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2201 Ocean Ave
Venice, CA 90291
10 Townhomes by Canals | Assumable Loan 4.67% · Multifamily Property For Sale
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10 Units
Investment Highlights
- 10 Units built in 1975; 14,025 SF in total. Huge units average over 1,400 square feet each. On-site laundry room (machines owned by Seller)
- Ultra prime Venice Beach location, right near Abbot Kinney Blvd and backing the Venice Canals, just 4 blocks from beach
- All units include private balconies and rooftop decks with sweeping views of the Pacific Ocean and the LA skyline
- All units are expansive, 3-story townhouses with 2-bedrooms & 2-bathrooms and a private rooftop; 20+ ft vaulted ceilings
- Soft-story retrofit in 2017; roof replaced in 2016. Assumable Chase loan for $3.05M at 4.67% until 2029
- First time on market in almost 20 years. Two tandem parking per unit; 20 covered spaces in total, strong potential for condo or TIC conversion
Property Facts
| No. Units | 10 | Building Size | 14,025 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 14,025 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Carpet
- Deck
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | - | - |
Property Taxes
| Parcel Number | 4227-001-024 | Improvements Assessment | $1,900,000 |
| Land Assessment | $2,850,000 | Total Assessment | $4,750,000 |
Property Taxes
Parcel Number
4227-001-024
Land Assessment
$2,850,000
Improvements Assessment
$1,900,000
Total Assessment
$4,750,000
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