828 E Venice Blvd - Apartments FOR SALE


Venice, CA 90291
$3,499,000 USD
310-863-3034
828 E Venice Blvd, Venice, CA for Sale
$3,499,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

828 E Venice Blvd
Venice, CA 90291


HIGHLIGHTS

  • RTI DEVELOPMENT OPPORTUNITY
  • CURRENTLY HIGHLY RENOVATED INCOME PRODUCING UNITS
  • EXCELLENT VENICE LOCATION CLOSE TO ABBOT KINNEY

OVERVIEW

RTI DEVELOPMENT OPPORTUNITY Income Producing RTI development opportunity-land, entitlements and READY TO ISSUE (RTI) plans for an approximately 9,000 sq ft ultra modern apartment building. The planned 9-unit mix includes 8 (2 bedroom 2 bath) units and 1 (1 bedroom 2.5 bathroom) unit. The plans also include 2 additional single ADU units that can be legalized after certificate of occupancy is issued for a total of 11 rentable units. EXISTING INVESTMENT/INCOME OPPORTUNITY. The existing 3 renovated and upgraded units (see photos) have a net opporating income over $150,000 providing income until you are ready to build. Proposed project to on a highly visable corner lot with nearly 115' of frontage along Venice Blvd between Abbot Kinney and Lincoln Blvd.

FOR SALE DETAILS

PRICE

$3,499,000 USD

PRICE/SF

$1,127 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,166,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

LAR3

APN/PARCEL ID

4237-009-028

ASK ABOUT THIS PROPERTY

Jesper InglisColdwell Banker Commercial RealtyMore Info
310-863-3034

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

Jesper InglisColdwell Banker Commercial RealtyMore Info
310-863-3034

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