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$ 6,695,000
Est. payment | /mo
12 Beds
15 Baths
7,068 SqFt
$ 6,695,000
Est. payment | /mo
12 Beds
15 Baths
7,068 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,068 sqft
Price per Sqft $947
MLS Listing ID 24415065
Bedrooms 12
HOA Y/N No
Year Built 2010
Lot Size 5,989 Sqft
Property Description
Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 2 blocks from the Ocean and minutes from famous Abbott Kinney, Marina Del Rey, Venice boardwalk and all the best Restaurants/hotspots Venice has to offer. Front 3 Story Home boasts sweeping Views of the Venice Canals and Santa Monica mountains from every level. 4BR l 4.5BA Owners unit has private elevator, front lush private garden with decks on every level, perfect for entertaining. Beautiful open chefs kitchen with Island, custom cabinets, Travertine counters, large pantry and Stainless-steel appliances throughout opening up to the Canal front garden through French doors perfect for a large Family and entertaining. Large open Living room and dining area with fireplace. Second and third levels have 2 Master suites with spacious walk-in closets, Luxurious Master bathrooms, Seating area and fireplace lead to private decks through sliding doors each with Fantastic Views down the Venice canals. Other 4 Units all comparably appointed consisting of 2x 3BR l 3BA units, and 2x 1BR l 1.5BA units. All with central A/C, heat and fireplaces. Current Gross Income of $422,400/year and Cap Rate of 4.55. Professionally managed currently, perfect owner/user.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARW1
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Dryer
Exterior
Parking Features Door-Multi, Garage
Waterfront Description Canal Front
View Y/N Yes
View Canal, City Lights, Coastline, Canyon
Attached Garage Yes
Total Parking Spaces 10
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4227018033
Special Listing Condition Standard
Listed by James Allan • Compass