2418 Pacific Ave - Multi-Family FOR SALE


Venice, CA 90291
$2,150,000 USD
310-561-2384
2418 Pacific Ave, Venice, CA for Sale
$2,150,000 USD
Multi-Family - FOR SALE
1/9
null | 4.68% Cap Rate

2418 Pacific Ave
Venice, CA 90291


HIGHLIGHTS

  • Can be sold with an identical 4-plex next door at 2420 Pacific Ave.
  • Located off Venice Canal Walk Streets, with Venice Beach Just Seconds Away.
  • Studio Unit Will be Delivered Vacant.
  • The Building Features 6 Carport Parking Spaces and a Patio/Deck for 3/4 of the units, Making it easy to Find Tenants and Achieve Premium Rents.
  • The Property is Low Maintenance With Select Units Renovated, Copper Plumbing, and a Relatively New Roof.
  • Ideal for an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.

OVERVIEW

For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$766 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

4.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4227-004-038

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.