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

Studio Baths0.0 Sq 2,008

Monthly Estimate*

^$ 13,621

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Studio

Multi-Family Home for sale in Venice, CA

for $1,950,000. This 2,008 square foot home was built in 1965 on a lot size of 0.05.

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.

Multi-Family Active

Price

^$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.05

Year Built

1965

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

0023267293

Features

General

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Zoning LARD1.5

Year Built 1965

Levels Multi/Split

County Los Angeles

Net Operating Income 60419.4

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Venice

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C11 - Venice

Lot Size Square Feet 2250.0

Street Name Park

Electric Expense 1279.0

Water Sewer Expense 770.0

Standard Status Active

Taxes 23200.0

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Dishwasher Refrigerator

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Place

Laundry Features Community

Total Baths 0

Exterior

Parking Features Carport

Lot Size Area 2250.0

Foundation Details None

Building Area Total 2008.0

Lot Size Acres 0.05

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Michelle Nissani

Listing Agent

Douglas Elliman

Broker

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$13,621

Per Month

Monthly Principal & Interest: $13,621
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,973,457

Percent of Sale Price 52%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/5/2023	$1,950,000		Listed Price

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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 0.05. 123 Park Place is a studio with 0.0 baths and was built in 1965. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/5/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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123 Park Place

Multi-Family Home for sale in Venice, CA

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