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2918 PACIFIC AVENUE, VENICE, CA 90291

2918 Pacific Avenue Venice, CA 90291
Listing #21106567
  • Baths
$2,299,000
  • Status Active
  • Year Built 1924
  • Property Type Multi-Unit Residential
  • Neighborhood Venice

About This Property

Located adjacent to the world-famous Venice Canals and just one block from the sand and Venice Beach, these charming park-like parcels are ripe for development or to add additional ADU structures for increased rental income. This 2,829 sq ft parcel is comprised of two singles plus one 2 bed/1 bathCurrent rental income is $9,600 / mo. Cap Rate 5.0%This property along with the adjoining property located at 2918 Pacific creates two separate parcels totaling 6,558 sq ft of land with approximately 2,618 sq ft of buildings comprised of two 2 bed/1 bath units on one lot and two singles plus a 2 bed 1 bath on the other lot. Both properties run street to street to afford access from both Pacific Ave as well as Strongs Dr. Located a few feet from public transportation the property could take advantage of SB 10 which allows for greater density than previously zoned. The properties may possibly be available individually but it is the seller's intention to sell both units.

Property Details

Location Information +
Interior Features +
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Based on information from CRMLS and/or CLAW and/or CRISNet MLS as of February 7, 2022 1:39 AM PT. 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. IDX powered by iHomefinder, Inc.

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