2500 Strongs Drive

    Venice, CA 90291
    • $2,900,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20543200
    UPDATED: 29 min ago
    $2,900,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Rare opportunity to own a triplex on the Grand Canal waterfront of the Venice Canals. Live in the front and lease the other units or use all three for personal use. All units have been remodeled and evoke the charm and comfort of beach living.The property has 3 separate garages: units have individual electrical and gas meters.In the past, vacation rentals in the area have been very profitable. Currently property is leased to 30 day or more rentals nd Corporate leases. Year-round rental projections yield on over 6% CAP Rate.Property will be delivered vacant.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. 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 Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/102263989

    2500 Strongs Drive Venice, CA 90291

    • Price: $2,900,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 20543200
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Rare opportunity to own a triplex on the Grand Canal waterfront of the Venice Canals. Live in the front and lease the other units or use all three for personal use. All units have been remodeled and evoke the charm and comfort of beach living.The property has 3 separate garages: units have individual electrical and gas meters.In the past, vacation rentals in the area have been very profitable. Currently property is leased to 30 day or more rentals nd Corporate leases. Year-round rental projections yield on over 6% CAP Rate.Property will be delivered vacant.
    Exterior Features

    Construction Materials Stucco Garage Spaces 3.00 Parking Features Garage - Three Door Parking Total 3.00 Parking YN Yes

    Interior Features

    Appliances DishwasherDisposalRefrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features Community

    Property Features

    Gross Income 190000.00 Gross Multiplier 0.00 Gross Operating Income 192000.00 Laundry YN Yes Net Operating Income 192000.00 Senior Community YN No Special Listing Conditions Standard Zoning Larw1

    Listing provided courtesy of Michael Earley of Douglas Elliman Of California, Inc. and Benjamin Schick of Douglas Elliman Of California, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T23:28:14.23. 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 Steele Canyon Realty. Licensed in the State of California, USA.

     
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