640 Santa Clara Ave
640 Santa Clara Ave
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$4,700,000

640 Santa Clara Ave

11 Beds 11 Baths 5,784 Sq.Ft.

Description

Charming 1926 courtyard compound consisting of detached four 1 + 1 duplexes and one 1 + 1 triplex with landscaped center situated on two lots totaling 10,400 sq. ft. lot. Vacant unit rent projected at $2100. Eight small garages rented out for storage. Four currently occupied for a total of $700/mo. One used for laundry room. Additional three will bring in extra income of approx. $600/mo. Three parking spaces rented for $75/month each. Tenants pay electric and gas. Owner pays water, common area electric and laundry room gas. High walk score of 93 to restaurants, shopping, nightlife and transit on Lincoln Blvd. and Abbot Kinney Blvd. This property is a prime multi-unit investment opportunity with great upside potential located in a sought after rental market. Buyer to cooperate in a 1031 exchange at no cost or liability to buyer.

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Location

640 Santa Clara Avenue, Venice, CA 90291

Status

Sold
Todd Stein

Todd Stein

TITLE

Real Estate Agent | Principal

Property Amenities

View additional property information below.
Area & Lot
Living area 5,784 Sq.Ft.
MLS® ID 65699
Year Built 1926
Type OTHER
Status Sold
Finance
Sales Price $4,700,000

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