Nansco Management Inc.
Listed by Nansco Management Inc., ADR
$1,595,000
2010 CANAL ST VENICE CA 90291
Details
APN 4238023019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,012
Net Rentable (SqFt) 2,012
Units 2
Cap Rate 4.07%
NOI $64,928
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.7%
Pro-Forma NOI $106,798
Price per SqFt $793
Year Built 1979
Buildings 1
Stories 2
Acreage 0.071
Zoning Public Rec
Investment Type Value Add
Multifamily | 2 Units | $797,500/unit
Marketing description
Rare opportunity to acquire a side-by-side pair of Venice duplexes - 2008 and 2010 Canal Street - each offered at $1,595,000 and configured as two units plus a permitted ADU. Built in 19791980 and zoned RD2-1-O, these neighboring properties sit steps from the iconic Venice Canals, with walkable access to all Venice has to offer. ADU permits and plans are already issued, providing meaningful upside for the value-add investor or owner-operator. Comparable sales in the immediate area support strong per-unit valuations in one of LA's most supply-constrained coastal submarkets. Available individually or as a combined portfolio - contact us for the full Offering Memorandum.
Investment highlights
- Rare Venice Duplex with Permit & Plans for ADU
Listing Contacts
Nansco Management Inc.
Listed by Nansco Management Inc., ADR
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,928.00
$5,410.67/mo
Valuation Metrics
0
DSCR
4.07%
Cap Rate
4.07%
ROI
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