117-117 1/2 is a 9-unit apartment building located in the heart of Venice. It is located across the street from the Google Headquarters and the future site of the 341 - unit development for the Venice Metro Yard. The development plan features 12,900 square feet of public open… Read More space, a pedestrian crossing for beach access and integration of the existing Vietnam War Memorial. In addition, the project offers 30,000 square feet of commercial space and a subterranean parking garage for residents, commercial tenants, and beach visitors. The property consists of a 2 bedroom + 1 bath house over the garage, 4 - 1 bedroom + 1 bath and 4 Studios. Long term owner - first time on the market in more than 40 years. The property is individually metered for electricity. The 4 Studios are master metered for gas. The remaining 5 units are individually metered for gas. It has copper plumbing and been earthquake retrofitted. Several of the kitchens and bathrooms have been remodeled. The units have hardwood floors. There is on site laundry. The other income ($11,100/year) is from the laundry, parking and garage. The property is located less than 2 blocks from Pacific Ocean on a beautiful walk street surrounded by multi-million dollar homes. It has a 94 Walkscore - close to Abbott Kinney, Main Street, Rose Avenue and the Venice Boardwalk. Read Less
Property listed by Michael Anthony Salerno, Michael A Salerno 310-259-7556
Listing Snapshot
Days Online
10
Last Updated
Beds
6
Square Ft.
3,778
Lot Size
0.09 Acres
Year Built
1922
MLS Number
26829513
Additional Details
Building
Built in 1922, Living area: 3778.0, 2 buildings, 2 stories, Levels: One
Cooling
None
Income
Gross Income: $232,800, Net Operating Income: $159,549
Lot
0.0892 acres, Dimensions: 30x130
Parking
3 total parking spaces, Garage
Taxes
Parcel Number: 4286016020, Zoning: LAR3
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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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