1167 Nelrose ave, Venice, CA 90291
Active
$1,475,000
3 Units
4 Beds
3 Baths
1,888 Area(sq.ft.)
Lot: 4,401 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,465 | $ 1,198 | $ 2,600 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,465 | $ 1,731 | $ 2,600 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,800 | $ 2,800 | $ 3,000 |
| 3 | 4 | 3 | $ 5,730 | $ 5,729 | $ 8,200 |
| MLS #: | 25528605 |
| Days On Market: | 228 |
| Listing Date: | April 22, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 781 |
| Price per unit: | $ 491,667 |
| Year Built: | 1952 |
Property Details
Lee & Associates is pleased to present the opportunity to purchase this multi-family triplex at 1167 Nelrose Avenue, consisting of 1,888 square feet of building on 4,401 square feet of land. The property is situated in the heart of Venice, walking distance to iconic Abbot Kinney Boulevard.Originally built in 1952, the property is rich with history. Mature landscaping and an expansive shared patio create an inviting outdoor oasis. Currently built out as a triplex, with two units consisting of one-bedroom and one-bathroom, and one unit consisting of two- bedrooms and one-bathroom. The property offers tremendous upside potential to owner- occupants, investors and developers alike. One bedroom, one bathroom unit is available for owner/user. Do NOT disturb tenants. Call agent for showing details and offering memorandum.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 98,400 |
| Total Annual Expense: | $ 26,073 |
| Net Operating Income: | $ 72,327 |
| Gross Annual Income: | $ 98,400 |
| Gross Rent Multiplier: | 15.00 |
Structure
| Type of Units: | Triplex |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Ceiling Fan |
| Equipment: | Washer, Refrigerator, Range/Oven, Freezer, Dryer |
| Heating: | Wall Gas |
| Laundry: | Laundry Area |
Exterior
Detailed Map
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