$2,150,000
2418 Pacific AVE Venice, CA 90291
14
See all 14 photos
$2,150,000
Est. payment /mo
2,752 Sqft Lot
Active
2418 Pacific AVE Venice, CA 90291
UPDATED:
11/21/2024 01:21 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24081257
HOA Y/N No
Year Built 1965
Lot Size 2,752 Sqft
Property Description
For the first time in nearly five decades, 2418 Pacific
Ave is now on the market. The sellers own an identical
4-plex next door at 2420 Pacific and are open to offers
on both properties, either together or separately.
These exceptional A-Class Venice assets are on the
walk streets of the Venice Canals and are mere
seconds from the beach. This offering presents an
outstanding opportunity for an investor or owneroccupant
to acquire a trophy asset in a highly
desirable area of Venice Beach. The building boasts
strong in-place rents and is being offered at a 4.68%
cap rate and 15.21 GRM. With parking and outdoor
space available for 3 out of 4 units, a buyer will have
ease when renting, minimizing vacancy loss.
Each property is a 2,802 square feet 4-unit building on
a 2,755-square foot lot. They feature on 3bed/2bath
unit with a patio and 2 parking spaces, one
2bed/1bath unit with a large back deck and 2 parking
spaces, and 2 studio units with one parking space
each and a patio. Reach out for more information
regarding 2420 Pacific Ave.
Ave is now on the market. The sellers own an identical
4-plex next door at 2420 Pacific and are open to offers
on both properties, either together or separately.
These exceptional A-Class Venice assets are on the
walk streets of the Venice Canals and are mere
seconds from the beach. This offering presents an
outstanding opportunity for an investor or owneroccupant
to acquire a trophy asset in a highly
desirable area of Venice Beach. The building boasts
strong in-place rents and is being offered at a 4.68%
cap rate and 15.21 GRM. With parking and outdoor
space available for 3 out of 4 units, a buyer will have
ease when renting, minimizing vacancy loss.
Each property is a 2,802 square feet 4-unit building on
a 2,755-square foot lot. They feature on 3bed/2bath
unit with a patio and 2 parking spaces, one
2bed/1bath unit with a large back deck and 2 parking
spaces, and 2 studio units with one parking space
each and a patio. Reach out for more information
regarding 2420 Pacific Ave.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4227004038
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
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