16 Thornton Avenue

Venice, CA 90291

$5,000,000
Price
Studio
Beds
12
Baths
9,546 Sq. Ft.
$524 / Sq. Ft.
9,546
Sq. Ft.
$524
per Sq. Ft.

Property Details for 16 Thornton Avenue

StatusActive
MLS #19507968
Year Built1913
DOM16
Compass TypeMulti Family
MLS TypeResidential Income / Apartment Building
Lot Size0.08 AC / 3,597 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Property Details for 16 Thornton Avenue

Area
Venice (C11)
Parking Spaces Total
0
Pool
No
Cooling Type
None, Ceiling Fan(s)

Description

A once in a lifetime opportunity to own a part of Venice history. Built 1913 and renovated in 2019, This 18-unit apartment building is right off the ocean. On the corner of Speedway and Thornton, many of the units have beautiful ocean views. This building comes with the charm you will only find in a few buildings left in Venice of this age. 7 units will be delivered vacant. The above rents only reflect tenant-occupied units. Huge upside in rents!

Location

Listing Courtesy of Compass, Mike Springer, DRE #01265333

Listing Agent

  1. Mike Springer

    Listing Agent

    Compass

    DRE #01265333

Building Information for 16 Thornton Avenue

Stories4Residences18Year Built1913Building Size-Lot Size0.08 AC / 3,597 SF

Payment Calculator

$17,984 per month

30 year fixed, 3.51% Interest

Principal and Interest

$17,984

Property Taxes

HOA Dues

$0

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Property Information for 16 Thornton Avenue

Property Features
    Interior Features
  • Heating: Other
  • Laundry Locations: None
    Exterior Features
  • Roofing: Composition
    Parking Info
  • Parking Features: None
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: West of Pacific, South of Rose on the corner of Thornton and Speedway
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $159,744
  • Cap Rate: 0.09
  • Gross Operating Income: $159,744
  • Gross Rent Multiplier: 31.3
  • Net Operating Income: $46,118
  • Owner Pays: Electric, Gas, Water
    Expense Details
  • Expense Total Annual: $113,626
    Assessment Info
  • Assessed Improvement Value: $660,182
  • Assessed Land Value: $799,800
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Vendor Enhanced
  • Lot Size SQFT: 3597
  • Tax Parcel Number: 4286024001
  • Zoning: LARD1.5
Structure Info
    Structure Info
  • Units Total In Complex: 18
  • Number Of Buildings: 1
  • Property Condition: Fixer
  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Square Footage Source: Vendor Enhanced
  • Total Floors: 4
  • Year Built: 1913
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $795
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $2,000
  • Unit Total Monthly Rent 1: $795
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $860
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 0.0
  • Unit Projected Total Monthly Rent 2: $1,800
  • Unit Total Monthly Rent 2: $860
  • Unit Type 2: 1.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $775
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 0.0
  • Unit Projected Total Monthly Rent 3: $1,800
  • Unit Total Monthly Rent 3: $775
  • Unit Type 3: 1.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $1,863
  • Unit Number Of Bath 4: 1.5
  • Unit Number Of Bed 4: 1.0
  • Unit Projected Total Monthly Rent 4: $3,000
  • Unit Total Monthly Rent 4: $1,863
  • Unit Type 4: 1.0
    Unit 5 Info
  • Unit Furnished 5: Unfurnished
  • Unit Monthly Rent 5: $1,155
  • Unit Number Of Bath 5: 1.0
  • Unit Number Of Bed 5: 0.0
  • Unit Projected Total Monthly Rent 5: $1,800
  • Unit Total Monthly Rent 5: $1,155
  • Unit Type 5: 1.0
    Unit 6 Info
  • Unit Furnished 6: Unfurnished
  • Unit Monthly Rent 6: $981
  • Unit Number Of Bath 6: 1.0
  • Unit Number Of Bed 6: 0.0
  • Unit Projected Total Monthly Rent 6: $1,800
  • Unit Total Monthly Rent 6: $981
    Unit 7 Info
  • Unit Furnished 7: Unfurnished
  • Unit Monthly Rent 7: $898
  • Unit Number Of Bath 7: 1.0
  • Unit Number Of Bed 7: 0.0
  • Unit Projected Total Monthly Rent 7: $2,250
  • Unit Total Monthly Rent 7: $898
    Unit 8 Info
  • Unit Furnished 8: Unfurnished
  • Unit Monthly Rent 8: $2,040
  • Unit Number Of Bath 8: 1.5
  • Unit Number Of Bed 8: 1.0
  • Unit Projected Total Monthly Rent 8: $3,000
  • Unit Total Monthly Rent 8: $2,040
    Unit 9 Info
  • Unit Furnished 9: Unfurnished
  • Unit Monthly Rent 9: $893
  • Unit Number Of Bath 9: 1.0
  • Unit Number Of Bed 9: 0.0
  • Unit Projected Total Monthly Rent 9: $2,250
  • Unit Total Monthly Rent 9: $893
    Unit 10 Info
  • Unit Furnished 10: Unfurnished
  • Unit Monthly Rent 10: $1,378
  • Unit Number Of Bath 10: 1.0
  • Unit Number Of Bed 10: 0.0
  • Unit Projected Total Monthly Rent 10: $2,250
  • Unit Total Monthly Rent 10: $1,378
    Unit 11 Info
  • Unit Furnished 11: Unfurnished
  • Unit Monthly Rent 11: $1,674
  • Unit Number Of Bath 11: 1.0
  • Unit Number Of Bed 11: 0.0
  • Unit Projected Total Monthly Rent 11: $3,000
  • Unit Total Monthly Rent 11: $1,674
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 16 Thornton Avenue

DateEvent & SourcePriceAppreciation
Oct 2, 2019Listed (Active)

CARETS #19507968

$5,000,000
DateEvent & SourcePrice
10/02/2019
Listed (Active)

CARETS #19507968

$5,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Thornton Avenue

Taxable ValueLand$815,796Additions$673,385Total$1,489,181
Tax Record2018$19,041
Home Facts
Finished Sq.Ft.9,546 SqFtLot Size3,597 SqFtStyleMulti-Family Res (5+ Units)Year Built1913Year Renovated1916ZoningLARD1.5CountyLOS ANGELESAPN4286024001

Schools near 16 Thornton Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Westminster Avenue Elementary SchoolPublicK-50.3 mi
4
Animo Venice Charter High SchoolCharter9-120.9 mi
4
Westside Global Awareness MagnetPublicK-81.1 mi
7
Mark Twain Middle School and World Languages MagnetPublic6-81.8 mi
4

Westminster Avenue Elementary School

K-5, 0.3 mi, Public

4

Animo Venice Charter High School

9-12, 0.9 mi, Charter

4

Westside Global Awareness Magnet

K-8, 1.1 mi, Public

7

Mark Twain Middle School and World Languages Magnet

6-8, 1.8 mi, Public

4

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.

Venice
Home to a vibrant surfing and skate culture, Venice maintains an edgy coolness that has long attracted the city’s free spirits.

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16 Thornton Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on October 2, 2019 by Compass at $5,000,000. Nearby schools include Mark Twain Middle School and World Languages Magnet, Teach Academy Of Technologies and Math, Science, & Technology Magnet Academy At Roosevelt High. 16 Thornton Avenue is a 0-bed, 12-bath, 9,546 sqft multi-family home built in 1913.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Mike Springer, DRE #01265333
The information being provided by CARETS and CRMLS is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS or CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.