2418 Pacific Avenue

Venice, CA 90291

$2,200,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $785 / sqft

1965

calendar_month Built

Property Description

For the first time in nearly three decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owner-occupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.62% cap rate and 15.36 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755- square foot lot. They feature one 3-br/2-ba unit with a patio and 2 parking spaces, one 2-br/1-ba unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. 2418 Pacific Ave will be delivered with two vacant units, a vacant 2-bedroom and a vacant studio, both of which are situated on the same level, providing an owner occupant the opportunity to combine them into a single, larger space. 2420 Pacific Ave will be delivered fully occupied and is generating 151,000 in rental income.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 2418 Pacific Avenue
City Venice
State CA
Zip 90291
County Los Angeles
Listing Agent Cameron Samimi DRE#02035763
Co-Listing Agent David Messiah DRE#02117893
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS SB24081257
List Price $2,200,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 2,755
Year Built 1965
DOM 1

Exterior Information

Maps

Listing information courtesy of: Cameron Samimi, David Messiah, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 30th, 2024 at 6:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.