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INVESTMENT HIGHLIGHTS
- Prime Venice Beach Location - Steps from the beach
- Tremendous Walk Score of 92 and Bike Score of 95
- Value-add opportunity | Up to 25% upside in rents through renovations
- Assumable 3.69% I/O loan for $3.5M until April 2027
EXECUTIVE SUMMARY
IREA is proud to exclusively present 30 Dudley Ave. Situated less than 100 yards from the beach on a treelined Venice footpath, 30 Dudley Avenue is one of Venice’s oldest inhabitants! The pre-war building is truly in the heart of Venice just steps from The World-Famous Venice Boardwalk with wonderful access to area amenities (no car needed). The property is comprised of eighteen units – all of which are large singles. Two of the eighteen units have private balconies with ocean views down the footpath. Outside, a charming entry courtyard and patio area welcomes residents with alleyway access available at the rear for vehicle pick-ups and drop-offs. Laundry facilities available on site. From the roof, 30 Dudley offers unobstructed views of the Ocean and Santa Monica Mountains, which could present an opportunity to add an incomparable rooftop deck and lounge! Please note the property got a new coat of roofing. The property has an assumable loan of approximately $3.5M at 3.69% I/O through April 2027. Buyer to verify all information and potential possibilities.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 18 | Building Size | 8,490 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1908 |
| Building Class | C | ||
| Zoning | RD1.5 | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,490 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1908 |
| Zoning | RD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | - | 300 - 400 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 4286-021-009 | Improvements Assessment | $587,887 |
| Land Assessment | $627,080 | Total Assessment | $1,214,967 |
PROPERTY TAXES
Parcel Number
4286-021-009
Land Assessment
$627,080
Improvements Assessment
$587,887
Total Assessment
$1,214,967
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30 Dudley Ave
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