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$3,780,000 - $4,620,000
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Property -
Off Market
2508 Naples Ave
Venice, CA 90291
Studio
0 Bath
9268 Sqft
About This Property
Only $233K per door for prime Venice! We are pleased to present for
sale a generational multi-family portfolio on the famed Westside of
world-renowned Los Angeles. The 58 apartment units are spread
across two properties that have been owned by the same family for
six decades. The properties may be purchased individually or
collectively. The smaller of the assets comprises 18 units in a
single U-shaped structure at 2508 Naples Avenue in Venice, CA. The
property was built in 1949 and is located in the commercial heart
of Venice within the economic powerhouse of Silicon Beach. Situated
southwest of the intersection of Lincoln and Venice Boulevards
nestled among multimillion dollar single-family homes, 2508 Naples
is at the crossroads connecting the famous beachside community to
its Westside neighbors. Naples exudes charm from the inviting
courtyard and old-world second-floor catwalk to the well-laid out
interior floorplans. There is on-site parking for 11 cars with a
newly refurbished laundromat directly next door along Venice
Boulevard. The property has a newer roof as well as new electrical
subpanels and main breakers. The neighborhood of Venice is a
perennial favorite among both locals and out-of-town transplants.
From an investment standpoint, the portfolio offers significant
opportunity. Current rents at Naples average $2.73 per square foot
while prevailing market rents for renovated units are in the range
of $4.47 per square foot. This means a comprehensive rehabilitation
and renovation plan would yield the savvy investor enormous income
gains.
The manager has listed the unit size as 9268 square feet.
The manager has listed the unit size as 9268 square feet.
Unit Size
9,268Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$453
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1949
Price History
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
5.5
Baths
3,568 ft²
$1,107/ft²
$3,950,000
Aug 9, 2023
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-
In Contract
House
4
Beds
3.5
Baths
2,911 ft²
$1,304/ft²
$3,795,000
May 19, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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