11 19TH Avenue

    Venice, CA 90291
    • $2,895,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: 20548082
    UPDATED: 35 min ago
    $2,895,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:
    Area:

    School Ratings & Info

    Description

    Triplex investment opportunity, value-add and/or long-term holding, in the heart of Venice, only a few feet from the beach. This 2,724 sq. ft. building comprises a spacious 2-bedroom plus loft, 2-bath unit filled with light and featuring a private balcony, as well as a 1-bedroom plus loft, 1.75-bath unit on three levels with ocean views from the loft area. A first-floor studio with potential privatization of a section of the patio completes this offering. Shared amenities include a peaceful flat and landscaped entertainment area with built-in barbecue and direct access for guests from 19th Ave pedestrian gate, in addition to 5-car secured parking garage (2 tandems) located on 18th Pl side. With modest cosmetic improvements, it is estimated that one could achieve rents totaling approximately $15,500 per month.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T17:31:31.33. 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 or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/102742418

    11 19TH Avenue Venice, CA 90291

    • Price: $2,895,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 20548082
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1971
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Triplex investment opportunity, value-add and/or long-term holding, in the heart of Venice, only a few feet from the beach. This 2,724 sq. ft. building comprises a spacious 2-bedroom plus loft, 2-bath unit filled with light and featuring a private balcony, as well as a 1-bedroom plus loft, 1.75-bath unit on three levels with ocean views from the loft area. A first-floor studio with potential privatization of a section of the patio completes this offering. Shared amenities include a peaceful flat and landscaped entertainment area with built-in barbecue and direct access for guests from 19th Ave pedestrian gate, in addition to 5-car secured parking garage (2 tandems) located on 18th Pl side. With modest cosmetic improvements, it is estimated that one could achieve rents totaling approximately $15,500 per month.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Appliances BarbecueDishwasherDisposalMicrowaveRefrigerator Appliances YN Yes Cooling None Cooling YN No Heating Central Heating YN Yes

    Property Features

    Gross Income 186000.00 Gross Multiplier 15.56 Gross Operating Income 186000.00 Net Operating Income 119472.00 Senior Community YN No Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Donald Heller of Compass and Stephen Sigoloff of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T17:31:31.33. 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 or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
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    Carlsbad CA, 92009