44 Navy St | Venice, CA 90291
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- LoopNet Team
44 Navy St
Venice, CA 90291
15u Venice Beach,8.36% Prof. CAP, Superb Loc. · Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- Located at the tip of Venice Beach Boardwalk! Steps from the sand and world-famous Venice Beach! Bike Score 100
- LOWEST PRICE/UNIT for Venice Beach location! ±8.36% Proforma CAP Rate, immediate upside through 3 vacant units that may be delivered vacant!
- 15 units only, NO On-site manager is required; Excellent unit mix for this location: smaller units encourage higher turnover
- Unparalleled and world class area amenities: Venice Beach boarwalk, Venice Beach (Skatepark, Muscle Beach, Fishing Pier), South Beach Park, restaurant
- Excellent Demographics: AHH Income ±$163,669 within a-mile radius; Super prime location, a stone throw away to Venice Beach!
PROPERTY FACTS
| No. Units | 15 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 6,300 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built | 1910 |
| Zoning | R3P-1-0, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R3P-1-0, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Refrigerator
- Oven
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| Studios | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 4286-018-011 | Improvements Assessment | $500,000 |
| Land Assessment | $2,700,000 | Total Assessment | $3,200,000 |
PROPERTY TAXES
Parcel Number
4286-018-011
Land Assessment
$2,700,000
Improvements Assessment
$500,000
Total Assessment
$3,200,000
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