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. All units have been renovated. 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): $404,607
  • Total Expenses: $31,800
  • Net Operating Income(NOI): $327,807
  • Gross Income: $404,607
  • Cap Rate: 4.03
  • Gross Rent Multiplier (GRM): 22.86