1025 PLEASANTVIEW Avenue, Venice, CA 90291

About this property

4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing!

Listing description from the May 2022 sale, as reported to CRMLS.

Sale history

$3,150,000

Sold May 2022 · listed $3,100,000, orig. $3,200,000, on market March 2022 · MLS #22141405 · Source: CRMLS

Listing Agent: Elijah Korobkin · Listing Office: Central Realty Advisors Inc · Contact: 323-285-9002 · Bought with: Trevor Levin · Nourmand & Associates-BW

$1,405,000

Sold December 2019 · listed $1,650,000, orig. $1,995,000, on market May 2019 · MLS #19465914 · Source: CRMLS

Listing Agent: Alison Betts · Listing Office: Douglas Elliman of California, Inc. · Contact: 424-203-1800 · Bought with: Christopher Shahinian · Central Realty Advisors Inc

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