616 Vernon Ave - Apartments FOR SALE


Venice, CA 90291
$1,999,900 USD
310-433-0694
616 Vernon Ave, Venice, CA for Sale
$1,999,900 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

616 Vernon Ave
Venice, CA 90291


OVERVIEW

Searching for an incredible investment opportunity in a highly lucrative area? Enviably set in a tranquil Oakwood neighborhood, this gated multi-family property in Venice could be the amazing venture you're looking for! Five well-proportioned units are all occupied. Each abode features an open-concept main living area with large windows spilling abundant natural light throughout, illuminating the interior's crisp white tones and gorgeous wood-style flooring. Cooking is a breeze with the galley-style kitchen that graces every unit, equipping the culinary enthusiast with quality appliances, ample cabinetry, and sleek granite countertops. Comfortable bedrooms with generous closets await after a long day, accommodated by a refreshing bath with a shower/tub combo. Decorative railing on the second floor's overlooking walkway makes it an attractive spot for relaxing with morning coffee, while ground-level residences share a sun-kissed patio bordered by lush bamboo. A multi-car rear lot is available in addition to plentiful street parking. Its fantastic location puts you close to Pacific Coast Highway, the beaches, the Venice Boardwalk, the marina, and a wide array of shopping, dining, and entertainment options and activities. Grab this rare prospect before it slips away! All 5 units tenant occupied. To request a showing upload pre-approval and POF to https://BrokerMinded.com/showings and complete and submit the form. Indicate date/time you would like to show. The deadline for offers is Monday, December 9th at 10 am. No offers will be considered prior to the deadline. To submit an offer, upload the complete package to https://BrokerMinded.com/offers and complete and submit the form. Include C.A.R. Forms RIPA, PAPA, BRBC, BFPI, and Proof of Funds and pre-approval letter with your offer. No request for repairs will be considered.

FOR SALE DETAILS

PRICE

$1,999,900 USD

PRICE/SF

$511 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,980

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,800 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4239-003-008

ASK ABOUT THIS PROPERTY

Orit GadishGeffen Real EstateMore Info
310-433-0694

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Orit GadishGeffen Real EstateMore Info
310-433-0694

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