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14 Brooks Ave Venice, CA 90291
$11,799,000
5,294 sq ft

Courtesy of Marcus & Millichap 424-405-3900

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

JUST REDUCED $500K TO $11,799,000. BRING ALL OFFERS. SELLER WILL MEET THE MARKET! 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.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1963

Appliances and Equipment

  • Range/Oven
  • Dishwasher

Bathrooms

  • 14.00 total bathrooms

House

  • 5,294 sq ft
  • Built in 1963

Cooling

  • Air Conditioning

Disclosures

  • None

Garage

  • 7 total garage spaces
  • Parking Space

Heating

  • Radiant

Listing

  • ListDate: 2022-07-21
  • PricePerSqFt: $2,229
  • 67 days on market

Location

  • County: Los Angeles
  • ListingArea: Venice

Lot

  • LotAcreage: 0.14
  • LotSizeArea: 6,117

Parking

  • OpenOtherSpacesTotal: 7
  • TotalParking: 14

Property

  • NumberOfUnits: 14
  • Zoning: LARD1.5

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