Venice, CA 90291,214 Market ST
Venice, CA 90291,214 Market ST
Venice, CA 90291,214 Market ST
$1,666,500
Est. payment /mo
$1,750,000
4.8%
Est.Price: ?

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4 Baths
2,564 SqFt
SOLD DATE : 08/30/2024

Key Details

Sold Price $1,666,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,564 sqft

Price per Sqft $649

MLS Listing ID 24405009

Sold Date 08/30/24

HOA Y/N No

Year Built 1910

Lot Size 2,230 Sqft

Property Description

Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Exterior

Garage Side By Side

Pool None

Roof Type Shingle

Parking Type Side By Side

Total Parking Spaces 2

Private Pool No

Building

Lot Description Front Yard

Faces North

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4238013034

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Vivian Chaing • Property Concierge
Bought with Jessica Steier • Property

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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