$2,200,000
2418 Pacific Avenue, Venice 90291
5
Beds
5
Baths
2,755
Lot Size
4
# Of Units
Listing Agent
Cameron Samimi - Lyon Stahl Investment Real Estate, Inc.For the first time in nearly three 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 owner-occupant 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 4.62% cap rate and 15.36 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 one 3-br/2-ba unit with a patio and 2 parking spaces, one 2-br/1-ba unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. 2418 Pacific Ave will be delivered with two vacant units, a vacant 2-bedroom and a vacant studio, both of which are situated on the same level, providing an owner occupant the opportunity to combine them into a single, larger space. 2420 Pacific Ave will be delivered fully occupied and is generating 151,000 in rental income.
Facts & Features
MLS® # | SB24081257 |
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Price | $2,200,000 |
Bedrooms | 5 |
Bathrooms | 5.00 |
Lot Size | 2,755 |
Year Built | 1965 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
# Of Units | 4 |
Community Information
Address | 2418 Pacific Avenue |
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Area | C11 - Venice |
City | Venice |
County | Los Angeles |
Zip Code | 90291 |
Amenities
Parking Spaces | 6 |
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Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Exterior
Lot Description | 0-1 Unit/Acre |
---|
Additional Information
Date Listed | April 23rd, 2024 |
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Days on Market | 17 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Cameron Samimi |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |