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667 Brooks Avenue, Venice, CA 90291

6 Bed, 3+ Bath Multi-Family Home For Sale

667 Brooks Avenue, Venice, CA 90291 House For Sale - MLS #17288026
Off the Market
$2,499,000
6
3 Full Bath, 2 Half Bath
Multi-Family
3 Family
This listing is courtesy of James Allan from Coldwell Banker Residential Brokerage.

Property Description for 667 Brooks Avenue, Venice, CA 90291

Charming 1920's Spanish Home with two Tri-level contemporary 1990 townhouses located in the rear not subject to rent control located in a gated compound with parking for 6 cars. Surrounded by multimillion $ homes and just a few blocks from Trendy Rose Ave and Abbott Kinney. Townhouses have total privacy from front houses and perfect for work/live artistic space with high ceilings, plenty of light and large patio located off living room. Urban/chic interior materials, hardwood floors and fireplace in living room. Ground level bedroom and loft area with bathroom overlooking the living room. Both townhouses are vacant. Front house has coved ceilings and lots of 1920's detail and charm. Breakfast nook/room, Hardwood floors throughout, pantry, private garden/patio area. With front house at market rent CAP rate is 4.44 and GRM of 16. Currently rented on month to month. Live in one townhouse and rent out the other or rent out the whole property with a potential of $160,000 yearly.

Interior Details

3,550 sq. ft.
$703.94/sq. ft.

Exterior Details

0.12 acres
5,280 sq. ft.
6

Other Details

17288026
1926

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $2,300     

Unit #2
Bedrooms: 2      Full / Half Baths: 1 / 1      Rent: $4,000     

Unit #3
Bedrooms: 2      Full / Half Baths: 1 / 1      Rent: $4,000     

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Monthly Mortgage Payments

$11,351
$15,810

Town Description

Venice of America was founded by tobacco millionaire Abbot Kinney in 1905 as a beach resort town, 14 miles (23 km) west of Los Angeles. He and his partner Francis Ryan had bought two miles (3.24 km)...

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