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209 4th Ave, Venice, CA 90291

$4,262,141

Last sold 12/17/2024 for $3.3M

12
bed
12
bath
6,850
Sqft ($482/Sqft)

Multi-family not for sale

About 209 4th Ave

Property type Multi-family

Neighborhood

Year built 1973

HOA fee $0/month

Lot size 5,432 Sqft

Movoto estimate

Property description

Rare opportunity to buy a well built and maintained building. Most units have ocean and/or neighborhood views. One upper view unit held open for possible owner occupancy. 6 bright, spacious 2BR/1.75 BA units- 1 with loft. 2-car gated parking for each unit. Location forms a Triangular Tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; Beaches to the west; Venice's Rose Avenue to the South and Main Street to the North, featuring an urban melange of vibrant dining options, artisanal boutiques and specialty shops. Building subject to Los Angeles (not Santa Monica) rent control. Anniversary date of last rent increase will be 3/1/2025. Occupied units shown with acceptable offer. Drone video available in video links. Photos offer a good visual representation of the views from different units. Seller states earthquake retrofit completed well in excess of current minimum standards.

Listed by

Listing Agent - Wes Wellman

Listing Office - Wellman Realty Co.

Source: The MLS

MLS#24-444923 • last updated 1 year ago

Movoto checked The MLS for data 7 minutes ago

Overview
Levels/Style	Three Or More
MLS #	24-444923
Type	Residential Income
Status	Sold
Virtual Tour	N/A
SqFt	6850
Lot Size (SqFt)	5432
Lot Size (Acres)	0.1247
Tax (Mello-Roos)	Unknown
Year Built	1973

Interior
Total # of Baths	12
Total # of Bedrooms	12
Fireplace Desc	Bath
Appliances	Range Hood, Range, Oven

Exterior
Exterior	Stucco
# Parking Spaces	12
Parking Desc	Community Garage, Driveway
Add'l Structures	None, Balcony

Amenities / Utilities
Water	Public
Sewer/ Septic	In Street
Equipment	Dishwasher, Range/Oven, Refrigerator
HOA Amenities	None
Pool	None

Location
County	Los Angeles
Waterfront	None
View	Ocean, City
Zoning	LARD1.5
APN	4286-001-042

Multifamily Details
Tenant Pays	Gas, Cable TV, Electricity
Unit 5: # Baths	1.75, 1.75
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 6: Furnished	No
Unit 4: Furnished	No
Unit 5: Furnished	No
Unit 3: Projected Rent	3995
Unit 1: Projected Rent	3995
Unit 1: # Beds	2
Unit 6: # Beds	2
Unit 4: # Beds	2
Unit 1: Rent	3868
Unit 2: Rent	2302.8
Unit 3: Rent	3951.2
Unit 4: Rent	4152
Unit 5: Rent	3750
Unit 6: Rent	2791.6
Owner Pays	Water, Gardener
Unit 2: Furnished	No
Unit 2: Projected Rent	3600
Unit 6: Projected Rent	4500
Unit 5: Projected Rent	3750
Unit 4: Projected Rent	4200
Unit 3: # Beds	2
Unit 2: # Beds	2
Unit 2: # Baths	1.75
Unit 3: # Baths	1.75
Unit 1: # Baths	1.75
Unit 4: # Baths	1.75
Unit 5: # Beds	2
Unit 4: Actual Rent	4152
Unit 2: Actual Rent	2302.8
Unit 3: Actual Rent	3951.2
Unit Type	2106, 2107, 2108, 2109, 2110, 2111
Unit 6: Actual Rent	2791.6
Unit 1: Actual Rent	3868
Total # Of Buildings	1
Net Operating Income	150237
Annual Rent	249787
Cap Rate	4.29
Vacancy Rate	5%
Gross Income	249787
Gross Operating Income	249787
Gross Rent Multiplier	14.01
Total Annual Expenses	99550