354 4th Ave | Venice, CA 90291
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- LoopNet Team
354 4th Ave
Venice, CA 90291
15 Units Walkable to the Beach & Abbot Kinney · Multifamily Property For Sale
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15 Units
INVESTMENT HIGHLIGHTS
- Walking distance to Venice Beach and Abbot Kinney, 1 block south of Rose Avenue and 2 blocks east of Main Street
- 10 of 15 renovated units include quartz countertops, LED lighting package, copper plumbing, new wiring and panels, and a black window package
- Property amenities include a new roof, approx. 24 covered parking spaces, controlled access and a beautifully landscaped community courtyard
- Value-add opportunity with approx. 33% rental upside based on renovated units in the building
- Enticing unit mix comprised of (2) 3-bdrm. & 2-bath units, (1) three-bdrm. townhouse, (10) 2-bdrm. units and (2) 1-bdrm. units
PROPERTY FACTS
| No. Units | 15 | Building Size | 11,958 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 2.01/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LAR4 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,958 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | LAR4 |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Stainless Steel Appliances
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,604 | - |
| 3+2 | 2 | $3,128 | - |
| 2+1 | 10 | $2,630 | - |
| 1+1 | 2 | $1,951 | - |
PROPERTY TAXES
| Parcel Number | 4240-008-022 | Improvements Assessment | $1,183,794 |
| Land Assessment | $4,172,885 | Total Assessment | $5,356,679 |
PROPERTY TAXES
Parcel Number
4240-008-022
Land Assessment
$4,172,885
Improvements Assessment
$1,183,794
Total Assessment
$5,356,679
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