1300 Riviera ave, Venice, CA 90291
Active
$2,295,000
5 Units
5 Beds
5 Baths
2,856 Area(sq.ft.)
Lot: 4,933 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 2,521 | $ 10,421 | $ 12,650 |
| Unit 2 | 1 | studio | 1 | No | $ 2,184 | $ 2,250 | $ 2,250 |
| 5 | 4 | 5 | $ 12,268 | $ 43,934 | $ 52,850 |
| MLS #: | 25543305 |
| Days On Market: | 197 |
| Listing Date: | May 23, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 804 |
| Price per unit: | $ 459,000 |
| Year Built: | 1914 |
Property Details
1300-1304 Riviera Ave | 5-Unit Craftsmans in Prime Venice .Classic 1914 five-plex on a 4,929 SF corner lot; three blocks to Abbot Kinney and a short stroll to the Boardwalk Efficient mix: (3) 1-bed / 1-bath, (1) studio, (1) 1-bed + office; total 2,856 SF of living area Recent cosmetic and systems upgrades keep capital expenses low; rents still about below market so upside is clear Street-parking property in a bike-and-walk tenant pocket; tenants pay for locationInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 143,707 |
| Total Annual Expense: | $ 48,113 |
| Net Operating Income: | $ 95,594 |
| Gross Annual Income: | $ 151,270 |
| Cap Rate: | 4.17% |
| Gross Rent Multiplier: | 15.17 |
Structure
| Type of Units: | Market Rate |
| Buildings: | 2 |
| Levels: | One |
| Style: | Craftsman |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | None |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | None |
| Heating: | Wall |
Exterior
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