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    2006 Strongs Drive

    Venice, CA 90291
    • $3,395,000
    • STATUS: Active
    • ON SITE: 9 Days
    • ID#: PW21213443
    UPDATED: 45 min ago
    $3,395,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    Investors/developers-dont miss this amazing multifamily property opportunity mere blocks from Venice Beach! Enjoy great rental income from 6 DETACHED 1-bed 1-bath Craftsman cottages on a prime lot near it all. Charming residential units feature bright, airy interiors with large living spaces, eat-in kitchens with built-in breakfast nooks, and hardwood floors. 4 of the 6 have stackable washer-dryers; the other 2 have hookups. A shared courtyard with secure entry & semi-private patios for each unit provide outdoor space for residents. Generate income or tear down & build, lots of possibilities. Located in the heart of Venice near shopping & dining, just a 3 minute walk to the beach & Venice Canals, and a half mile to Abbot Kinney. Units are individually metered. 2 cottages will be delivered vacant for Buyer's convenience. Drive by only. DO NOT DISTURB TENANTS. SHOWINGS WITH ACCEPTED OFFER. Sale is subject to a 1031 exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122163545
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    2006 Strongs Drive Venice, CA 90291

    • Price: $3,395,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW21213443
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1923
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Investors/developers-dont miss this amazing multifamily property opportunity mere blocks from Venice Beach! Enjoy great rental income from 6 DETACHED 1-bed 1-bath Craftsman cottages on a prime lot near it all. Charming residential units feature bright, airy interiors with large living spaces, eat-in kitchens with built-in breakfast nooks, and hardwood floors. 4 of the 6 have stackable washer-dryers; the other 2 have hookups. A shared courtyard with secure entry & semi-private patios for each unit provide outdoor space for residents. Generate income or tear down & build, lots of possibilities. Located in the heart of Venice near shopping & dining, just a 3 minute walk to the beach & Venice Canals, and a half mile to Abbot Kinney. Units are individually metered. 2 cottages will be delivered vacant for Buyer's convenience. Drive by only. DO NOT DISTURB TENANTS. SHOWINGS WITH ACCEPTED OFFER. Sale is subject to a 1031 exchange.
    Exterior Features

    Architectural Style Cottage Lot Features Near ParkNear Public TransitRectangular Lot Number Of Separate Electric Meters 6 Parking Features On Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Waterfront Features Across The Road From Lake/OceanBeach AccessOcean Access

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 4 Common Interest Community Apartment Community Features Storm Drain(S)Street LightsSidewalksPark Contingency Seller Will Need A 1031 Exchange Exclusions Tenant's Personal Property Garage YN No Gross Income 147316 Gross Scheduled Income 147316 Insurance Expense 2929 Land Lease YN No Laundry Features See RemarksStacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 137402 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Operating Expense 9914 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Elizabeth Altuna of The Address, Inc. and Manuel Galvan of Chris Walter Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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