Address
354 4TH Avenue Venice, CA
Price
$ 8,750,000
Property Attributes
  • MLS#0020550964
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 8,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Compass
Property Description

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 47% below market value.

Price History
9/16/2020 Listed $8,750,000

General Features

Additional Parcels Y/N No
Heating Central
MLS Area C11 - Venice
Parking Features Tandem Garage, Covered
Senior Community Y/N No
Zoning LAR4

Interior Features

Heating Y/N Yes
Kitchen Appliances Dishwasher, Refrigerator
Total Stories 2

Exterior Features

Land Lease Type Fee
Lot Size Acres 0.26
Lot Size Area 11528.0
Lot Size Square Feet 11528.0
Lot Size Units Square Feet
Numberofunitsbuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90291

Price
AVG $3.27M
$8.75M
Visits
AVG 35
3
Year Built
AVG 1950
1964
Walkscore
AVG 91
91
Data Provided by Walkscore ® not using MLS data

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