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
