PLEASE DO NOT DISTURB TENANTS. Excellent opportunity to purchase two (2) side-by-side 9-unit buildings (1917 and 1921 Canal St) a few blocks from the famous Venice Canals and Ocean Front Walk (Identical unit mixes, building square footages, and lot sizes). All the Bachelor units (both buildings) have kitchenettes. One… Read More unit will be delivered vacant. Some units have been updated. Some rents well under market value with big upside when units become vacant (Projected at more than 90%). Total of 16 parking spots allocated to tenants. 1917 Canal St has one two car garage. See Income and unit breakdowns. Inside with accepted offer. Soft Story Retrofit Completed. Balcony inspections and work completed. Laundry income $2544/yr. CAP Rate includes property taxes based on the listing price. Virtual Tour button has drone video of the property and the area. Read Less
Property listed by Dogtown Realty, Jeff Konecke 310-562-7429
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
14
Square Ft.
12,822
Lot Size
0.27 Acres
Year Built
1972
MLS Number
25609189
30 Days Snapshot Of 90291
$2.91M
+51%
(avg) sold price
12
-25%
homes sold
82
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator
Building
Built in 1972, Building area total: 12,822, Levels: Two, Living area: 12822, 2 stories, 2 buildings
Cooling
None
Expenses
Electric expense: $2,489, Gardener expense: $2,280, Insurance expense: $17,429, Maintenance expense: $15,402, New taxes expense: $57,500, Trash expense: $9,816, Water sewer expense: $11,014
Heating
Radiant
Income
Gross income: $351,829, Net operating income: $211,078
Laundry
CommonArea, LaundryRoom
Lot
0.2745 acres, 11,958 square feet, Size: 11,958
Parking
16 totals parking, Assigned, Carport, Driveway
Property
Zoning: LARD1.5
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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