2504, 2508, 2510 Pacific Ave, Venice

For Sail: $9,250,000

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, & 3 bedroom/2 bath. 15 car carport parking. 9 of the 12 units have been completely remodeled. All units have new windows and new heating & air conditioning. Each building has a coin operated laundry room. Complex is fully gated with intercom system. MLS#: 17-246304

  • Rent Control: 100%
  • Gross Operating Income (GOI): $406,359
  • Total Expenses: $31,800
  • Net Operating Income(NOI): $374,559
  • Gross Income: $406,359
  • Cap Rate: 4.05
  • Gross Rent Multiplier (GRM): 22.76