412 Brooks ave, Venice, CA 90291
Active
$2,400,000
4 Units
4 Beds
4 Baths
2,355 Area(sq.ft.)
Lot: 4,999 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,390 | $ 3,390 | $ 3,400 |
| Unit 2 | 1 | 1 | 1 | No | $ 3,430 | $ 3,430 | $ 3,400 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,141 | $ 1,141 | $ 3,400 |
| Unit 4 | 1 | 1 | 1 | No | $ 3,095 | $ 3,095 | $ 3,400 |
| 4 | 4 | 4 | $ 11,056 | $ 11,056 | $ 13,600 |
| MLS #: | 25528667 |
| Days On Market: | 287 |
| Listing Date: | April 22, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,019 |
| Price per unit: | $ 600,000 |
| Year Built: | 1964 |
Property Details
412 Brooks Avenue is a four-unit apartment building in the heart of Venice, California, just blocks from Abbott Kinney Blvd. and Main Street. Built in 1964, the property was fully renovated in 2024. All units are 1BD/1BA units with modern kitchens and baths and designer finishes and fixtures. Each unit has its own separate water heater. The property also comes with RTI permit for a 1200-square-foot ADU.Interested in this Listing?
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Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 129,856 |
| Total Annual Expense: | $ 52,687 |
| Net Operating Income: | $ 77,169 |
| Gross Annual Income: | $ 133,872 |
| Cap Rate: | 3.22% |
| Gross Rent Multiplier: | 17.93 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | One, Two |
| Security Features: | Gated |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Driveway |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Range/Oven, Refrigerator, Microwave, Dishwasher |
| Heating: | Wall |
Exterior
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