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$ 2,150,000
Est. payment | /mo
5 Beds
5 Baths
2,755 Sqft Lot
$ 2,150,000
Est. payment | /mo
5 Beds
5 Baths
2,755 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24081257
Bedrooms 5
HOA Y/N No
Lot Size 2,755 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.
For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.
For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.
Location
State CA
County Los Angeles
Area Venice (90291)
Zoning Assessor
Building
Story 2
Lot Size Range 1-3999 SF
Others
Monthly Total Fees $34
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,739
Listing Terms Cash, Conventional, Exchange
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
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