2918 PACIFIC AVENUE, VENICE CA 90291
- 1,460 sq.ft.
- 2,829 sq.ft. lot
Located adjacent to the world-famous Venice Canals and just one block from the sand and Venice Beach, these charming park-like parcels are ripe for development or to add additional ADU structures for increased rental income. This 2,829 sq ft parcel is comprised of two singles plus one 2 bed/1 bathCurrent rental income is $9,600 / mo. Cap Rate 5.0%This property along with the adjoining property located at 2918 Pacific creates two separate parcels totaling 6,558 sq ft of land with approximately 2,618 sq ft of buildings comprised of two 2 bed/1 bath units on one lot and two singles plus a 2 bed 1 bath on the other lot. Both properties run street to street to afford access from both Pacific Ave as well as Strongs Dr. Located a few feet from public transportation the property could take advantage of SB 10 which allows for greater density than previously zoned. The properties may possibly be available individually but it is the seller's intention to sell both units.
Listing Courtesy of Michael Earley, Douglas Elliman of California, Inc.
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of December 29, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.