1025 Pleasantview Ave

1025 Pleasant View Avenue, Los Angeles, CA

$2,250,000

Price

8.17%

Cap Rate

$183,763

NOI

Overview
Cap Rate
8.17%
NOI
$183,763
Pro Forma Cap Rate
8.17%
Building Size
2,801 sqft
Lot Area
4,179 sqft
Units
3
GRM
9.7
Year Built
1977
Price Per Sqft
$803.28
Price Per Unit
$750,000
Zoning
LARD1.5
Floors
2
Description

Year-One 8.17 Cap Rate!!! 1025 Pleasantview Ave is a Venice charmer located directly in the heart of Silicon Beach. The property sits a mile away from the Venice Grand Canals, is a 5-minute drive to the famed Venice Beach Boardwalk and pristine oceanfront, and is less than two blocks from the shops on Lincoln! The complex has the potential to draw in tech professionals, as it is less than a 5-minute drive to Buzzfeed and Google’s Venice Headquarters. With its impeccable location, this highly sought-after property offers a two-story Triplex containing two 1Bed/1Bath units (convertible to one 3 Bed/3 Bath unit) with a garage on the first floor, as well as two 2 Bed/ 2 Bath units (convertible to one 3 Bed/2 Bath unit and one 2 Bed/2 Bath unit) on the second floor, with the potential to legalize a 4th unit as an ADU. The property was built in 1977, provides Spanish- tiled roofing , features patios/balconies for all units, and showcases a spacious front yard. Regarded as one of the highest demand rental markets in the country, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation.

Highlights
  • Year-One Cap Rate 8.17 %
  • Delivered 100% Vacant
  • 1 Mile from Oceanfront, Venice Beach Boardwalk, and The Venice Grand Canals
  • 5-Minute Drive to Buzzfeed and Google Venice Headquarters
  • Incredible Two-Story Triplex, with one 3 Bed/3 Bath unit, one 3 Bed/2 Bath unit, and one 2 Bed/2 Bath unit
  • Potential to legalize a 4th unit as an ADU
  • All Units Include a Patio or Balcony

Location
Gallery