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    1025 Pleasantview Ave

    Venice, CA 90291
    • $1,899,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20-622614
    UPDATED: 17 min ago
    $1,899,000
    • 6
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,801
      SQFT
    • $678
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    VACANT FIXER!! Year-One +7.76% Cap Rate! Located on a quiet, tree lined street in prime Venice Beach location, WEST of Lincoln Blvd! The upper floor contains (2) two-bedroom/one-bath units. The downstairs was originally built as one large Owners Unit, and was converted into (2) one-bedroom/one-bath units many years ago. 9A report shows 3 units. The property features Spanish-tiled roofing, patios/balconies for all units, and 4 separate parking spaces. Built in 1977, the complex is ready to be renovated to draw in tech professionals as it is less than a 5-minute drive to Buzzfeed and Google's Venice Headquarters. The property sits a mile away from the Venice Grand Canals, is a 5-minute drive to the famed Venice Beach Boardwalk and pristine ocean front, and is two blocks from shops on Lincoln Blvd!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T18:42:26.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109282256
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    1025 Pleasantview Ave Venice, CA 90291

    • Price: $1,899,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 20-622614
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,801
    SQFT
    $678
    $/SQFT
    1977
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    VACANT FIXER!! Year-One +7.76% Cap Rate! Located on a quiet, tree lined street in prime Venice Beach location, WEST of Lincoln Blvd! The upper floor contains (2) two-bedroom/one-bath units. The downstairs was originally built as one large Owners Unit, and was converted into (2) one-bedroom/one-bath units many years ago. 9A report shows 3 units. The property features Spanish-tiled roofing, patios/balconies for all units, and 4 separate parking spaces. Built in 1977, the complex is ready to be renovated to draw in tech professionals as it is less than a 5-minute drive to Buzzfeed and Google's Venice Headquarters. The property sits a mile away from the Venice Grand Canals, is a 5-minute drive to the famed Venice Beach Boardwalk and pristine ocean front, and is two blocks from shops on Lincoln Blvd!
    Exterior Features

    Lot Size Area 4179 Other Structures Other Parking Garage Other Total Parking 4

    Interior Features

    Baths Total 5.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 63112 Gross Income 188550 Gross Operating Income 188550 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 147299.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 41251 Type Of Units Apartments Year Built Source Other Zoning Lard1.5

    Listing provided courtesy of Christopher Shahinian DRE#01971377 of Central Realty Advisors Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T18:42:26.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377