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Map
$2,025,000 - $2,475,000
●
Multifamily -
Off Market
515 Santa Clara Avenue
Venice, CA 90291
Studio
4 Baths
2268 Sqft
About This Property
This is the opportunity you've been waiting for. Location,
location, location - just a short distance to the famous Abbott
Kinney and some of the finest restaurants and coffee shops. This is
a beautifully landscaped income property consisting of 6 spacious
sun filled bungalow units with No LA Rent Control. The current cap
rate is 4.3% and with rent increases easily over 5%. Each units has
individual circuit breaker boxes in the apartment, updated
kitchens, bathrooms, flooring and water heaters. All 6 units have
private decks with the 2 front units having incredibly huge decks
within a private yard. The 2 middle units have newer mini split
hvac units. There is a garage consisting of 2 units and an
attached common laundry room. In the back of the property there is
also a barbeque and dining area. There is financing that can be
assumed, please inquire as to the specifics. The location of this
property makes it easy for groceries, coffee, dining and just
walking to the beach.
The manager has listed the unit size as 2268 square feet.
The manager has listed the unit size as 2268 square feet.
Unit Size
2,268Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$992
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1923
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 26, 2024 | No longer available | - | |
No longer available | |||
Jan 24, 2024 | Sold | $1,224,000 | |
Sold | |||
Nov 28, 2023 | Price Decreased |
$2,250,000
↓ $135K
(5.7%)
|
|
Price Decreased | |||
Nov 9, 2023 | Price Increased |
$2,385,000
↑ $90K
(3.9%)
|
|
Price Increased | |||
Sep 30, 2023 | Relisted | $2,295,000 | |
Relisted |
Show More
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Stucco
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
Active
Multifamily
4
Beds
3
Baths
1,512 ft²
$1,250/ft²
$1,890,000
Sep 13, 2023
-
-
Active
Townhouse
3
Beds
3
Baths
2,480 ft²
$963/ft²
$2,389,000
Sep 25, 2023
-
$550/mo
Active
Townhouse
3
Beds
3
Baths
2,830 ft²
$882/ft²
$2,495,000
Aug 10, 2023
-
$514/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/28/2023
|
|
Studio
|
-
|
-
|
$2,388,000
Studio
-
|
-
-
|
-
|
Tamra (Tami) Pardee
Pardee Properties
|
11/18/2020
|
|
Studio
|
-
|
-
|
$2,250,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
515 Santa Clara Avenue
515 Santa Clara Avenue, Venice, CA 90291
- 1 Unit for Sale