Sold
214 Market St
Venice CA, 90291
$1,666,500
$649.96 per sqft
Sold
4 Baths
2,564 sqft
Multi-family
Built in 1910
Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.
24-405009
MLSⓇ ID
June 18, 2024
Listed
October 2, 2024
Updated
Map
214 Market St
Venice CA, 90291
Interior Features
Total Stories
2
Total Bathrooms
4
Appliances
Range/Oven, Refrigerator
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Wall Gas
Exterior/Building Features
Lot Size
0.05 Acres
Lot Features
Alley Paved, Front Yard, Street Paved, Street Lighting, Single Lot, Sidewalks
Architectual Style
Craftsman
Roof
Shingle
Other Property Details
Area Name
Venice
Days on Market
21
Garage
No
Parking
Side By Side
Parking Total
2
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
9/3/2024 | Sold | $1,666,500 |
7/11/2024 | Under contract | — |
Listed by Vivian Chaing with Property Concierge
Listing Contact: 310-463-5181
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor True Story Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024