Active
$4,250,000
6 Units
3 Beds
4 Baths
4,693 Area(sq.ft.)
Lot: 3,049 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | Yes | $ 2,350 | $ 2,350 | $ 2,850 |
| Unit 2 | 1 | 1 | 1 | Yes | $ 2,389 | $ 2,389 | $ 3,500 |
| Unit 3 | 4 | 2 | 2 | Yes | $ 4,635 | $ 18,540 | $ 22,000 |
| 6 | 9 | 10 | $ 23,279 | $ 78,899 | $ 94,350 |
| MLS #: | OC25124088MR |
| Days On Market: | 198 |
| Listing Date: | May 21, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 906 |
| Price per unit: | $ 708,333 |
| Year Built: | 1973 |
Property Details
14 Ozone Avenue is a 6-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of Venice as the property is in close proximity to Venice Boardwalk and Beach, Abbott Kinney, Santa Monica Pier and much more. 14 Ozone Avenue offers (1) Studio/One-Bathroom apartment, (1) One-Bedroom/One-Bathroom apartment, and (4) Two-Bedroom/Two-Bathroom apartments, totaling an average of 779 square feet. The property has 11 parking spaces consisting of 4 double garages for 8 spaces plus 3 open spaces. Five units have undergone recent plumbing and electrical upgrades and have been renovated with modern features such as stainless-steel appliances, quartz countertops, hardwood floors, and white-tile backsplashes in both the kitchens and bathrooms. Five of the units also feature Juliet Balconies, and one of the top-floor units boasts its own private patio/deck, with four units offering picturesque ocean views. There is an opportunity for the buyer to increase rental income by strategically renovating the units and adding an ADU. The seller has received approval from the City of Los Angeles to convert one of the garages into a Studio ADU, pending approval from the Coastal Commission. The property also features a rare amenity for the area - a total of 11 on-site parking spots, which will be reduced to 9 after the ADU conversion. CONTACT LISTING BROKER FOR ADDITIONAL DETAILS!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 297,581 |
| Total Annual Expense: | $ 84,305 |
| Net Operating Income: | $ 213,275 |
| Cap Rate: | 5.02% |
| Gross Rent Multiplier: | 13.88 |
Structure
| Community Features: | Biking, Curbs, Dog Park, Fishing, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban |
| Sewer: | Not Available |
| Water: | None |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
| Total Parking: | 11 |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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