2918 PACIFIC AVENUE, VENICE CA 90291

  • 1,460 sq.ft.
  • 2,829 sq.ft. lot
offered at $2,299,000
MLS#:21106567
Status: Active // Property Type:
County: Los Angeles // Year Built: 1924

Property Description

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.

Interior Features

Heating: Floor Furnace
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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