412 Brooks Ave, Venice, CA 90291
SOLDMAR 31, 2022

412 Brooks Ave
Venice, CA 90291

Venice

Local Information

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Description

This property is no longer available to rent or to buy. This description is from April 01, 2022
We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of 445%, its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner-occupied buyer who wants to live in one of the units and collect rent on the other three. Furthermore, this property's zoning (LARD1.5) also offers an investor the potential for future redevelopment of 4 units/condos. Lastly, since this property has 4-units, it qualifies for residential financing. Three of these units will be delivered vacant.

Home Highlights

Parking
4 Open Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
49 days ago

Home Details for 412 Brooks Ave

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4
Dimensions and Layout
Living Area: 2355 Square Feet
Appliances & Utilities
Appliances: DisposalLaundry: In Kitchen,Gas Dryer Hookup
Heating & Cooling
Heating: Wall GasNo CoolingAir Conditioning: NoneHas Heating
Levels, Entrance, & Accessibility
Stories: 1Levels: Ground Level
Security
Security: Gated

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
Open Parking Spaces: 4No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: Assigned

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Active Status

MLS Status: Sold

Location

Direction & Address
City: Venice

Building

Building Area
Building Area: 2355 Square Feet

Lot Information

Lot Area: 5000.688 Square Feet

Listing Info

Special Conditions: Standard

Compensation

Buyer Agent Commission: 2.5Buyer Agent Commission Type: %

Business

Expense
Tenant Pays: Electricity, Gas

Rental

Owner Pays: Water, Grounds Care, Other
Last check for updates: about 6 hours ago
Listed by Ra-Son Theus DRE # 01843711, (323) 898-2953
Keller Williams Inglewood
Heather Presha DRE # 01493661, (323) 559-9081
Keller Williams Inglewood
Bought with: Betty Huang DRE # 02121350, Berkshire Hathaway Home Srvcs, (626) 913-2808
Source: CLAW, MLS#22-119704

Price History for 412 Brooks Ave

Event DetailsPrice
03/31/2022
Sold
CLAW #22-119704
$1.94M

03/23/2022
Pending
CLAW #22-119704
$1.95M

01/19/2022
Listed For Sale
CLAW #22-119704
$1.95M

06/06/2021
PriceChange
CRMLS #21722902
$1.85M

04/28/2021
Listed For Sale
CRMLS #21722902
$2.1M

04/16/1998
Sold
Public Records
$277K

Property Taxes and Assessment

Year2021
Tax$5,124
Assessment$407,271
Home facts updated by county records

LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project
© 2022 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2022-05-21 06:10:53 PDT. 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 412 Brooks Ave

Off Market Homes Near 412 Brooks Ave

412 Brooks Ave, Venice, CA 90291 is a 4 bedroom, 4 bathroom multi-family built in 1964. 412 Brooks Ave is located in Venice, Venice. This property is not currently available for sale. 412 Brooks Ave was last sold on Mar 31, 2022 for $1,938,930 (1% lower than the asking price of $1,950,000). The current Trulia Estimate for 412 Brooks Ave is $2,316,700.