705 Brooks Avenue

    Venice, CA 90291
    • $2,549,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 18403570
    $2,549,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,958
      SQFT
    • $862
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:
    Area:

    School Ratings & Info

    Description

    Remodeled Venice triplex in the heart of Venice in a gated charming compound perfect for owner user or investor. Charming 1920 remodeled 2 Bd 1 Ba house w/ new kitchen, granite counters and new appliances with private front yard. 2 New York style 2 bd 2 ba lofts with private decks. Unique spiral staircases lead to upper bedroom loft and views of the Santa Monica mountains. All units and front house are vacant making this a very unique property for either owner/user or as an income property with $190,000 year potential income. An additional 4th non-confirming 2 bd 1 ba unit with potential to convert to legal rental unit. Ample parking for 8 cars and located blocks from Trendy Rose Ave and Abbott Kinney plus walking distance to Whole Foods. Move in front house and have rear 3 units pay for the mortgage. Great Income building with a cap of 5.6 with 4th unit rented. Zoned RD 1.5

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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.fredsedgroup.com/homes/89119134

    705 Brooks Avenue Venice, CA 90291

    • Price: $2,549,000
    • Status: Active
    • ID#: 18403570
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,958
    SQFT
    $862
    $/SQFT
    1927
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Remodeled Venice triplex in the heart of Venice in a gated charming compound perfect for owner user or investor. Charming 1920 remodeled 2 Bd 1 Ba house w/ new kitchen, granite counters and new appliances with private front yard. 2 New York style 2 bd 2 ba lofts with private decks. Unique spiral staircases lead to upper bedroom loft and views of the Santa Monica mountains. All units and front house are vacant making this a very unique property for either owner/user or as an income property with $190,000 year potential income. An additional 4th non-confirming 2 bd 1 ba unit with potential to convert to legal rental unit. Ample parking for 8 cars and located blocks from Trendy Rose Ave and Abbott Kinney plus walking distance to Whole Foods. Move in front house and have rear 3 units pay for the mortgage. Great Income building with a cap of 5.6 with 4th unit rented. Zoned RD 1.5
    Exterior Features

    Architectural Style Spanish Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Attached Parking YN Yes View Mountain View YN Yes

    Interior Features

    Cooling None Cooling YN No Fireplace Features Decorative Fireplace YN Yes Laundry Features Dryer IncludedWasher IncludedCommunity Room Type Living RoomLoft

    Property Features

    Cap Rate 5.60 Gross Multiplier 14.00 Gross Operating Income 180000.00 Improvements Amount 73800 Land Value 191033 Laundry YN Yes Net Operating Income 142200.00 Special Listing Conditions Standard Total Expenses 37800.00 Zoning Lard1.5

    Listing provided courtesy of James Allan of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604