1208 Cabrillo ave, Venice, CA 90291
Active
$2,199,000
3 Units
3 Beds
6 Baths
2,241 Area(sq.ft.)
Lot: 2,700 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1.50 | No | $ 3,850 | $ 3,850 | $ 3,850 |
| Unit 2 | 1 | 1 | 1.50 | No | $ 3,800 | $ 3,800 | $ 3,850 |
| Unit 3 | 1 | 1 | 1.50 | No | $ 3,600 | $ 3,600 | $ 3,850 |
| 3 | 3 | 6 | $ 11,250 | $ 11,250 | $ 11,550 |
| MLS #: | 25525547 |
| Days On Market: | 234 |
| Listing Date: | April 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 981 |
| Price per unit: | $ 733,000 |
| Year Built: | 1914 |
Property Details
Prime Abbot Kinney Location! Don't miss out on this triplex of 3 beautifully restored 1-bedroom, 1.5-bath freestanding and Craftsman bungalows, ideally located just one block from Abbot Kinney and only four blocks to the beach. Built in 1914, this charming two-story home boasts original molding and beams that have been expertly restored, along with hardwood floors throughout. A wood and gas-burning fireplace adds character, while a skylight brightens the upstairs primary bedroom with en-suite half bath. The full kitchen, complete with a refrigerator, dishwasher, and in-unit washer and dryer offer modern conveniences. This triplex is a true trophy property, perfectly suited for investors who take pride in their collection. Between the fact that all units are currently rented at or close to market value and are rarely vacant, combined with the pride and upkeep of ownership over the years, this property offers a solid income opportunity for any investor or even an owner user who loves the beach life. Situated in the heart of the vibrant Abbot Kinney neighborhood, you're steps away from shops, restaurants, and events. The area comes alive in the summer, embodying the picture-perfect California lifestyle. With its prime location and classic charm, this bungalow offers an unparalleled opportunity to own a piece of one of Venice's most sought-after areas.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 135,000 |
| Total Annual Expense: | $ 24,021 |
| Net Operating Income: | $ 110,979 |
| Gross Annual Income: | $ 0 |
| Cap Rate: | 5.05% |
| Gross Rent Multiplier: | 16.29 |
Structure
| Type of Units: | Single |
| Buildings: | 3 |
| Levels: | Two |
| Security Features: | None |
| Style: | Craftsman |
| Sewer: | In Street |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | On street |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Range/Oven, Refrigerator, Stackable W/D Hookup |
| Heating: | Other, Floor |
| Fireplace Rooms: | Living Room |
| Laundry: | In Unit |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
