601 Coeur D Alene Avenue

    Venice, CA 90291
    • $7,995,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: 19466024
    UPDATED: 19 min ago
    $7,995,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,338
      SQFT
    • $705
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    Prime Venice Beach investment property. 12 units + office located on Abbot Kinney Blvd. Extra large units over 11,000 sqft of building. Each has private balcony/deck, gas fireplace, dishwasher and 16 garage parking spaces. Great unit mix with 4 studios, 4 one bedrooms and 4 one bedroom + loft with roof deck and high ceilings. Huge upside potential with over 50% upside in market rents. Possible condo conversion. Close to Abbot Kinney restaurants and shops. Minutes to the beach. Inside with accepted offer.

    Monthly Payment Calculator



    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/94756585

    601 Coeur D Alene Avenue Venice, CA 90291

    • Price: $7,995,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 19466024
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    11,338
    SQFT
    $705
    $/SQFT
    1974
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Prime Venice Beach investment property. 12 units + office located on Abbot Kinney Blvd. Extra large units over 11,000 sqft of building. Each has private balcony/deck, gas fireplace, dishwasher and 16 garage parking spaces. Great unit mix with 4 studios, 4 one bedrooms and 4 one bedroom + loft with roof deck and high ceilings. Huge upside potential with over 50% upside in market rents. Possible condo conversion. Close to Abbot Kinney restaurants and shops. Minutes to the beach. Inside with accepted offer.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Gross Multiplier 24.30 Gross Operating Income 328440.00 Laundry YN Yes Net Operating Income 187046.00 Special Listing Conditions Standard Total Expenses 131540.00 Zoning Lar3

    Listing provided courtesy of Michael Springer of Compass


    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