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Listing Details

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On Site
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On Market
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MLS #
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Neighborhood
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Type
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School Ratings & Info

Description

239 3rd Avenue is a well-maintained fourplex on a large 6,435-square foot lot in Venice, California. This exclusive offering presents an excellent opportunity for an investor to acquire an asset with with over 46 percent rental upside in a sought-after coastal market within walking distance of the beach, world-class dining, shopping, and entertainment, and proximate to Silicon Beach tech employers such as the Google campus located just across the street. The propertys proximity to a wide array of retail and services have earned it a noteworthy WalkScore of 93.239 3rd Avenue is a 1953 construction with two two-bedroom/one-bath and two one-bedroom/one-bath units, all of which feature in-unit laundry and are separately metered for gas and electricity. The property also offers two two-car garages.An astute investor may want to explore ADU development potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/116218365
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239 3rd Avenue Venice, CA 90291

  • Price: $2,280,000
  • Status: Active
  • ID#: PW21080789
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Beds
0
Baths
0
½ Baths
0.15
Acres
1953
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
239 3rd Avenue is a well-maintained fourplex on a large 6,435-square foot lot in Venice, California. This exclusive offering presents an excellent opportunity for an investor to acquire an asset with with over 46 percent rental upside in a sought-after coastal market within walking distance of the beach, world-class dining, shopping, and entertainment, and proximate to Silicon Beach tech employers such as the Google campus located just across the street. The propertys proximity to a wide array of retail and services have earned it a noteworthy WalkScore of 93.239 3rd Avenue is a 1953 construction with two two-bedroom/one-bath and two one-bedroom/one-bath units, all of which feature in-unit laundry and are separately metered for gas and electricity. The property also offers two two-car garages.An astute investor may want to explore ADU development potential.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 98757 Gross Scheduled Income 98757 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 59826 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 35969 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard1.5

Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395