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728 Vernon Avenue, Venice, CA 90291

5 Bed, 4 Bath Multi-Family Home For Sale

728 Vernon Avenue, Venice, CA 90291 House For Sale - MLS #19468514
$2,250,000
5
4
Multi-Family
4 Family
This listing is courtesy of Christopher Shahinian from Central Realty Advisors Inc.

Property Description for 728 Vernon Avenue, Venice, CA 90291

CALL FOR OFFERS 6/6/2019 AT 5PM!! VACANT 4PLEX - Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The property was built in 1952, features on-site parking, storage, and room to create private patios. This is an extremely rare opportunity for an investor to acquire a 100% VACANT building in a prime submarket of Los Angeles and reposition this asset to a ~7% Cap Rate. The unit mix consists of 1 two-bedroom/one-bathroom Home, and 3 one- bedroom/one-bathroom apartments. Property needs extensive work, is a FIXER, and is being sold strictly As-Is. Call for Showing instructions - CALL FOR OFFERS 6/3/2019!

Interior Details

2,766 sq. ft.
$813.45/sq. ft.
Other

Exterior Details

0.11 acres
4,802 sq. ft.
6 Garage Spaces
7

Other Details

19468514
1952

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $6,000     

Unit #2
Bedrooms: 1      Full / Half Baths: 1      Rent: $3,600     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $3,600     

Unit #4
Bedrooms: 1      Full / Half Baths: 1      Rent: $3,600     

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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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