354 4th Avenue is a modern and tastefully renovated 15-unit courtyard complex located a short walk from Venice Beach and Abbot Kinney. Residing 1 block south of Rose Ave. and 2 blocks east of Main St, this investment property's strategic location offers the quintessential SoCal lifestyle, located near an array of highly-acclaimed entertainment/dining options and convenient access to employment hubs throughout Silicon Beach. In addition to an attractive location in a premier beachside rental market, this value-add property offers approx. 33% rental upside based on renovated units in the building. Please note, 10 of the 15 units have been tastefully renovated to include quartz countertops, an LED lighting package, copper plumbing, new wiring and panels, and a black window package. Property amenities include a new roof, controlled access, a beautifully landscaped community courtyard and approx. 24 covered parking spaces. 354 4th Ave presents investors with the opportunity to acquire an outstanding multifamily asset, with significant financial upside, in a premier beach community offering unparalleled metropolitan amenities.
- Price:
- $9,750,000
- Bedrooms:
- 31
- Square Footage:
- 11,958
- Acreage:
- 0.26
- Year Built:
- 1964
- Listing ID #:
- 23-232949
- Street Address:
- 354 4th Ave
- City:
- Venice
- State:
- California
- Postal Code:
- 90291
- County:
- Los Angeles
- Community:
- Venice
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Building Security:
- Card/Code Access
- Flooring:
- Wood Laminate
- Number Of Units:
- 15
- Stories:
- 2
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 11958
- Year Built:
- 1964
- Gross Income:
- 537646
- Net Operating Income:
- 333350.00
- Conforms To Zoning:
- Lar4
- Lot Square Footage:
- 11528
- Days On Market:
- 71
- Property Disclosures:
- As Is
- Price Per Square Foot:
- 815.35
- Parking Description:
- Covered Parking, Side By Side
- Parking Spaces:
- 24
- Cooling System:
- Ceiling Fan
- Equipment:
- Built-Ins, Cable, Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
- Heating:
- Central
- Laundry:
- Community
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Kenny Stevens of Compass
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