Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
2001 Penmar Avenue . Venice , CA 90291
For sale 11 unit apartment building in Venice , California. For more information contact the listing agent, Michael Monempour D 310.492.8402 l C 310.270.8423 Michael.Monempour@kidder.com l kidder.com
Posted: 01/31/2022 9:06 am
| On HOMEiZ: 809 days |
Updated: 2 years ago
| Views: 515
Location Map
Property Type
Sold
Property Price
$3300000
$3300000
01/14/2022
10,366.00
Sq. Ft.
$442
7469
2%
3.96%
$0
$130680
16.00
$0
1.25%
$41250
Property Location & Description
For sale 11 unit apartment building in Venice , California. For more information contact the listing agent, Michael Monempour D 310.492.8402 l C 310.270.8423 Michael.Monempour@kidder.com l kidder.com
Rent Control
This 11 unit property consists of 1-B+1, 1-S+1, 5-1+1, and 4-2+1 units and is located in the Venice area of Los Angeles. The property is fully occupied and subject to Rent Control. There is significant upside in the rents which will allow an investor consistent increases to cash flow. The property is gated, has a pool, and sits on a large lot of 10,366 square feet (LARD3). There are five tandem parking spaces and three single spaces. Inspection with accepted offer only. All financial information is estimated. The property is being sold as is. The Buyer shall conduct their own due diligence in regards to the property characteristics and suitability as the listing agent has not personally verified the property characteristics.
Locate in Venice , California.
11
$300000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
5
2.
2+1
4
3.
0+1
2
4.
5.
4242-009-011
R3
100%
Wood & Stucco
2
1962
Good
Great Location in Venice!
Excellent unit mix.
Significant Upside in Rents
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
No Data
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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