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659 Vernon Ave
Venice, CA 90291
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Excellent Location
- Good Mix Of Units
- Well Maintained Building
Executive Summary
Remodeled and well maintained four-unit building located in an excellent Venice location. Totaling 2,334 SF on a 4803 SF lot, this updated Quadruplex building consists of one 2/1 house at front of property and three units in the rear ( 2/2, 1/1, 1/1 Bed-Bath ). All units have been renovated with new floors, new appliances, remodeled bathrooms and kitchens. Additional upgrades to the building include plumbing, electrical, some newer windows, new roofing, Further features include 4 carport spaces with storage, as well shared back yard and private front yard. This is a wonderful investment property, in a great neighborhood. ** Two units including front house delivered vacant **Contact for more information, photos and videos**
Property Facts
| Price Per Unit | $447,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.69% | Building Size | 2,334 SF |
| Gross Rent Multiplier | 13.16 | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price Per Unit | $447,500 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Gross Rent Multiplier | 13.16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,334 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Yard
- Dining Room
- Freezer
- Garden
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,122 | 758 |
| 1+1 | 1 | $2,345 | 500 |
| 1+1 | 1 | $2,197 | 500 |
| 2+1 | 1 | $2,669 | 575 |
Property Taxes
| Parcel Number | 4240-013-025 | Improvements Assessment | $452,427 |
| Land Assessment | $742,216 | Total Assessment | $1,194,643 |
Property Taxes
Parcel Number
4240-013-025
Land Assessment
$742,216
Improvements Assessment
$452,427
Total Assessment
$1,194,643
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Matterport 3D Exterior
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