.64/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Security System
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
SITE AMENITIES
- Controlled Access
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | 308 - 538 |
PROPERTY TAXES
| Parcel Number | 4286-026-026 | Improvements Assessment | $855,348 |
| Land Assessment | $3,481,756 | Total Assessment | $4,337,104 |
PROPERTY TAXES
Parcel Number
4286-026-026
Land Assessment
$3,481,756
Improvements Assessment
$855,348
Total Assessment
$4,337,104
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