Movoto Real Estate
Sold on 09/13/2023
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108 Rees St, Venice, CA 90293

  • $1,910,773

    Last sold 09/13/2023 for $2.25M

  • 6

    bed

  • 5

    bath

  • 2,866

    Sqft ($785/Sqft)

Multi-family not for sale
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About 108 Rees St

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Lot size 2,552 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
This is a phenomenal property in the heart of Playa del Rey, just a stone's throw from the beach; Upstairs is #110, with high ceilings and an amazing ocean-view rooftop deck. This is an exciting opportunity for investors or owner users looking for a trophy property in a premium location, ideal for someone seeking a live-in investment. Great size units, combined, almost 3,000 sq ft. Unit 108 on the street level boasts an airy 3-bedroom, 2-bathroom layout (approx. 1100 sq ft.) and has a large enclosed backyard/garden area with a partially covered patio. Unit 110 on the 2nd floor is a 3-bedroom, 3-bathroom layout, with plenty of natural light pouring in through large windows, creating an inviting atmosphere. Custom-designed kitchen and bathrooms, newer windows and blinds, tile flooring throughout, and some extra storage. All stainless-steel appliances, gas stove/range, and full-sized, in-unit washer and dryer. North and South-facing balconies and a large split-level roof deck showcasing vast ocean and sunset views. Stylish tile and stone accented bathrooms, high ceilings, and hardwood floors throughout full-size unit with washer and dryer. 2 private car garages, 5 fireplaces, and laundry hook up in both units. Located near the stunning California beach, residents can enjoy a morning swim or surfing. The property provides a laid-back beach lifestyle while offering quick and easy access to local amenities such as fine dining, boutique shopping, parks, and the marina. It is in a vibrant neighborhood embodying the iconic SoCal beach town vibe. While ideally suited for tranquil beachfront living, it's also well-positioned near significant freeways for a seamless commute to Downtown LA, Santa Monica, or other neighboring cities. Don't miss this rare chance to acquire a remarkable property in one of Southern California's most desirable beach communities. Make this beachside property your next move! The downstairs unit is currently vacant and the upstairs tenant is month-to-month and can be delivered vacant.
Listed by
Listing Agent - Anthony Marguleas
Listing Office - Amalfi Estates
Source: The MLS mls logo
MLS#23-275237 • last updated 2 years ago
Movoto checked The MLS for data 8 minutes ago
Overview
Levels/Style Two
MLS # 23-275237
Type Residential Income
Status Sold
Virtual Tour N/A
SqFt 2866
Lot Size (SqFt) 2552
Lot Size (Acres) 0.0586
Year Built 1956
Interior
Total # of Baths 5
Total # of Bedrooms 6
Exterior
# Garage Spaces 2
# Parking Spaces 1
Parking Desc Garage - 1 Car
# Covered Parking Spaces 2
Add'l Structures None
Amenities / Utilities
Sewer/ Septic In Street
Equipment Dishwasher, Refrigerator, Range/Oven, Microwave
Location
County Los Angeles
Zoning LAR3
APN 4116-033-020
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 5000
Unit 1: # Beds 3
Unit 1: Rent 4050
Unit 2: Rent 5500
Unit 2: Furnished No
Unit 2: Projected Rent 6000
Unit 2: # Beds 3
Unit 2: # Baths 3
Unit 1: # Baths 2
Unit 2: Actual Rent 5500
Unit Type 2106, 2107
Unit 1: Actual Rent 4050
Total # Of Buildings 1
Net Operating Income 24000
Gross Income 114600
Gross Operating Income 114600
Gross Rent Multiplier 23
Total Annual Expenses 90000
$1.91M
Range: $1.71M-$2.1M
Last 30 days 
  • Dec 2023
    mls logo MLS # 23-275237
  • Dec 12, 2023 Sold
  • Sep 13, 2023 Pending
  • Sep 13, 2023 Active
  • Jul 7, 2023 Price Change
    $2,500,000 (-7.4%)
  • Jun 2, 2023 Listed
    $2,700,000
  • 108 Rees St
    $2.25M
  • Westchester-Playa Del Rey
    $1.62M +8% y/y
  • 90293
    $850K -5% y/y
  • Venice
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Source: GreatSchools.org © 2026. All rights reserved.

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