2418 Pacific Avenue Venice, CA 90291
Listing Courtesy of: San Diego, CA MLS / Lyon Stahl Investment Real Estate, Inc.

  2418 Pacific Avenue Venice, CA 90291

Active (232 Days)
$2,150,000
5
BED
5
BATH

Description

For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave. For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.

MLS #:
306153943
Lot Size
2,755 SQFT
Type
Multifamily
County
Los Angeles County

Listed By

Realtor Dotcom, Lyon Stahl Investment Real Estate, Inc.
Source
San Diego, CA MLS
Last checked Dec 11 2024 at 10:24 AM PST
Bathroom Details
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 17, 2024
Price Changed
$2,150,000
-1%
-25,000
Jun 06, 2024
Price Changed
$2,175,000
-1%
-25,000
Apr 23, 2024
Original Price
$2,200,000
-
-
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