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240 3rd Ave
Venice, CA 90291
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Year-One 5.64% Cap Rate
- 7 Units Delivered Vacant
- Located Blocks To The Ocean & 1 Block To Shopping/Restaurants
- Ample Parking For All Units & On-Site Laundry Facility
- Incredibly Rare Unit Mix of (4) Bachelor Units & (4) 1 Bed Units
- Two-Story Value-Add Property
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 | $1,800 | - |
| 1+1 | 3 | $3,000 | - |
| 1+1 | 1 | $2,221 | - |
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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