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1411 Innes Pl
Venice, CA 90291
4.45% CAP Rate · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Prime Location in the Heart of Downtown Venice Beach; Steps from Venice Boardwalk & Abbot Kinney Blvd
- Great Unit Mix Consisting of Five (5) - 2 Bedroom/1 Bathroom Units
- Select Units with Upgraded Countertops, Bathrooms, Kitchen, Stainless Steel Appliances, Windows Etc.
- One (1) Unit to be Delivered Vacant at the Close of Escrow
- Healthy Rental Income Year 1 | Low Operating Expenses | Over 4.40% CAP Rate
- Nine (9) Total Parking Spaces | Four (4) Tandem Tuck Under Spaces & One (1) Surface Spot
Property Facts
| No. Units | 5 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 4,032 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1958 |
| Zoning | LAC4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | LAC4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 4238-011-015 | Improvements Assessment | $413,100 |
| Land Assessment | $2,340,900 | Total Assessment | $2,754,000 |
Property Taxes
Parcel Number
4238-011-015
Land Assessment
$2,340,900
Improvements Assessment
$413,100
Total Assessment
$2,754,000
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