123 Park Place Venice, CA $ 1,950,000
123 Park Place
$ 1,950,000
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123 Park Place

Venice, CA, 90291
$ 1,950,000
Bedrooms2 Baths4.0 Sq 2,008

Monthly Estimate*

$ 12,960

Listed by Douglas Elliman
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Multi-Family Home for sale in Venice, CA

for $1,950,000 with 2 bedrooms and 4 full baths. This 2,008 square foot home was built in 1965 on a lot size of 0.0517.

Welcome to the walk Streets of Venice, one block from the Beach at the end of Abbot Kinney/Brooks and just south of Main street.The location is outstanding. Enter through the white picket fence into a shared sun trap of a garden, to be enjoyed by all. This is a four unit building, fully occupied. On the ground floor is unit 1, a 1 bedroom, 1 bathroom unit, and on the 2nd floor are three units, 2 studios and another 1 bedroom, 1 bathroom unit. The units on the upper floor have all been updated. The one bedroom unit upstairs has an exposed wood ceiling, stainless steel appliances, wood floors, cool light fixtures, wood blinds, a little desk area and a light and airy bathroom. There is also a communal laundry, and a carport that fits 6 cars tandem. There are 4 storage bins for the tenants use. Good steady income, low expenses. Expenses include projected property taxes for new owner. An all round great investment. Will need 72 hours notice to show Monday - Saturday.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

2

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0517

Year Built

1965

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

23267293

Days on Market

394

Features
General
Interior Features CeilingFans
Heating WallFurnace
Cooling None
Appliances Dishwasher Refrigerator
Zoning LARD1.5
Year Built 1965
Levels MultiSplit
Gross Income 86220.0
County Los Angeles
Net Operating Income 60419.4
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Buyer Financing Cash
Directions West of Main East of Pacific South of Rose and North of Abbot Kinney/Brooks
City Venice
View Y/N N
Senior Community Y/N N
Open Parking Spaces 3.0
Total Units 4
MLS Area C11 - Venice
Lot Size Square Feet 2250.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Park
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 1279.0
Home Warranty Y/N N
Water Sewer Expense 770.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 354
Standard Status ActiveUnderContract
Occupancy Type Tenant
Taxes 23200.0
Cap Rate 3.09
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Exterior
Parking Features Carport
Total Parking 6.0
Lot Size Area 2250.0
Number of Buildings 1
Spa N
Building Area Total 2008.0
Lot Size Acres 0.0517
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Laundry Features CommonArea
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 4
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Internal Only
Street Number 1 123
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* Excluded Features
List By
Douglas Elliman

Broker

(310) 413-8780

Phone

Affordability Calculator

$12,960
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2023$1,950,000 Listed Price

Map


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123 Park Place, Venice, CA, 90291 is a Multi-Family Home for sale at $1,950,000 with 2,008 sqft and a lot size of 0.0517. 123 Park Place has 2 bedrooms, 4.0 baths, and was built in 1965. The property's zip code is 90291 which is in Venice, CA