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240 3rd Ave
Venice, CA 90291
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Prime location, just a 0.5 mile walk away from the Venice Beach shore and a half mile walk from Rose Ave.
- Area has an extremely strong rental demand especially among working professionals who desire to be near their west side employment centers.
- 7 units will be delivered vacant.
- Surrounded by trendy restaurants, popular shops, and a variety of entertainment options.
- Spacious parking lot for tenants as well as on-site laundry room.
- Four recently renovated 1 bed/1 bath units and four studio units. All units are fully furnished.
Property Facts
| No. Units | 8 | Building Size | 3,288 SF |
| Property Type | Multifamily | Average Occupancy | 12% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 2.43/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,288 SF |
| Average Occupancy | 12% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 4286-001-014 | Improvements Assessment | $689,785 |
| Land Assessment | $2,069,355 | Total Assessment | $2,759,140 |
Property Taxes
Parcel Number
4286-001-014
Land Assessment
$2,069,355
Improvements Assessment
$689,785
Total Assessment
$2,759,140
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