$3,460,000
$3,595,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
21 S Venice Blvd Venice, CA 90291
5 Beds
6 Baths
3,567 SqFt
Key Details
Sold Price $3,460,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,567 sqft
Price per Sqft $970
MLS Listing ID 21-776210
Sold Date 01/06/22
Bedrooms 5
Year Built 1964
Lot Size 3,961 Sqft
Acres 0.0909
Property Sub-Type Multi-Family
Property Description
Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. All units are remodeled and delivered fully furnished. All units are being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control. Cap rate 4.2 GRM 17 at current rents. Cap 4.6 and GRM 16 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.
Location
State CA
County Los Angeles
Area Venice
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Dishwasher
Exterior
Parking Features Uncovered
Garage Spaces 5.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass