310-780-5357
101 Dudley Ave, Venice, CA for Sale
Apartments - FOR SALE
1/16
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101 Dudley Ave
Venice, CA 90291


HIGHLIGHTS

  • Trophy Iconic Venice Property - Just steps from the beach and a short walk to Main St
  • Value-add with 25% upside in rents through renovation/remodel of units
  • 11 parking spaces - generating additional income
  • Tremendous walk-score of 92 and bike score of 95

OVERVIEW

IREA is proud to exclusively offer 101 Dudley Ave. Currently unpriced, 101 Dudley Ave is one of Venice’s most iconic buildings and has been a Venice mainstay since its inception in 1914. A highly visible property on Pacific Avenue, the property is a premier Venice location just steps from The World-Famous Venice Beach & Boardwalk. Dudley Avenue itself is actually a public footpath designed for convenient beach access. Altogether, the property is 29-units, 22 of which are guest-rooms with common area bathrooms which lock for privacy and are kept clean by property management and the balanced is comprised of six studios and one 1 bedroom/1 bath unit.. The property also features 11 surface parking spaces (a luxury for the area), all of which collect additional income. Given the ideal location and unit-mix, there’s unique optionality in targeting long or short-term rentals. The property features on-site laundry, entry courtyard, and is a secured access building. Buyer to verify all info. This is a rare opportunity to acquire Venice history. The property is well-located in one of the most celebrated and coveted locations in the country. There’s no short-age of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by Main Street, Abbot Kinney, and Rose Avenue – all within a short walk. Google Venice, home to 500 employees, is within one block. The property is at the center of everything Venice. Adjacent neighbor-hoods include Santa Monica and Silicon Beach.

FOR SALE DETAILS

PRICE

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# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3-1

APN/PARCEL ID

4286-016-046

ASK ABOUT THIS PROPERTY

310-780-5357

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310-780-5357

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