2418 Pacific Avenue
2418 Pacific Avenue
$2,200,000
5
5
2,802
2,802
$785
Description
For the first time in nearly three decades, 2418 Pacific Ave is now
on the market. The sellers own an identical 4-plex next door at
2420 Pacific and are open to offers on both properties, either
together or separately. These exceptional A-Class Venice assets are on the walk streets of
the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor
or owner-occupant to acquire a trophy asset in a highly desirable
area of Venice Beach. The building...For the first time in nearly three decades, 2418 Pacific Ave is now
on the market. The sellers own an identical 4-plex next door at
2420 Pacific and are open to offers on both properties, either
together or separately. These exceptional A-Class Venice assets are on the walk streets of
the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor
or owner-occupant to acquire a trophy asset in a highly desirable
area of Venice Beach. The building boasts strong in-place rents
and is being offered at a 4.62% cap rate and 15.36 GRM. With
parking and outdoor space available for 3 out of 4 units, a buyer
will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-
square foot lot. They feature one 3-br/2-ba unit with a patio and 2
parking spaces, one 2-br/1-ba unit with a large back deck and 2
parking spaces, and 2 studio units with one parking space each
and a patio. 2418 Pacific Ave will be delivered with two vacant
units, a vacant 2-bedroom and a vacant studio, both of which are
situated on the same level, providing an owner occupant the
opportunity to combine them into a single, larger space. 2420
Pacific Ave will be delivered fully occupied and is generating
151,000 in rental income.
on the market. The sellers own an identical 4-plex next door at
2420 Pacific and are open to offers on both properties, either
together or separately. These exceptional A-Class Venice assets are on the walk streets of
the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor
or owner-occupant to acquire a trophy asset in a highly desirable
area of Venice Beach. The building...For the first time in nearly three decades, 2418 Pacific Ave is now
on the market. The sellers own an identical 4-plex next door at
2420 Pacific and are open to offers on both properties, either
together or separately. These exceptional A-Class Venice assets are on the walk streets of
the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor
or owner-occupant to acquire a trophy asset in a highly desirable
area of Venice Beach. The building boasts strong in-place rents
and is being offered at a 4.62% cap rate and 15.36 GRM. With
parking and outdoor space available for 3 out of 4 units, a buyer
will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-
square foot lot. They feature one 3-br/2-ba unit with a patio and 2
parking spaces, one 2-br/1-ba unit with a large back deck and 2
parking spaces, and 2 studio units with one parking space each
and a patio. 2418 Pacific Ave will be delivered with two vacant
units, a vacant 2-bedroom and a vacant studio, both of which are
situated on the same level, providing an owner occupant the
opportunity to combine them into a single, larger space. 2420
Pacific Ave will be delivered fully occupied and is generating
151,000 in rental income.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by David Messiah • DRE #02117893 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 2418 Pacific Avenue
Parking Spaces Total
6
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area2802
Assessor Parcel Number4227-004-038
Property Attached YNtrue
Location
LISTING UPDATED: 04/29/2024 11:05 PM
Property Details for 2418 Pacific Avenue
Status | Active |
---|---|
MLS # | SB24081257 |
Days on Market | 17 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
Lot Size | 0.06 AC / 2,755 SF |
County | Los Angeles County |
Location
Building Information for 2418 Pacific Avenue
Stories2Residences-Year Built1965Building Size-Lot Size0.06 AC / 2,755 SF
Payment Calculator
$12,606 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2418 Pacific Avenue
Property History for 2418 Pacific Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2418 Pacific Avenue
Taxable ValueLand$285,996Additions$279,596Total$565,592
Tax Record2023$7,201 ($600 / month)
Home Facts
Total Finished SqFt2,802 SqFtAbove Grade Finished SqFt2,802 SqFtLot Size2,755 SqFtStyleQuadraplexYear Built1965ZoningLARD1.5CountyLOS ANGELESAPN4227-004-038
Schools near 2418 Pacific Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Coeur D'Alene Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Westside Global Awareness Magnet PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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