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Map
$11,227,301*
●
Multifamily -
Off Market
354 4TH AVE
VENICE, CA 90291
Studio
0 Bath
11958 Sqft
$7,808,000 - $9,542,000
Reference Base Price*
29.42%
Since Feb 1, 2021
CA-Los Angeles
Primary Model
About This Property
Located on a larger corner lot walking distance to the beach - one
block South of Rose Ave. and two blocks east of Main St. The
property features lots of outdoor space with a large community
courtyard and has achieved 95%+ rent collections throughout the
pandemic. The almost 12,000 sq. ft. two-story building is comprised
of (1) three-bedroom and one-bath townhouse, (1) two-bedroom and
one-bath townhouse, (2) three-bedroom and two-bath units, (9)
two-bedroom and one-bath units and (2) one-bedroom and one-bath
units. 7 out of 15 units have been remodeled to include quartz
countertops, stainless steel Frigidaire appliances, soft-close
custom cabinets, LED lighting package, copper plumbing, and a
custom black window package. Additionally, 354 4th Avenue features
secured entry and approximately 24 covered parking spaces.
Remodeled units are achieving market rents, which present a
significant value-add opportunity to investors, as current rents
are approximately 33% below market value.
Unit Size
11,958Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$725
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1964
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 2, 2021 | No longer available | - | |
No longer available | |||
Nov 12, 2020 | Price Decreased |
$8,675,000
↓ $75K
(0.9%)
|
|
Price Decreased | |||
Sep 17, 2020 | Price Decreased |
$8,750,000
↓ $245K
(2.7%)
|
|
Price Decreased | |||
Jul 21, 2020 | Price Decreased |
$8,995,000
↓ $155K
(1.7%)
|
|
Price Decreased | |||
Feb 11, 2020 | Listed | $9,150,000 | |
Listed |
Property Highlights
Parking Available
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/11/2020
|
|
Studio
|
-
|
11958 ft²
|
$9,150,000
Studio
-
11958 ft²
|
-
-
|
-
|
-
|