412 Brooks Ave, Venice, CA 90291

$1,938,930
4
BD
4
BA
2,355
SqFt
Sold Price
$1,938,930
List Price
$1,950,000
Closing Date
Mar 31, 2022
MLS#
22-119704
Year Built
1964
Bedrooms
4
Bathrooms
4
Living Sq. Ft
2,355
Lot Size
4,999
Days on Market
55
Property Type
Multifamily
Stories
1

Property Description

We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of 445%, its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner-occupied buyer who wants to live in one of the units and collect rent on the other three. Furthermore, this property's zoning (LARD1.5) also offers an investor the potential for future redevelopment of 4 units/condos. Lastly, since this property has 4-units, it qualifies for residential financing. Three of these units will be delivered vacant.

Additional Information

Other Buildings
None
Heat
Wall Gas
Cooling
None
Number of Cars in Garage
Assigned

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of , Ra-Son Theus - CA DRE# Selling Office: .

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