Property Details.

Price $2,400,000

Year Built 1962

# of Units 4

Price P/ Unit $600,000

Sq. ft. 2,274 SF

Current Cap Rate 4.10%

Proforma Cap Rate 4.10%

Lot Size 2,698

Zoning LARD 1.5-1

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24 Breeze Avenue
Venice, CA 90291

About The Property

24 Breeze Avenue, a rare four-unit investment opportunity in prime Venice, located less than half a block from the beach. Situated just off of Pacific Avenue, the subject property is comprised of (2) two-bedroom and two-bath units, (1) one-bedroom and one-bath unit and (1) single. Please note, one of the two-bedroom and two-bath units is a townhouse style unit that would be ideal for an owner/user. Additionally, the spacious one bedroom unit is master metered for gas; allowing the owner to increase rent by an additional 1% each year. 24 Breeze Avenue also features a spacious front yard common area with mature trees that serve as a perfect option for outdoor entertainment.

Well maintained by the current owner, all units have had luxurious amenity upgrades over time. The enhancements include marble or tile countertops, wood laminate floors or original hardwood floors, refinished deck, new roof and cooper plumbing.

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