209 4th Avenue

Venice, CA 90291

$3,500,000
Price
12
Beds
12
Baths
6,850 Sq. Ft.
$511 / Sq. Ft.
6,850
Sq. Ft.
$511
per Sq. Ft.

Description

Rare opportunity to buy a well built and maintained building. Most units have ocean and/or neighborhood views. One upper view unit held open for possible owner occupancy. 6 bright, spacious 2BR/1.75 BA units- 1 with loft. 2-car gated parking for each unit. Location forms a Triangular Tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; Beaches to the west; Venice's Rose Avenue to the South and Main Street to the North, featuring an urban melange of vibrant dining options,...Rare opportunity to buy a well built and maintained building. Most units have ocean and/or neighborhood views. One upper view unit held open for possible owner occupancy. 6 bright, spacious 2BR/1.75 BA units- 1 with loft. 2-car gated parking for each unit. Location forms a Triangular Tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; Beaches to the west; Venice's Rose Avenue to the South and Main Street to the North, featuring an urban melange of vibrant dining options, artisanal boutiques and specialty shops. Building subject to Los Angeles (not Santa Monica) rent control. Anniversary date of last rent increase will be 3/1/2025. Occupied units shown with acceptable offer. Drone video available in video links. Photos offer a good visual representation of the views from different units. Seller states earthquake retrofit completed well in excess of current minimum standards.
  1. Listed by Wes Wellman • DRE #00467451 • Brokerage DRE #00467451 • Wellman Realty Co.

Property Details for 209 4th Avenue

Water Front
None
Zoning
LARD1.5
Style
Traditional
Parcel Number
4286001042
Total Units
6.0
Living Area
6850
Source Living Area
Vendor Enhanced
Area
Venice (C11)
LISTING UPDATED: 12/17/2024 10:41 AM

Property Details for 209 4th Avenue

StatusPending
MLS #24-444923
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.12 AC / 5,432 SF
CountyLos Angeles County

Building Information for 209 4th Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.12 AC / 5,432 SF

Property Information for 209 4th Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 6
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Owner
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Ocean, City
  • View: Ocean, City Lights
  • Security Features: Gated
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $249,787
  • Net Operating Income: $150,237.00
  • Gross Income: $249,787
  • Cap Rate: 4.29%
  • Gross Rent Multiplier: $14.01
  • Actual Annual Gross Rent: $249,787.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 99550
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1247
  • Lot Size Square Feet: 5432
  • Lot Size Dimensions: 42x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Community Garage, Driveway
  • Total Parking: 12
  • Parking Features: Community Structure, Driveway
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Features: Bath
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-03-2024
  • Listing Terms: Other
  • Rent Control: Yes
  • Tenant Pays: Gas, Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,868.00
  • Unit Actual Rent: $3,868.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,302.80
  • Unit Actual Rent: $2,302.80
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,951.20
  • Unit Actual Rent: $3,951.20
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,152.00
  • Unit Actual Rent: $4,152.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,791.60
  • Unit Actual Rent: $2,791.60
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $655,998.00
  • Assessed Improvement Percent: 81.95
  • Assessed Land Value: $144,452.00
  • Assessed Land Percent: 18.05
  • Assessed Total Value: $800,450.00
  • Private Transfer Taxes: No

Property History for 209 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 209 4th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wellman Realty Co., Wes Wellman, DRE #00467451

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.