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412 Brooks Ave, Venice, CA 90291
$1,938,930
412 Brooks Ave, Venice, CA 90291View this property at 412 Brooks Ave, Venice, CA 90291
412 Brooks AveVeniceCA90291
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Property Description
We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of 445%, its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner-occupied buyer who wants to live in one of the units and collect rent on the other three. Furthermore, this property's zoning (LARD1.5) also offers an investor the potential for future redevelopment of 4 units/condos. Lastly, since this property has 4-units, it qualifies for residential financing. Three of these units will be delivered vacant.
Full Property Details
Full Property Details for 412 Brooks Ave
General
- Sold For: $1,938,930
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-119704
- Added to Site: 843 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Kitchen
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Venice
- County: Los Angeles
- Cross Streets: 4th Street
- Driving Directions: Two blocks east of Abbot Kinney Blvd.
- Direction Faces: North
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Gas
Utilities
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 1
- Square Feet: 2,355
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size: 4999
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 40 x 125
- Alley: Yes
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $828.03
- Price Per Unit: 487500
- Assessment Year: 1964
- Owner Pays: Water, Gardener, Other
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4239-010-020
Listed by Keller Williams Inglewood, Ra-Son Theus and Keller Williams Inglewood, Heather Presha
Sold by Berkshire Hathaway Home Srvcs, Betty Huang
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Schools
Schools serving 412 Brooks Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1010 Abbot Kinney Blvd, Venice, CA 90291 | K-5 | 0.1 mi | |
2224 Walgrove Ave, Los Angeles, CA 90066 | 6-8 | 1.4 mi | |
13000 Venice Blvd, Los Angeles, CA 90066 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 412 Brooks Ave
Date
Details
Price
Change
Source
3/31/2022
Sold
$1,938,930
-0.57%
MLS
1/18/2022
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
412 Brooks Ave, Venice, CA 90291 (MLS# 22-119704) is a Multi-Family property that was sold at $1,938,930 on March 31, 2022. Want to learn more about 412 Brooks Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.