Los Angeles, Residential Income – 2510 Pacific Ave, Venice, CA 90291, USA -001-11-30T00:00:00-08:00
Located in the heart of Venice! 2504,2508,2510 PACIFIC AVENUE ARE THREE LEGAL 4 UNIT BUILDINGS ON THREE SEPARATE ADJACENT LOTS BEING SOLD AS ONE COMPLEX FOR $9,250,000. Each building consists of a studio / 1 bath, 1 bedroom / 1 bath, 2 bedroom / 2 bath, and
2510 Pacific Ave, Venice, CA 90291, USA
$9,250,000 USD
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Address2510 Pacific Avenue, Venice
Price$9,250,000
Year Built1971
Bedrooms Total0
Living Area10,428
Lot Size (Sq.Ft.)7,980
Listing ID17246304
StatusActive
Parcel Number4227010004
ZoningLARD1.5
Special ConditionsStandard
Days on Market113

Detailed Description: Located in the heart of Venice! 2504,2508,2510 PACIFIC AVENUE ARE THREE LEGAL 4 UNIT BUILDINGS ON THREE SEPARATE ADJACENT LOTS BEING SOLD AS ONE COMPLEX FOR $9,250,000. Each building consists of a studio / 1 bath, 1 bedroom / 1 bath, 2 bedroom / 2 bath, and 3 bedroom / 2 bath. 15 car carport parking. All units have been renovated. Each building has a coin operated laundry room. Complex is fully gated with intercom system.

Cooling
Laundry
Parking
Land Lease

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Address Information
Address2510 Pacific Avenue, Venice
Street SuffixAvenue
CityVenice
Location (MLS Area)C11 – Venice
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90291
Financial Information
Price per Square Foot$887.03
Price per Lot Square Foot$1,159.15
Special ConditionsStandard
Total Expenses$31,800
Gross Operating Income$399,800
Net Operating Income$368,000
Gross Multiplier23%
Improvements Amount$111,677
Land Value$1,218,300
Tax Year2000
Full Descriptions
Parcel Number4227010004
Detailed DescriptionLocated in the heart of Venice! 2504,2508,2510 PACIFIC AVENUE ARE THREE LEGAL 4 UNIT BUILDINGS ON THREE SEPARATE ADJACENT LOTS BEING SOLD AS ONE COMPLEX FOR $9,250,000. Each building consists of a studio / 1 bath, 1 bedroom / 1 bath, 2 bedroom / 2 bath, and 3 bedroom / 2 bath. 15 car carport parking. All units have been renovated. Each building has a coin operated laundry room. Complex is fully gated with intercom system.
Laundry FeaturesSee Remarks
Cooling DescriptionElectric
Parking FeaturesCarport, Assigned
Property parameters
Year Built1971
Living Area (Sq.Ft.)10,428
Lot Size (Sq.Ft.)7,980
Lot Size SourceAssessor
Number of Buildings3
Number of Units Leased10
Number of Units Total12
ZoningLARD1.5
Stories Total2
Parking Spaces15
Carport Spaces15
Units Total12
Number of Separate Electric Meters12
Units with Carpet2
Units with Dishwasher6
Units with Disposal12
Units with Patio3
Units with Refrigerator12
Cap Rate (For Cash Payment Only)3.98
Listed withKacey Barnett (Sail Realty)