345 5TH Avenue

    Venice, CA 90291
    • $2,550,000
    • STATUS: Active
    • ON SITE: 265 days
    • ID#: 19486864
    UPDATED: 47 min ago
    $2,550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:
    Area:

    School Ratings & Info

    Description

    100% VACANT AT CLOSE OF ESCROW!!! PRICE REDUCTION! SELLER IS MOTIVATED!!! Beautiful Triplex located in highly sought after Venice. 345 - 349 5th Ave offers 3 uniquely designed and separate units. All units consist of One-bed/One-bath. The property was built in 1981. The house in front #345 is rented for $2,500.00 per month. Second unit is a loft #347 rents for $2,800.00 per month. Rear unit #349 rents for $1,623.00 per month. Rents are well below market. This triplex is perfectly situated, just blocks away from Venice Beach and Boardwalk. Close to great restaurants, shops and schools. * Strong rental market * Tremendous upside with options for value-add/or re-development opportunities.* ALL UNITS VACANT at COE.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-01T19:30:38.8. 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/96716722

    345 5TH Avenue Venice, CA 90291

    • Price: $2,550,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 19486864
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1981
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    100% VACANT AT CLOSE OF ESCROW!!! PRICE REDUCTION! SELLER IS MOTIVATED!!! Beautiful Triplex located in highly sought after Venice. 345 - 349 5th Ave offers 3 uniquely designed and separate units. All units consist of One-bed/One-bath. The property was built in 1981. The house in front #345 is rented for $2,500.00 per month. Second unit is a loft #347 rents for $2,800.00 per month. Rear unit #349 rents for $1,623.00 per month. Rents are well below market. This triplex is perfectly situated, just blocks away from Venice Beach and Boardwalk. Close to great restaurants, shops and schools. * Strong rental market * Tremendous upside with options for value-add/or re-development opportunities.* ALL UNITS VACANT at COE.
    Exterior Features

    Parking Features Driveway Parking YN Yes

    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Gross Income 83076.00 Gross Multiplier 32.49 Gross Operating Income 66076.00 Insurance Expense 1250.00 Net Operating Income 64576.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 6923.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 720.00 Zoning Lard1.5

    Listing provided courtesy of Regina Madison of Bankers Realty Exclusive, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-01T19:30:38.8. 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.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009