$2150000 Price Analysis 2418 Pacific AveVenice, CA 90291 5 bed 5 bath 2802 SqFt ($767/SqFt) 2755SqFt lot. Built 1965 Listed 2024-04-29, Taxes $6878 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owner-occupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being ffered at a 4.78% cap rate and 14.95 GRM.
With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2, 802 square feet 4-unit building on a 2, 755- square foot lot. They feature one 3-br/2-ba unit with a patio and 2 parking spaces, one 2-br/1-ba unit with a large back deck and 2 parking spaces and 2 studio units with one parking space each and a patio. 2418 Pacific Ave will be delivered with two vacant units, a vacant 2-bedroom and a vacant studio, both of which are situated on the same level. 2420 Pacific Ave will be delivered fully occupied and is generating 151, 000 in rental income.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24081257 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $274114 + $280389 $554503 | $6878 |
2021 | $268740 + $274892 $543632 | $6779 |
2020 | $265985 + $272074 $538059 | $6845 |
2019 | $260770 + $266740 $527510 | $6582 |
2018 | $255657 + $261510 $517167 | $6531 |
2017 | $250645 + $256383 $507028 | $6395 |
2016 | $245731 + $251356 $497087 | $6228 |
2015 | $242040 + $247581 $489621 | $6140 |
2014 | $237299 + $242732 $480031 | $6184 |
2013 | $236227 + $241635 $477862 | $6178 |
2012 | $231596 + $236898 $468494 | $6261 |
2010 | $227055 + $232253 $459308 | $6142 |
2009 | $225895 + $231066 $456961 | $5916 |
2009 | $225359 + $230518 $455877 | $5916 |
2008 | $221466 + $226536 $448002 | $5670 |
2007 | $217124 + $222095 $439219 | $5480 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.