18 Sunset Avenue

    Venice, CA 90291
    • $3,890,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 19455620
    UPDATED: 31 min ago
    $3,890,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,560
      SQFT
    • $853
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    Central Realty Advisors is pleased to present this amazing investment opportunity, 18 Sunset Avenue in prime Venice Beach. This unique property consists of an impressive mix of 6 units, 2 bachelor, (2) 2 bedroom, 2 bath and (2) 1 bedroom, 1 bath with balconies and unobstructed views of the beach. The property has many recent improvements including new garage doors. There are 5 garages for a total of 9 parking spots and coin laundry on-site. The property is literally steps from the ocean and many popular tourist destinations including the Venice Boardwalk, Muscle Beach, and Santa Monica Pier as well as dozens of popular shops, cafes, and restaurants in the area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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/93739785

    18 Sunset Avenue Venice, CA 90291

    • Price: $3,890,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 19455620
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    4,560
    SQFT
    $853
    $/SQFT
    1973
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Central Realty Advisors is pleased to present this amazing investment opportunity, 18 Sunset Avenue in prime Venice Beach. This unique property consists of an impressive mix of 6 units, 2 bachelor, (2) 2 bedroom, 2 bath and (2) 1 bedroom, 1 bath with balconies and unobstructed views of the beach. The property has many recent improvements including new garage doors. There are 5 garages for a total of 9 parking spots and coin laundry on-site. The property is literally steps from the ocean and many popular tourist destinations including the Venice Boardwalk, Muscle Beach, and Santa Monica Pier as well as dozens of popular shops, cafes, and restaurants in the area.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Electric Cooling YN Yes Laundry Features Washer Included

    Property Features

    Cap Rate 2.95 Electric Expense 1207.00 Fuel Expense 1038.00 Gross Multiplier 22.39 Gross Operating Income 173743.00 Improvements Amount 240202 Insurance Expense 2833.00 Land Value 1741515 Laundry YN Yes Maintenance Expense 9229.00 Net Operating Income 114944.00 Special Listing Conditions Standard Total Expenses 58798.00 Trash Expense 2712.00 Water Sewer Expense 3973.00 Zoning Lard1.5

    Listing provided courtesy of Zachary Grant of Central Realty Advisors Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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 | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024