1601 Oakwood Avenue , A

    Venice, CA 90291
    • $2,095,000
    • STATUS: Active
    • ON SITE: 130 days
    • ID#: SB19137905
    $2,095,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,782
      SQFT
    • $1,176
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    1601 Oakwood Ave is a highly sought-after duplex only a short distance to Abbot Kinney Blvd. This 1,782 SF building was built in 1968 (subject to rent control) and is situated on a large 3,675 SF lot (44+GG x 83+GG). The property boasts a desirable unit mix of two 2-bed/1-bath. Located blocks from the Venice Beach and Boardwalk, this property is also in close proximity to many shops, restaurants, and schools. Given the property+GGs high upside in market rent potential (approx. 55% increase in GSI) and amazing location, this is a great opportunity for any investor.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T00:34:56.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/95796064

    1601 Oakwood Avenue , A Venice, CA 90291

    • Price: $2,095,000
    • Status: Active
    • ID#: SB19137905
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,782
    SQFT
    $1,176
    $/SQFT
    1968
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    1601 Oakwood Ave is a highly sought-after duplex only a short distance to Abbot Kinney Blvd. This 1,782 SF building was built in 1968 (subject to rent control) and is situated on a large 3,675 SF lot (44+GG x 83+GG). The property boasts a desirable unit mix of two 2-bed/1-bath. Located blocks from the Venice Beach and Boardwalk, this property is also in close proximity to many shops, restaurants, and schools. Given the property+GGs high upside in market rent potential (approx. 55% increase in GSI) and amazing location, this is a great opportunity for any investor.
    Exterior Features

    Garage Spaces 2.00 Lot Features Back YardFront YardLandscapedYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 1.55 Community Features CurbsGuttersSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 65160.00 Gross Scheduled Income 65160.00 Insurance Expense 713.00 Land Lease YN No Laundry YN No Maintenance Expense 1955.00 Net Operating Income 30738.00 New Construction YN No New Taxes Expense 25270.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 31994.00 Other Expense 1600.00 Other Expense Description Utility Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32467.00 Trash Expense 0.00 Vacancy Allowance 1955 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc. and J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T00:34:56.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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