11 19th ave, Venice, CA 90291
Active
$3,000,000
3 Units
4 Beds
5 Baths
2,724 Area(sq.ft.)
Lot: 2,640 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 2,028 | $ 2,028 | $ 2,200 |
| Unit 2 | 1 | 1 | 2 | No | $ 6,032 | $ 6,032 | $ 6,200 |
| Unit 3 | 1 | 2 | 2 | No | $ 6,523 | $ 6,523 | $ 6,900 |
| 3 | 3 | 5 | $ 14,583 | $ 14,583 | $ 15,300 |
| MLS #: | 25539061 |
| Days On Market: | 206 |
| Listing Date: | May 14, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,101 |
| Price per unit: | $ 1,000,000 |
| Year Built: | 1971 |
Property Details
PORTFOLIO SALE: 11 19TH AVE (3 UNITS), 20 19th AVE (4 UNITS) & 11 20th AVE (3 UNITS) PROPERTIES CAN BE SOLD TOGETHER OR SEPARATELY... 11 19th Ave in Venice, a fantastic triplex investment opportunity right in the heart of Venice on a charming "Walk Street", just steps away from the beach. Built in 1971, this fully renovated 2,724 square foot building is the perfect owner-user property, featuring a spacious 2-bedroom plus lofted bedroom / 2-bathroom unit with large bright spaces, ocean views and a large private balcony. This fully renovated unit has in-unit washer/dryer and features fireplaces in both the living room & the loft. There is also a large 1-bedroom plus lofted bedroom / 2-bathroom unit spanning three levels with sweeping ocean & coastal views from the loft area and a large rooftop sundeck. This unit also features fireplaces in the living room and lofted bedroom. The final unit is a first-floor studio with a fireplace and a privatized area of the patio (no kitchen). In addition to the sizable units, the property features a shared front patio along 19th Ave with a barbecue & furniture for entertaining. The property also features five, gated tuck-under parking spaces at the back of the building (3 stalls total, 2 are tandem). Additionally, there is a community laundry room by the parking area. While the property is currently fully occupied with very strong rents, it's the perfect opportunity for a buyer looking to live right by the beach and collect income from the other two units.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 170,106 |
| Total Annual Expense: | $ 55,094 |
| Net Operating Income: | $ 115,012 |
| Gross Annual Income: | $ 174,996 |
| Cap Rate: | 3.83% |
| Gross Rent Multiplier: | 17.14 |
Structure
| Type of Units: | 1+2,2+2,0+1 |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Central, Ceiling Fan, Window Unit(s) |
| Equipment: | Dishwasher, Dryer, Washer |
| Heating: | Wall |
| Laundry: | Community, In Unit |
| Patio Features: | Roof Top Deck, Balcony, Porch - Front |
Exterior
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