11 20th ave, Venice, CA 90291
Active
$2,775,000
3 Units
7 Beds
6 Baths
3,216 Area(sq.ft.)
Lot: 2,642 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | $ 7,030 | $ 7,030 | $ 7,100 |
| Unit 2 | 1 | 1 | 1 | No | $ 3,300 | $ 3,300 | $ 3,500 |
| Unit 3 | 1 | 3 | 2 | No | $ 6,219 | $ 6,219 | $ 6,400 |
| 3 | 7 | 6 | $ 16,549 | $ 16,549 | $ 17,000 |
| MLS #: | 25539037 |
| Days On Market: | 206 |
| Listing Date: | May 14, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 863 |
| Price per unit: | $ 925,000 |
| Year Built: | 1966 |
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 20th Ave, an incredible triplex investment opportunity, a stone's throw away from the beach in Venice. Situated on the corner of 20th Ave and Speedway on a charming "Walk-Street", this 3,216 square foot triplex features a ground floor unit with 3 bedrooms / 3-bathrooms. The second floor is comprised of two more units, one large & bright 3-bedroom / 2-bathroom, and another 1-bedroom / 1-bathroom unit. All three units have been tastefully remodeled with hardwood floors, quartz countertops, newer appliances, updated bathrooms, central A/C, and more. The main electrical panel and all the in-unit sub panels have also been upgraded. The property comes with ample amenities: the upstairs 3-bedroom unit includes an in-unit washer & dryer, and there is a community laundry room for the other two units (machines owned by landlord). There are three tuck-under parking spaces available behind the building, and an EV charger has been installed for tenant use. Lastly, there is a large, shared patio facing the 20th Ave walk-street. This corner-lot rental property is in an ultra-prime location of Venice Beach, just steps away from the Venice Boardwalk.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: | $ 192,630 |
| Total Annual Expense: | $ 51,048 |
| Net Operating Income: | $ 141,582 |
| Gross Annual Income: | $ 198,588 |
| Cap Rate: | 5.1% |
| Gross Rent Multiplier: | 13.97 |
Structure
| Type of Units: | 1+1,3+2,3+3 |
| Buildings: | 1 |
| Levels: | Two |
| View Description: | Ocean |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Central |
| Equipment: | None |
| Heating: | Central |
| Laundry: | Community, In Unit |
| Laundry Equipment: | Own |
Exterior
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