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    1411 Innes Pl

    Venice, CA 90291
    • $2,750,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • ID#: 21-709920
    Under Contract
    $2,750,000
    • 10
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,032
      SQFT
    • $682
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    4.45% CAP Rate on in Placed Rents! 1411 Innes Place presents a unique pride of ownership apartment in an A+ location situated in the heart of downtown Venice Beach, just steps from the famous Venice Sign and Abbot Kinney Blvd. Built in 1958, this two-story, walkup style building consists of five (5) total units with a great unit mix of entirely 2-bedroom, 1-bathroom units with one unit to be delivered vacant. The property features a gated entry with an intercom system, nine (9) tuck under parking spaces with the Soft Story Retrofit completed, ADT security cameras, bike racks, and on-site laundry services for additional income. Majority of the units have been upgraded with remodeled flooring, countertops, bathrooms, kitchen, stainless steel appliances, and windows. The property sits on 3,998 Sq Ft with LAC4 zoning in arguably the most desirable pocket of Venice Beach. This amazing location with a walk score of 94 is just off Pacific Ave, near Winward Circle, and is less than a quarter mile from the Venice Beach Boardwalk, Abbot Kinney Blvd, Rose Avenue Corridor; steps from all the great shops, restaurants, and nightlife in the area.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-10T23:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.cgluxuryhomesla.com/homes/115428340
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    1411 Innes Pl Venice, CA 90291

    • Price: $2,750,000
    • Status: Active Under Contract
    • ID#: 21-709920
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    4,032
    SQFT
    $682
    $/SQFT
    1958
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    4.45% CAP Rate on in Placed Rents! 1411 Innes Place presents a unique pride of ownership apartment in an A+ location situated in the heart of downtown Venice Beach, just steps from the famous Venice Sign and Abbot Kinney Blvd. Built in 1958, this two-story, walkup style building consists of five (5) total units with a great unit mix of entirely 2-bedroom, 1-bathroom units with one unit to be delivered vacant. The property features a gated entry with an intercom system, nine (9) tuck under parking spaces with the Soft Story Retrofit completed, ADT security cameras, bike racks, and on-site laundry services for additional income. Majority of the units have been upgraded with remodeled flooring, countertops, bathrooms, kitchen, stainless steel appliances, and windows. The property sits on 3,998 Sq Ft with LAC4 zoning in arguably the most desirable pocket of Venice Beach. This amazing location with a walk score of 94 is just off Pacific Ave, near Winward Circle, and is less than a quarter mile from the Venice Beach Boardwalk, Abbot Kinney Blvd, Rose Avenue Corridor; steps from all the great shops, restaurants, and nightlife in the area.
    Exterior Features

    Covered Parking 9 Lot Size Area 3998 Other Structures None Parking Garage Tandem Total Parking 9

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooling None Equipment IntercomAlarm SystemRefrigeratorDishwasher Heating Wall Laundry Equipment Own

    Property Features

    Gross Income 180600 Gross Operating Income 175860 Like Units1 5 Net Operating Income 122239.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 53621 Type Of Units Walk-Up Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac4

    Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-10T23:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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