2418 Pacific Avenue Active Save Request In-Person Tour Request Virtual Tour
Venice (los Angeles),CA 90291
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,802 sqft
Price per Sqft $767
MLS Listing ID CRSB24081257
HOA Y/N No
Year Built 1965
Lot Size 2,755 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
Building
Water Public