22 28th Ave | Venice, CA 90291
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- LoopNet Team
22 28th Ave
Venice, CA 90291
Venice Beach Resi | Finance Available · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Upscale multifamily investment includes three apartments and a luxury townhouse, all fully occupied, delivering strong cash flow.
- Just one block from Venice Beach, residents have immediate access to Marina del Rey, Penmar Golf Course, and quality shopping and dining options.
- High-end unit features include balconies, plank flooring, large windows, stainless steel appliances, and in-unit washer/dryers.
- Situated on a rare double lot, the opportunity provides the long-term upside for expansion or redevelopment.
- Average rents in the area are approximately 50% above the Greater Los Angeles area, with submarket vacancies of just 5.3%.
- Meticulously landscaped 0.12-acre double lot with a fenced yard, two garages, and two on-site surface parking spaces.
Property Facts
| No. Units | 4 | Building Size | 5,398 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 5,398 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 2/1,000 SF |
| Zoning | LARD1.5 |
Property Taxes
| Parcel Number | 4226-021-026 | Improvements Assessment | $828,655 |
| Land Assessment | $4,498,429 | Total Assessment | $5,327,084 |
Property Taxes
Parcel Number
4226-021-026
Land Assessment
$4,498,429
Improvements Assessment
$828,655
Total Assessment
$5,327,084
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