Venice, CA 90291,214 Market St
Venice, CA 90291,214 Market St
Venice, CA 90291,214 Market St
33
$1,666,500
$1,750,000
4.8%
Est.Price: ?

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4 BA
2,564 SqFt

214 Market St Venice, CA 90291

Est. payment /mo
SOLD DATE : 08/30/2024

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Key Details

Sold Price $1,666,500

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,564 sqft

Price per Sqft $649

MLS Listing ID 24-405009

Sold Date 08/30/24

Style Craftsman

Year Built 1910

Lot Size 2,230 Sqft

Acres 0.0512

Property Description

Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Window Unit(s)

Fireplaces Type None

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Side By Side

Garage Spaces 2.0

Pool None

Roof Type Shingle

Building

Lot Description Alley Paved, Front Yard, Street Paved, Street Lighting, Single Lot, Sidewalks

Story 2

Water Public

Architectural Style Craftsman

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Property Concierge
Bought with Property

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Herman Singh

Broker

+1(310) 625-6175

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