See Home Value
$11,227,301*
Multifamily - Off Market

354 4TH AVE

VENICE, CA 90291
bedrooms
Studio
bathrooms
0 Bath
square feet
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
31 Beds
-
-
$9,750,000 Jan 16, 2023
-
-
House
4 Beds
3.5 Baths
3,848 ft²
$2,456/ft²
$9,450,000 Oct 5, 2022
-
-
House
3 Beds
5 Baths
3,414 ft²
$2,342/ft²
$7,995,000 Sep 23, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200211
02/11/2020
Studio
-
11958 ft²
$9,150,000
bedrooms
Studio
bathrooms
-
square feet
11958 ft²
-
-
-
-

Building Info

354 4th Avenue 354 4th Avenue, Venice, CA 90291
  • 1 Unit for Sale
More about this Building
354 4th Avenue
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About West Los Angeles


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