2418 Pacific Avenue

Venice, CA 90291

PRICE REDUCED

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-$50,000 (-2.27%)

$2,150,000

List Price

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1965

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Property Description

For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.

Listing Information

List Price $2,150,000
Status Active
MLS SB24081257
Type Residential Income
Subtype Quadruplex
Year Built 1965
Lot Size 2,755
Structure Size N/A
DOM 132
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Cameron Samimi DRE#02035763
Co-Listing Agent David Messiah DRE#02117893

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Cameron Samimi, David Messiah, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 11th, 2025 at 1:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.