2220 Brenta Pl, Venice, CA 90291
8 Unit Apartment Building | $3,100,000 ($387,500/Unit) | 3.09% Cap Rate | Venice, CA 90291
For Sale
Active
Asking Price $3,100,000
- Property Type
-
Multifamily
- Square Feet
- 4,904 SF
Listing Contacts
Stephen Lampe
Property Overview
2220 Brenta Place in Venice, CA, is a charming 1950s apartment complex situated on a quiet side street off Venice Boulevard. The property features eight units, all of which are 1-bedroom/1-bath. Four of the units are rented close to market rates, while the other four offer significant upside potential. Tenants are responsible for their own gas and electric utilities. Additionally, the property is adjacent to a 15-unit building also for sale by the same owner, located at 923-933 Venice Blvd. The zoning is R3 TOC Tier 3, allowing for a maximum of up to 12 units.
Property Details
- Class
- C
- Year Built
- 1953
- Stories
- 2
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 8
Highlights
- Charming 1950's apartment complex on quiet side street off Venice Boulevard
- All units are 1 bedroom / 1 bath with 4 close to market and 4 with significant upside
- Tenants pay for gas & electric
- Adjacent to a 15 unit building for sale by the same owner (923-933 Venice Blvd)
- Zoning R3 TOC TIER 3 (Max up to 12 units)
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