738 Brooks Ave - Triplex Venice
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738 Brooks Ave - Triplex Venice
3 Unit Apartment Building Offered at £1,174,167 in Venice, CA 90291
Investment Highlights
- triplex with 1 vacant unit
- owner - user - developer
- Trust Sale
- redevelopment opportunity
- close to Abbott Kinney
Executive Summary
Trust Sale-Whether you're an investor seeking a profitable investment, redevelopment or a homeowner seeking a retreat to call your own, this property is an opportunity that cannot be overlooked.
Situated in the heart of Oakwood and steps from Abbott Kinney, one of the most vibrant and sought-after neighborhoods in Venice, residents will enjoy the unique atmosphere and charm that the area offers. With its proximity to popular attractions, trendy restaurants, boutique shops, and cultural hotspots, this location attracts a wide range of tenants/ homeowners seeking a vibrant and dynamic lifestyle. This triplex consists of a 2-bedroom 1 bath house and a duplex with (2) one bedroom/one bath apartments. One apartment in the duplex will be delivered vacant which opens opportunity for for an owner user for development opportunities. There is parking available for the new owner in the rear of the property as well a storage unit that was used by the owner as an art studio. This is a probate sale and is being sold as is, the seller will make no repairs. Contact city building department for development options
Situated in the heart of Oakwood and steps from Abbott Kinney, one of the most vibrant and sought-after neighborhoods in Venice, residents will enjoy the unique atmosphere and charm that the area offers. With its proximity to popular attractions, trendy restaurants, boutique shops, and cultural hotspots, this location attracts a wide range of tenants/ homeowners seeking a vibrant and dynamic lifestyle. This triplex consists of a 2-bedroom 1 bath house and a duplex with (2) one bedroom/one bath apartments. One apartment in the duplex will be delivered vacant which opens opportunity for for an owner user for development opportunities. There is parking available for the new owner in the rear of the property as well a storage unit that was used by the owner as an art studio. This is a probate sale and is being sold as is, the seller will make no repairs. Contact city building department for development options
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£65,628
|
£34.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£65,628
|
£34.52
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £65,628 |
| Annual Per SF | £34.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £65,628 |
| Annual Per SF | £34.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,174,167 | Lot Size | 0.12 AC |
| Price Per Unit | £391,389 | Building Size | 1,901 SF |
| Sale Type | Investment | Average Occupancy | 66% |
| Sale Conditions | Distress Sale | Number of Floors | 1 |
| No. Units | 3 | Year Built | 1924 |
| Property Type | Residential | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Garden |
| Price | £1,174,167 |
| Price Per Unit | £391,389 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Units | 3 |
| Property Type | Residential |
| Apartment Style | Garden |
| Lot Size | 0.12 AC |
| Building Size | 1,901 SF |
| Average Occupancy | 66% |
| Number of Floors | 1 |
| Year Built | 1924 |
| Parking Ratio | 0.53/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £1,694 | - |
| 2+1 | 1 | £2,081 | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (85)
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738 Brooks Ave - Triplex Venice
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