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2418 Pacific Ave
Venice, CA 90291

$2,150,000 USD

Multifamily For Sale  •  2,807 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,807 SF
  • Year Built 1965
  • Cap Rate 4.68 %
54 Transit Score
90 Walk Score

Highlights

Can be sold with an identical 4-plex next door at 2420 Pacific Ave.
Located off Venice Canal Walk Streets, with Venice Beach Just Seconds Away.
Studio Unit Will be Delivered Vacant.
The Building Features 6 Carport Parking Spaces and a Patio/Deck for 3/4 of the units, Making it easy to Find Tenants and Achieve Premium Rents.
The Property is Low Maintenance With Select Units Renovated, Copper Plumbing, and a Relatively New Roof.
Ideal for an Owner-Occupant Seeking to Offset Their Mortgage with Rental Income or an Investor Looking to Utilize Residential Financing with 75% LTV.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $100,537 USD (2023)
Cap Rate: 4.68 %
Total Expenses: $36,617 USD

Public Transportation

AirportDriveWalkDistance
Los Angeles International 14 min - 7.1 mi
Bob Hope 37 min - 24.5 mi
Long Beach (Daugherty Field) 36 min - 26.4 mi
David Messiah 310-561-2384 Lyon Stahl Investment Real Estate
David Messiah 310-561-2384 Lyon Stahl Investment Real Estate