828 Indiana ave, Venice, CA 90291
Active
$3,800,000
4 Units
10 Beds
8 Baths
3,822 Area(sq.ft.)
Lot: 5,281 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 4,368 | $ 4,368 | $ 4,368 |
| Unit 2 | 1 | 3 | 2 | No | $ 4,450 | $ 4,450 | $ 4,450 |
| Unit 3 | 1 | 2 | 2 | No | $ 3,952 | $ 3,952 | $ 3,952 |
| Unit 4 | 1 | 3 | 2 | No | $ 4,590 | $ 4,590 | $ 4,590 |
| 4 | 10 | 8 | $ 17,360 | $ 17,360 | $ 17,360 |
| MLS #: | PW25065871MR |
| Days On Market: | 278 |
| Listing Date: | May 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 994 |
| Price per unit: | $ 950,000 |
| Year Built: | 1965 |
Property Details
Presenting a beautifully renovated multifamily property consisting of 4 units, located just 1 mile from the iconic Venice Boardwalk. This property offers a unique opportunity for investors looking to acquire a fully occupied income-producing asset in a highly sought-after neighborhood. This 3,822 SF building is situated on a 5,281 SF lot featuring a gated front door and 4 gated parking spaces in the rear, offering privacy and security for tenants. A private common patio space and a well-maintained yard enhances the enjoyment for the tenants. There are separate electric and gas meters for each unit. The unit configurations are two 3bd/2ba & two 2bd/2ba. There are separate electric and gas meters for each unit. It s fully occupied please do NOT disturb tenants. No showing is allowed until an accepted offer.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 208,320 |
| Total Annual Expense: | $ 57,418 |
| Net Operating Income: | $ 150,902 |
| Cap Rate: | 4.1% |
| Actual Gross Rent: | $ 17,540 |
Structure
| Community Features: | Golf, Park |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Carport, Gated, Private |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Dryer Included, Washer, Washer Included |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Dryer, Dryer Included, Washer, Washer Included |
Exterior
| Pool: | No |
Detailed Map
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