412 Brooks Avenue

Venice, CA 90291

$1,938,930
Last Sold Price
4
Beds
4
Baths
2,355 Sq. Ft.
$823 / Sq. Ft.
2,355
Sq. Ft.
$823
per Sq. Ft.

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.
  1. Listed by Ra-Son Theus • DRE #01843711 • Brokerage DRE #01146818 • Keller Williams Inglewood
  2. Listed by Heather Presha • DRE #01493661 • Brokerage DRE #01146818 • Keller Williams Inglewood

Property Details for 412 Brooks Avenue

Zoning
LARD1.5
Cross Streets
4th Street
Parcel Number
4239010020
Total Units
4.0
Living Area
2355
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
7200

Location

Listing Courtesy of Keller Williams Inglewood, Ra-Son Theus, DRE #01843711; Keller Williams Inglewood, Heather Presha, DRE #01493661

Sold By Berkshire Hathaway Home Srvcs, Betty Huang, DRE #02121350

Add your commute
LISTING UPDATED: 04/01/2022 08:46 PM

Property Details for 412 Brooks Avenue

StatusSold
MLS #22-119704
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.11 AC / 4,999 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Inglewood, Ra-Son Theus, DRE #01843711; Keller Williams Inglewood, Heather Presha, DRE #01493661

Sold By Berkshire Hathaway Home Srvcs, Betty Huang, DRE #02121350

Add your commute

Building Information for 412 Brooks Avenue

Stories1Residences-Year Built1964Building Size-Lot Size0.11 AC / 4,999 SF

Payment Calculator

$12,596 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,582

Property Taxes

$2,014

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 412 Brooks Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 1 Bedroom
  • Security Features: Gated
  • Direction Faces: North
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $144,000
  • Net Operating Income: $107,031.00
  • Gross Income: $144,000
  • Cap Rate: 5.48%
  • Gross Rent Multiplier: $13.54
  • Actual Annual Gross Rent: $32,364.00
  • Actual Gross Annual Income: $32,364
  • Actual Rent Total: $32,364.00
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 29769
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 4999
  • Lot Size Dimensions: 40 x 125
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Ground Level
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: In Kitchen
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-19-2022
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,097.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Disposal: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Range: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $37,014.00
  • Assessed Improvement Percent: 9.09
  • Assessed Land Value: $370,257.00
  • Assessed Land Percent: 90.91
  • Assessed Total Value: $407,271.00

Property History for 412 Brooks 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 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.

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 Keller Williams Inglewood, Ra-Son Theus, DRE #01843711; Keller Williams Inglewood, Heather Presha, DRE #01493661

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.