2504, 2508, 2510 Pacific Avenue, Venice

For Sail: $7,650,000

Rare opportunity to own 3 properties 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. Each building consists of a studio/1 bath, 1 bed/1 bath, 2 bed/2 bath, 3 bed/2 bath. 15 car carport parking. Nine of the twelve units have been completely remodeled. All units have new windows and new heating & air conditioning. Each building has coin operated laundry. Complex is fully gated with intercom system. MLS#:19-487188

  • Rent Control: 100%
  • Gross Income: $413,536
  • Total Expenses: $53,322
  • Net Operating Income(NOI): $360,214
  • Gross Rent Multiplier (GRM): 18.5