848 Brooks Avenue

    Venice, CA 90291
    • $2,395,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: 20553302
    UPDATED: 31 min ago
    $2,395,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    Proud to present a Fully Entitled Small Lot Subdivision (SL) with Coastal Clearance to proceed. Two (2) New buildings 3 stories each on its on lot. Building sq footage 2,610 and 1,910 sq. feet respectively. Mellow Determination completed & no affordable units. Entitlements good for 2 more years and can be extended an additional 6 years with the City of LA for a minimal fee. One unit detached house (720 sq feet) rented for $3,500. The other house on Brooks is presently rented for $4,500 monthly. Great investment or owner-user. Build and sell one and keep the other or hold on the entitlements with extension as an option. There are many options for the buyer.

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    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/103143095

    848 Brooks Avenue Venice, CA 90291

    • Price: $2,395,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 20553302
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1953
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Proud to present a Fully Entitled Small Lot Subdivision (SL) with Coastal Clearance to proceed. Two (2) New buildings 3 stories each on its on lot. Building sq footage 2,610 and 1,910 sq. feet respectively. Mellow Determination completed & no affordable units. Entitlements good for 2 more years and can be extended an additional 6 years with the City of LA for a minimal fee. One unit detached house (720 sq feet) rented for $3,500. The other house on Brooks is presently rented for $4,500 monthly. Great investment or owner-user. Build and sell one and keep the other or hold on the entitlements with extension as an option. There are many options for the buyer.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Gross Income 96000.00 Gross Multiplier 0.00 Gross Operating Income 96000.00 Net Operating Income 81600.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Lard1.5

    Listing provided courtesy of Louis Perez of Tradewind Realty


    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.

     
    The Houston Team | Compass CA DRE#01991628
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    Carlsbad CA, 92009