130 Eastwind Street

    Venice, CA 90292
    • $3,600,000
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: 18389984
    UPDATED: 13 min ago
    $3,600,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,229
      SQFT
    • $688
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Exciting six unit beach property! Nestled between Marina Del Rey and Venice on lovely Eastwind Street. Rare opportunity to buy in this trendy Marina Del Rey Peninsula area. A prime location only a short block from both the beach and the Venice Canals, as well as walking distance to the pier, unique shops, galleries & lively restaurants. Located at the border of Marina Del Rey & Venice on a quiet, nostalgic beachside block, this property is perfect for either an owner/user that wishes to live in one unit and rent the five other units, or for an investor as a great income property. The property consists of six 2bd 1ba units, One of the units is a town house. No vacancies over the past five years. Pride of ownership. All units W/Hardwood floors, newer kitchens/baths, and separate water heaters. Five enclosed garages. Large double lot surrounded on three sides with street and a beautiful large community garden. Annual gross income as of 07-01-2018 is $178,923.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/87927342

    130 Eastwind Street Venice, CA 90292

    • Price: $3,600,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 18389984
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,229
    SQFT
    $688
    $/SQFT
    1965
    Built
    Neighborhood:
    C12 - Marina Del Rey
    County:
    Los Angeles
    Area:
    C12 - Marina Del Rey
    Property Description
    Exciting six unit beach property! Nestled between Marina Del Rey and Venice on lovely Eastwind Street. Rare opportunity to buy in this trendy Marina Del Rey Peninsula area. A prime location only a short block from both the beach and the Venice Canals, as well as walking distance to the pier, unique shops, galleries & lively restaurants. Located at the border of Marina Del Rey & Venice on a quiet, nostalgic beachside block, this property is perfect for either an owner/user that wishes to live in one unit and rent the five other units, or for an investor as a great income property. The property consists of six 2bd 1ba units, One of the units is a town house. No vacancies over the past five years. Pride of ownership. All units W/Hardwood floors, newer kitchens/baths, and separate water heaters. Five enclosed garages. Large double lot surrounded on three sides with street and a beautiful large community garden. Annual gross income as of 07-01-2018 is $178,923.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single Door Parking YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling See Remarks Cooling YN Yes

    Property Features

    Cap Rate 3.41 Electric Expense 950.00 Fuel Expense 0.00 Gross Income 178920.00 Gross Multiplier 19.60 Gross Operating Income 183400.00 Improvements Amount 510000 Insurance Expense 4000.00 Land Value 3060000 Laundry Income 1440.00 Licenses Expense 406.00 Maintenance Expense 500.00 Net Operating Income 122881.00 Other Expense 252.00 Pool Expense 0.00 Special Listing Conditions Standard Total Actual Rent 177480.00 Total Expenses 60519.00 Trash Expense 950.00 Vacancy Allowance 0 Water Sewer Expense 4686.00 Zoning Lar3

    Listing provided courtesy of Mike Khattab of Coldwell Banker Residential Br


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024