412 Brooks Avenue
412 Brooks Avenue
$1,938,930
4
4
2,355
2,355
$823
Sold 3/31/22
Description
We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of...We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of 445%, its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner-occupied buyer who wants to live in one of the units and collect rent on the other three. Furthermore, this property's zoning (LARD1.5) also offers an investor the potential for future redevelopment of 4 units/condos. Lastly, since this property has 4-units, it qualifies for residential financing. Three of these units will be delivered vacant.
- Listed by Ra-Son Theus • DRE #01843711 • Brokerage DRE #01146818 • Keller Williams Inglewood
- Listed by Heather Presha • DRE #01493661 • Brokerage DRE #01146818 • Keller Williams Inglewood
Property Details for 412 Brooks Avenue
Zoning
LARD1.5
Cross Streets4th Street
Parcel Number4239010020
Total Units4.0
Living Area2355
Source Living AreaVendor Enhanced
AreaVenice (C11)
Vacancy Rate7200
Location
LISTING UPDATED: 04/01/2022 08:46 PM
Property Details for 412 Brooks Avenue
Status | Sold |
---|---|
MLS # | 22-119704 |
Days on Market | 55 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.11 AC / 4,999 SF |
County | Los Angeles County |
Location
Building Information for 412 Brooks Avenue
Stories1Residences-Year Built1964Building Size-Lot Size0.11 AC / 4,999 SF
Payment Calculator
$12,596 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 412 Brooks Avenue
Property History for 412 Brooks Avenue
Date | Event & Source | Price | Appreciation |
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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 412 Brooks Avenue
Taxable ValueLand$1,836,000Additions$141,678Total$1,977,678
Tax Record2023$24,163 ($2,014 / month)
Home Facts
Total Finished SqFt2,355 SqFtAbove Grade Finished SqFt2,355 SqFtLot Size4,999 SqFtStyleQuadraplexYear Built1964ZoningLARD1.5CountyLOS ANGELESAPN4239-010-020
Schools near 412 Brooks 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 - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westminster Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Animo Venice Charter High School Charter9 to 12 |
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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