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Listed by Brett Lyon, DRE #01717818 • Lyon Stahl Investment Real Estate, Inc.
$1,900,000
Est. payment /mo
4,634 Sqft Lot
Active
1034 Pleasantview Venice, CA 90291
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26159033
Year Built 1987
Lot Size 4,634 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Situated in the heart of Venice, 1034 Pleasantview Ave presents the opportunity to acquire a well-maintained three-unit multifamily property in one of Los Angeles' most desirable coastal neighborhoods. Built in 1987, the property consists of three spacious 3-bedroom, 2-bathroom units totaling 3,720 square feet on a 4,634 square foot lot. The property's larger floor plans and newer construction provide a highly desirable housing option in a market where demand for quality rental housing remains strong. Offered at a 4.76% Current CAP Rate and 14.59 Current GRM, the property presents investors with the opportunity to acquire a well-located 1980s-constructed asset that is not subject to Los Angeles City Rent Control (only AB 1482 Statewide Rent Control). The property offers strong long-term income growth potential, achieving a projected 8.22% Pro Forma CAP Rate and 9.60 Pro Forma GRM. Recent capital improvements further enhance the property's appeal, including Hardie Board exterior siding, dual-pane windows, and a new roof installed in 2022. Additional amenities include in-unit laundry in all three units and gated carport parking with six total parking spaces. Built in 1987, the property offers a newer construction profile than much of the surrounding multifamily inventory, contrib
Location
State CA
County Los Angeles
Area C11 - Venice
Interior
Laundry In Closet
Exterior
Parking Features Carport , Gate / Door Opener
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 4239016004
Special Listing Condition Not Applicable
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