Log In/Sign Up
Your email has been sent.
2008-2020 Strongs Dr 7 Unit Apartment Building $3,595,000 ($513,571/Unit) 5.54% Cap Rate Venice, CA 90291
INVESTMENT HIGHLIGHTS
- Below-Market Assumable Debt
- Excellent In-Place Cap Rate of 5.45%
- New electrical 400-amp service
- Excellent In-Place GRM 12.7
- New Kitchens and Bathrooms in some units
- Tankless hot water heaters in most units
EXECUTIVE SUMMARY
7 Units steps from the beach offered at a 5.54% CAP and 12.7 GRM
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$277,028
|
$69.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$277,028
|
$69.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,885
|
$19.43
|
| Net Operating Income |
$199,143
|
$49.69
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $277,028 |
| Annual Per SF | $69.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $277,028 |
| Annual Per SF | $69.12 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,885 |
| Annual Per SF | $19.43 |
| Net Operating Income | |
|---|---|
| Annual | $199,143 |
| Annual Per SF | $49.69 |
PROPERTY FACTS
| Price | $3,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $513,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.54% | Building Size | 4,008 SF |
| Gross Rent Multiplier | 12.7 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1922 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 & LAR1.5 | ||
| Price | $3,595,000 |
| Price Per Unit | $513,571 |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,008 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR3 & LAR1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $3,191 | - |
| 1+1 | 1 | $4,385 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 4238-022-031 | Improvements Assessment | $382,774 |
| Land Assessment | $1,531,102 | Total Assessment | $1,913,876 |
PROPERTY TAXES
Parcel Number
4238-022-031
Land Assessment
$1,531,102
Improvements Assessment
$382,774
Total Assessment
$1,913,876
1 of 70
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2008-2020 Strongs Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.