2428 Ocean Ave - Multi-Family FOR SALE


Venice, CA 90291
$1,995,000 USD
310-993-7600
2428 Ocean Ave, Venice, CA for Sale
$1,995,000 USD
Multi-Family - FOR SALE
1/27
null | Request Cap Rate

2428 Ocean Ave
Venice, CA 90291


HIGHLIGHTS

  • Two large Two Bedroom Two Bath Units with a Den are Vacant. Perfect for an owner user
  • Prime Venice Location next to the canals. Extremely Walkable with a 10 Minute Walk to Abbot Kinney
  • Large Roof Top Deck
  • 4 Parking Space

OVERVIEW

We are excited to present an incredible triplex* for sale at 2426-2428 Ocean Ave, located in the highly sought-after Venice neighborhood. This property includes two spacious 2-bedroom, 2-bathroom units, each featuring a den/office and approximately 1,000 square feet of living space. Both units will be delivered vacant! Additionally, the property includes a converted garage unit at the rear, offering approximately 300 square feet of living space. Ocean Ave boasts a prime location, making it an ideal opportunity for an owner-user interested in occupying one or both of the two-bedroom units. Situated just 100 feet from the iconic Venice Canals and within a 10-minute walk to Abbott Kinney and Erewhon, the property is nestled in an exceptionally charming neighborhood. Unit 2428 Ocean Ave is a beautifully renovated, single-level unit featuring 2 bedrooms, 2 baths, and a versatile den/office space. It also includes an in-unit washer and dryer and is separately metered for gas and electricity. The estimated market rent for this unit is $5,000 per month. Unit 2426 Ocean Ave, located upstairs, is also renovated and offers 2 bedrooms, 2 baths, and a den/office, along with the added benefit of a private rooftop deck. The estimated market rent for this unit is $5,500 per month. Both units (2426 and 2428) come with two tandem parking spaces, accommodating a total of four vehicles. Unit 2426 ½ is a garage that was legally converted to a recreational room, not as a unit, and is currently rented for $2,000 per month. Buyers are encouraged to conduct their own due diligence regarding the potential legalization of this space as an Accessory Dwelling Unit (ADU). This property is a rare find and is expected to sell quickly. With its unbeatable location, two vacant and renovated units, converted garage and ample parking, it's an opportunity you don't want to miss!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$974 USD /SF

# OF UNITS

3

PRICE/UNIT

$665,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Large Vacant Units | Prime Venice!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

LARD 1.5

APN/PARCEL ID

4228-004-023

ASK ABOUT THIS PROPERTY

Peter StraussIconic InvestmentsMore Info
310-993-7600

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Peter StraussIconic InvestmentsMore Info
310-993-7600

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