315 Vernon Ave - Apartments FOR SALE


Venice, CA 90291
$5,400,000 USD
310-940-8749
315 Vernon Ave, Venice, CA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/19
null | 4.6% Cap Rate

315 Vernon Ave
Venice, CA 90291


HIGHLIGHTS

  • Craftsman bungalow compound, featuring 6 units on a 12,008 SF resort-like lot, blocks from Abbot Kinney & 0.5 miles from Venice Beach
  • 12,008 SF expansive resort-style lot with communal outdoor areas, manicured gardens, lush foliage, firepits, and tall mature trees
  • Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist
  • Classic Hollywood Golden era accents include deep green colored cabinets, brass hardware, subway tiles in the kitchen and bathroom, and bay windows.
  • Interiors were upgraded with hardwood floors, stainless-steel appliances, wall A/C and heating units, and an in-unit washer and dryer
  • Villas of Venice is a part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations

OVERVIEW

***3rd Price Reduction - $750,000 from originially listed price *** The Villas of Venice are an eclectic collection of 6 Craftsman bungalows built in 1906 & 1922 that were masterfully restored to their original charm. Set on an idyllic resort-like lot, the Villas of Venice create a private hideaway yet located steps from Venice Beach and Abbot Kinney Blvd. Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist. Classic Hollywood Golden era accents including deep green colored cabinets, brass hardware, and a Hollywood Regency style chandelier add a true retro glamour factor to one of the restored kitchens. The extensive use of subway tiles in kitchens and baths creates a retro vibe for today. Breakfast nooks and window seats make these the perfect casual beach bungalows. Each bright and spacious unit features hardwood floors, exposed beams, and ornate detailing in the kitchen and bathroom. Unit interiors include stainless steel appliances, central A/C, and heat, and in-unit washer and dryer. Shared outdoor living space creates community here. The Villas of Venice is part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations. Please contact Kenny Stevens and Alyson Richards for more information.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$1,119 USD /SF

# OF UNITS

6

PRICE/UNIT

$900,000

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venice Bungalow Compound by Abbot Kinney Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,008 SF

ZONING

LARD1.5

APN/PARCEL ID

4286-007-006

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-940-8749

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Kenny StevensCompassMore Info
310-940-8749

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