2 Breeze Avenue
Venice, CA 90291
On the famous Venice Beach Boardwalk

Thomas Guide: 671 6G
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Purchase Price:
$14,950,000

Annual scheduled gross income:
$1,100,000

Year built: 1930

Zoning: LAC1

Lot Size: 4,400

Building Square Feet: 15,408

Parking: None

COMMENTS

Prime Venice Beach LOCATION, LOCATION! World Famous Venice Beach Boardwalk! Totally renovated in 2008, copper plumbing, new electrical, Ceasarstone countertops & much more. Rooftop deck with ocean views & most units have ocean views. Ocean view units will bring higher rents. Currently operating 29 units as monthly/weekly rentals most can be vacant at close of escrow. View more photos at www.venicebreezesuites.com *Can be purchased with 3 other furnished rental buildings in Venice Beach (96 Total Units). Demand for Extended Stay is growing for economizing business & pleasure travelers. Venice Beach continues to be the second most visited destination in Southern California.

FINANCIAL DETAILS

Total Expenses:
$459,000

Scheduled Monthly Income:
$91,667

Scheduled Annual Income:
$1,100,000

417 Ocean Front Walk
Venice, CA 90291
On the famous Venice Beach Boardwalk

Thomas Guide:
Click here for a map

Purchase Price:
$10,500,000

Annual scheduled gross income:
$1,100,000

Year built: 1921

Zoning: LAR3

Lot Size: 4922

Building Square Feet: 15,240

Parking: None

COMMENTS

In Prime Venice Beach LOCATION, LOCATION! World Famous Venice Beach Boardwalk! Totally rehabbed in 2001, copper plumbing, new electrical, Granite countertops & much more. Rooftop deck with ocean views & most units have ocean views. Ocean view units will bring higher rents. Currently operating 32 units as monthly/weekly rentals. 88-90% occupancy. View more photos at venicesuites.com *Can be purchased with 3 other furnished rental buildings in Venice Beach (96 Total Units). Demand for Extended Stay is growing for economizing business & pleasure travelers. Venice Beach continues to be the second most visited destination in Southern California.

FINANCIAL DETAILS

Total Expenses:
$420,000

Scheduled Monthly Income:
$91,667

Scheduled Annual Income:
$1,100,000

113 Clubhouse Avenue
Venice, CA 90291
East of Pacific Ave & North of Venice Blvd

Thomas Guide: 671 G6
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Purchase Price:
$1,150,000

Annual scheduled gross income:
$76,188

Year built: 1952

Zoning: LARD1.5

Lot Size: 4487

Building Square Feet: 2516

Parking: 5 Open Spaces & 2 Garages

COMMENTS

Prime Venice Beach LOCATION with parking! Lots of opportunity to add value as 5 units can be delivered vacant at close of escrow. Drive by only, do not disturb tenants.

*Units 1-5 can be delivered vacant. $900 is projected rent & Units 2 & 4 will stay on at buyer’s option at above rents

29 Navy Street
Venice, CA 90291
Just off the Venice Boardwalk at Navy Street

Thomas Guide: 671 G5
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Purchase Price:
$5,950,000

Annual scheduled gross income:
$700,000

Year built: 1924

Zoning: LARD

Lot Size: 5837

Building Square Feet: 13,849

Parking: None

COMMENTS

Prime Venice Beach LOCATION, LOCATION! World Famous Venice Beach Boardwalk! Totally rehabbed in 1993, copper plumbing, new electrical, tile countertops & much more. Rooftop deck with ocean views & several units have ocean views. Ocean view units will bring higher rents. Currently operating 22 units as monthly/weekly rentals most can be vacant at close of escrow. View more photos at veniceadmiralsuites.com

FINANCIAL DETAILS

Total Expenses:
$298,096

Scheduled Monthly Income:
$58,333

Scheduled Annual Income:
$700,000

11941 Wagner Street
Culver City, CA 90230
One Block South of Inglewood and Culver Blvd

Thomas Guide: 672-E5
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Purchase Price:
$768,000

Annual scheduled gross income:
N/A

Year built: 1941

Zoning: LAR1

Lot Size: 6,250

Building Square Feet: 1,858

Parking: Detached Garage

COMMENTS

Big features make the house easy to live in. 3 bedroom 2 1/2 bathroom house with extra room for a Library or big Walk in closet/wardrobe. Plus a guest house for 1 + 1. Central Heat and Air Conditioning throughout the main house. Hardwood floors. Plantation shutters.
Remodeled Kitchen has very nice Cats Eye Granite counter tops and Michael Graves fixtures. The cook will love the large executive double sink. Sub-Zero fridge. w/ Glass door. Viking gas 5 burner range. Built in Double Oven, Dishwasher, Microwave and Warming Drawer (all are GE Profile). Extra prep. sink w/ disposal. Kitchen cabinetry has many great features from sliding drawers to pull out Pantry spaces.
Breakfast nook off of the kitchen leads to step down Family Room with Fireplace. Master bathroom has an extra large spa tub and two sinks. Fruit trees in front yard are Lemon and Oranges.

FINANCIAL DETAILS

Total Expenses:
N/A

Scheduled Monthly Income:
N/A

Scheduled Annual Income:
N/A

52 Paloma Avenue
Venice, CA 90291
Just off the famous Venice Beach Boardwalk

Thomas Guide: 671 5G
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Purchase Price:
$3,200,000

Annual scheduled gross income:
$348,000

Year built: 1925

Zoning: LARD

Lot Size: 3528

Building Square Feet: 5359

Parking: None

COMMENTS

Prime Venice Beach LOCATION, LOCATION! World Famous Venice Beach Boardwalk! Totally renovated in 2008, copper plumbing, new electrical, Ceasarstone countertops & much more. Currently operating 6 units as monthly/weekly rentals most can be vacant at close of escrow. View more photos at www.venicepalomasuites.com *Can be purchased with 3 other furnished rental buildings in Venice Beach (96 Total Units).Demand for Extended Stay is growing for economizing business & pleasure travelers. Venice Beach continues to be the second most visited destination in Southern California.

FINANCIAL DETAILS

Total Expenses:
$140,000

Scheduled Monthly Income:
$29,000

Scheduled Annual Income:
$348,000

3448 Colonial Avenue
Los Angeles, CA 90066
West of Centinela Ave and North of Palms Blvd at Appleton Way and Colonial Ave

Thomas Guide: 672 B3
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Purchase Price:
$600,000

Annual scheduled gross income:

Year built: 1946

Zoning: LAR1

Lot Size: 6490

Building Square Feet: 1726

Parking: Garage

COMMENTS

Builders - Rebuild into house of your dreams. Great area. Potential for views from a second floor. Fire damaged and in need of rehabilitation. Needs new back half - Kitchen & Family Rm. Front three rooms and bathroom are salvageable. OR tear down and build new. At this price you can afford it. Swimming pool is OK just needs cleaning. Garage needs to go back to being a Garage. Builders will like the bigger lot. Home buyers will like the height for views. Great neighborhood

FINANCIAL DETAILS

Total Expenses:

Scheduled Monthly Income:

Scheduled Annual Income:

1524 7th Street
Santa Monica, CA 90401
South of Santa Monica & North of Colorado

Thomas Guide: 671 E2
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Purchase Price:
$2,495,000

Annual scheduled gross income:
$152,256.84

Year built: 1958

Zoning: SMC3YY

Lot Size: 7,497

Building Square Feet: 6,993

Parking: 8 Carports

COMMENTS

Great opportunity to buy an easy to operate apartment building sitting on commercially zoned land in the heart of Santa Monica’s development district! Brand new roof in 2008. This is a hot location for future development. Drive by only do not disturb tenants.

FINANCIAL DETAILS

Total Expenses:
$38,064.21

Scheduled Monthly Income:
$12,688.07

Scheduled Annual Income:
$152,256.84

1508 Stanford Street
Santa Monica, CA 90404
Between Broadway and Colorado Blvd

Thomas Guide: 631 H6
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Purchase Price:
$1,400,000

Annual scheduled gross income:
$117,972.00*

Year built: 1959

Zoning: SMR2

Lot Size: 8,124

Building Square Feet: 5,712

Parking: 10 Open Spaces

COMMENTS

Great opportunity to add value. 2 vacant units. Large lot, great unit mix in very desirable Santa Monica location. Drive by only, do not disturb tenants. Inside with accepted offer only.
*Vacant Units. These are projected rents.

FINANCIAL DETAILS

Total Expenses:
$18,892.00

Scheduled Monthly Income:
$9,781.00*

Scheduled Annual Income:
$117,972.00*