24 Breeze Avenue

Venice, CA 90291

$2,000,000
Last Sold Price
5
Beds
6
Baths
2,274 Sq. Ft.
$880 / Sq. Ft.
2,274
Sq. Ft.
$880
per Sq. Ft.

Description

24 Breeze Avenue, a rare four-unit investment opportunity in prime Venice delivered FULLY VACANT. Unbeatable location less than half a block from the beach. Situated just off of Pacific Avenue, the subject property is comprised of (2) two-bedroom and two-bath units, (1) one-bedroom and one-bath unit and (1) single. Please note, one of the two-bedroom and two-bath units is a townhouse style unit that would be ideal for an owner/user. Additionally, the spacious one bedroom unit is master metered for...24 Breeze Avenue, a rare four-unit investment opportunity in prime Venice delivered FULLY VACANT. Unbeatable location less than half a block from the beach. Situated just off of Pacific Avenue, the subject property is comprised of (2) two-bedroom and two-bath units, (1) one-bedroom and one-bath unit and (1) single. Please note, one of the two-bedroom and two-bath units is a townhouse style unit that would be ideal for an owner/user. Additionally, the spacious one bedroom unit is master metered for gas; allowing the owner to increase rent by an additional 1% each year. 24 Breeze Avenue also features a spacious front yard common area with mature trees that serve as a perfect option for outdoor entertainment. Well maintained by the current owner, all units have had luxurious amenity upgrades over time. The enhancements include marble or tile countertops, wood laminate floors or original hardwood floors, refinished deck, new roof and cooper plumbing.
  1. Listed by Michael Matthias • DRE #01489863 • Brokerage DRE #00625769 • Compass

Property Details for 24 Breeze Avenue

Zoning
LARD1.5-1
Parcel Number
4226003011
Total Units
4.0
Living Area
2274
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
2.5
Lot Size Area
2696

Location

Add your commute
LISTING UPDATED: 08/18/2020 12:11 PM

Property Details for 24 Breeze Avenue

StatusSold
MLS #20-569880
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.06 AC / 2,696 SF
CountyLos Angeles County

Location

Add your commute

Building Information for 24 Breeze Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.06 AC / 2,696 SF

Payment Calculator

$13,024 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24 Breeze Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $148,410
  • Net Operating Income: $98,281.00
  • Gross Income: $153,000
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $15.69
  • Total Annual Expense: 50129
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 2696
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 4
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Hood Fan
  • Laundry: In Carport
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-08-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 24 Breeze Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 24 Breeze Avenue

Taxable ValueLand$1,872,720Additions$209,020Total$2,081,740
Tax Record2023$25,306 ($2,109 / month)
Home Facts
Total Finished SqFt2,274 SqFtAbove Grade Finished SqFt2,274 SqFtLot Size2,699 SqFtStyleQuadraplexYear Built1963ZoningLARD1.5CountyLOS ANGELESAPN4226-003-011

Schools near 24 Breeze 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
Charter - 5 to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Equitas Academy Charter #2
Charter5 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Michael Matthias, DRE #01489863

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS 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 the MLS. 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.