2403 Louella Avenue, Venice, CA 90291
- $2,495,000
- List Price
- $2,495,000
- Price Change
- ▼ $200,000 1778283397
- Status
- ACTIVE
- MLS#
- CV25215931
- Year Built
- 1950
- Lot Size
- 5,858
- Acres
- 0.13
- Lot Location
- Back Yard, Corner Lot, Drip Irrigation/Bubblers, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level, Walkstreet
- Days on Market
- 305
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Mixed Use
- Stories
- One Level, Two Levels
Property Description
This property is located along Venice Blvd and features 5 units including a large 2 bedroom/1 bath owners unit with private patio. All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc. Several units include patio's or balconies. Added value with below market rents make this investment very attractive. Increase revenue by leasing out the garage spaces and increasing the rents. Also, there is an on-site laundry room for tenants to use. This property has an ideal location in the heart of Silicon Beach’s “Tech Hub” with close proximity to major employers (Snap Inc., Google, System1, Headspace, and more. Less than a mile away from the famous Venice Beach & Boardwalk and in close proximity to other well-known surrounding amenities and locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier. The submarket median home values are expected to increase by approximately 12% in the next 5 years. Adjacent to Culver City, Marina Del Rey, and Santa Monica. Easy access to public transportation and near the 10 and 405 Freeways. This property is only 7 miles away from Los Angeles Airport (LAX) and 2.5 miles away from Santa Monica Airport. In addition, the subject property is 4.5 miles away from West Los Angeles College (WLAC) and 8 miles away from UCLA.
Additional Information
- Appliances
- Free-Standing Range, Freezer, Gas Cooktop, Disposal, Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Neighborhood
- Exterior Construction
- Frame, Concrete, Stucco
- Roof
- Composition, Flat, Tar/Gravel
- Garage Spaces Total
- 4
- Sewer
- Public Sewer, Sewer Tap Paid
- Water
- Public
- Interior Features
- Ceiling Fan(s), Recessed Lighting
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $150,800
- Operating Expense
- 48400
Listing courtesy of Listing Agent: Eric Eide (jericeide@gmail.com) from Listing Office: RE/MAX MASTERS REALTY.
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