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23 19th Ave
Venice, CA 90291
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 4 -Singles, 2 of them have a sunporch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 40 years) with below market rents. The building has copper plumbing. Two of the units (units 2& 4) have been completely remodeled. Two other units (units 3 & 5) have been partially remodeled including hardwood floors. Master metered for electricity. Individually metered for gas. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $150/mo. for parking from units 1, 3 and 6. The building was earthquake retrofitted in 1994. You can't beat the location, close to the Venice Boardwalk, Santa Monica Pier and Muscle Beach.
PROPERTY FACTS
| Price Per Unit | $391,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 13.57 | Building Size | 2,765 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1908 |
| Apartment Style | Low-Rise | Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR3 | ||
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 13.57 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,765 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1908 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,143 | 350 |
| Studios | 1 | $2,150 | 350 |
| Studios | 1 | $1,864 | 350 |
| Studios | 1 | $2,074 | 350 |
| 2+1 | 1 | $3,616 | 800 |
| 1+1 | 1 | $2,132 | 550 |
PROPERTY TAXES
| Parcel Number | 4226-011-013 | Improvements Assessment | $90,224 |
| Land Assessment | $180,721 | Total Assessment | $270,945 |
PROPERTY TAXES
Parcel Number
4226-011-013
Land Assessment
$180,721
Improvements Assessment
$90,224
Total Assessment
$270,945
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