Listed by Brice Head, Marcus & Millichap,

14 Brooks Avenue

Venice, CA, 90291

$12,299,000

$2,323 per ft²
$12,299,000
$2,323 per ft²
Active
Active
 - For Sale
carpenters-square
5,294 ft²
property_type
Multi-family
calendar
Built 1963
14 Brooks has virtually no competition in the rental market, for a potential renter, nor in the investment property market, for a potential Buyer. It is "one of one". With OVER $3,500,000 of recent capital improvements, the asset is state-of-the-art in every way - and mere steps to world-famous sand and surf. It is superior to anything on the market. In a Venice location where "the lifestyle" is paramount, the asset is made up of 14 ultra-luxury Studio units with never-before-seen amenities, that are too numerous to mention, here. All topped with a massive, 2,500+ square foot, furnished, rooftop deck with a firepit and BBQ area. Grossing almost $650,000 year one. The offered 3.3% cap rate is superior to 5 and 10 year bond returns - with the additional benefits of capital appreciation and a haven for tax write-offs, unlike bonds. It is not only an excellent investment option for a real estate investor, but an investment option that competes for a stock and bond investor's dollar, as well....and wins. A perfect investment? I think so.
MLS® ID:
22181467
Listed:
7/20/22
Updated:
8/19/22

Interior Features

Kitchen Appliances
Dishwasher
Total Bedrooms
0
Total Bathrooms
0
Heating
Radiant

Exterior/Building Features

Lot Size
6,117 ft² lot

Other Property Details

Area Name
C11 - Venice
Garage
Yes
Garage Spaces
7
Parking
One Space
Parking Total
14.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LARD1.5

 

Listed by Brice Head, Marcus & Millichap,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/19/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 11:31 PM UTC, 8/19/22

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