19 Wavecrest Ave | Venice, CA 90291
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- LoopNet Team
19 Wavecrest Ave
Venice, CA 90291
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- 9 of 10 Units CAN be delivered VACANT, if Buyer desires
- Modeled market rents of $3,500 for the seven 1s, $4,500 for the two 2s
- Seller will lease back his Penthouse unit at COE - $7K/month? Negotiable.
- IMMEDIATE MARKET RENT OPPORTUNITY
- 4.5% cap rate from day one, only 5 lots away from the sand
- Penthouse unit is a large 2/1 with hot tub and rooftop deck
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 4226-003-010 | Improvements Assessment | $2,040,000 |
| Land Assessment | $2,856,000 | Total Assessment | $4,896,000 |
PROPERTY TAXES
Parcel Number
4226-003-010
Land Assessment
$2,856,000
Improvements Assessment
$2,040,000
Total Assessment
$4,896,000
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