412 Brooks Avenue

Venice, CA 90291

$2,499,999
Price
4
Beds
4
Baths
2,355 Sq. Ft.
$1,062 / Sq. Ft.
2,355
Sq. Ft.
$1,062
per Sq. Ft.

Description

An investor's dream in the heart of Venice! Discover this newly renovated quadplex on a 4,999 sq ft lot, each unit offering 1 bed/1 bath. With already approved plans and RTI permits for a spacious 1,200 sq ft, 3-bedroom second-floor unit, the upside potential here is unmatched! Three units are equipped with its own entrance from the outside, parking at the rear, separate gas and electric meters, and laundry hookups. Nestled in a prime location just a few blocks from Abbot Kinney Blvd, Rose Ave, Main...An investor's dream in the heart of Venice! Discover this newly renovated quadplex on a 4,999 sq ft lot, each unit offering 1 bed/1 bath. With already approved plans and RTI permits for a spacious 1,200 sq ft, 3-bedroom second-floor unit, the upside potential here is unmatched! Three units are equipped with its own entrance from the outside, parking at the rear, separate gas and electric meters, and laundry hookups. Nestled in a prime location just a few blocks from Abbot Kinney Blvd, Rose Ave, Main St, and Venice Beach. Its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. It truly doesn't get any better than this! All units are currently occupied. Showings are available upon accepted offer.
  1. Listed by David Solomon • DRE #01386406 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.

Property Details for 412 Brooks Avenue

Zoning
LARD1.5
Parcel Number
4239010020
Total Units
4.0
Living Area
2355
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
4999
LISTING UPDATED: 09/18/2024 12:01 AM

Property Details for 412 Brooks Avenue

StatusActive
MLS #24-438629
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.11 AC / 4,999 SF
CountyLos Angeles County

Building Information for 412 Brooks Avenue

Stories1Residences-Year Built1964Building Size-Lot Size0.11 AC / 4,999 SF

Property Information for 412 Brooks Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 1 bedroom
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $64,179
  • Net Operating Income: $64,178.74
  • Gross Income: $118,993
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 54814.78
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 4999
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,304.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,404.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,097.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,404.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $141,678.00
  • Assessed Improvement Percent: 7.16
  • Assessed Land Value: $1,836,000.00
  • Assessed Land Percent: 92.84
  • Assessed Total Value: $1,977,678.00

Property History for 412 Brooks Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 412 Brooks Avenue

Taxable ValueLand$1,872,720Additions$144,511Total$2,017,231
Tax Record2024$24,639 ($2,053 / month)
Home Facts
Total Finished SqFt2,355 SqFtAbove Grade Finished SqFt2,355 SqFtLot Size4,999 SqFtStyleQuadraplexYear Built1964ZoningLARD1.5CountyLOS ANGELESAPN4239-010-020

Schools near 412 Brooks 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
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 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.

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412 Brooks Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on September 10, 2024 by Douglas Elliman of California, Inc., it's currently listed at $2,499,999. It has been on the market for a total of 57 days and was last sold on March 31, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 412 Brooks Avenue is a 4-bed, 4-bath, 2,355 sqft multi-family home built in 1964.

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 Douglas Elliman of California, Inc., David Solomon, DRE #01386406

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.