1411 Innes pl, Venice, CA 90291
Active
$3,390,000
5 Units
10 Beds
5 Baths
4,032 Area(sq.ft.)
Lot: 4,000 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,350 | $ 3,350 | $ 3,400 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,300 | $ 3,300 | $ 3,400 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,260 | $ 3,260 | $ 3,400 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,400 | $ 3,400 | $ 3,400 |
| Unit 5 | 1 | 2 | 1.75 | No | $ 3,436 | $ 3,436 | $ 3,500 |
| 5 | 10 | 6 | $ 16,746 | $ 16,746 | $ 17,100 |
| MLS #: | 25554049 |
| Days On Market: | 230 |
| Listing Date: | June 18, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 841 |
| Price per unit: | $ 678,000 |
| Year Built: | 1958 |
Property Details
Well maintained two-story 5-unit apartment near Venice Beach. The property consists of four 2+1 and one 2+1.75 units. New roof, electrical main panel and water heaters. Units 1, 2 and 5 have been renovated and Unit 4 is being renovated, which can be delivered vacant. Great location with high rental demand area and stable income stream.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 196,423 |
| Total Annual Expense: | $ 64,872 |
| Net Operating Income: | $ 131,552 |
| Gross Annual Income: | $ 202,452 |
| Cap Rate: | 3.88% |
| Gross Rent Multiplier: | 16.74 |
| Actual Gross Rent: | $ 202,452 |
| Actual Gross Income: | $ 202,452 |
| Actual Rent Total: | $ 200,952 |
Structure
| Type of Units: | 2+1 |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LAC4 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | None |
| Equipment: | Microwave, Garbage Disposal, Dishwasher, Refrigerator, Range/Oven |
| Heating: | Wall |
Exterior
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