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14 Brooks Avenue

Venice, CA 90291
  • $12,299,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 22181467
$12,299,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Listing Agent(s): Brice Head of Marcus & Millichap (424-405-3900)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131143175
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14 Brooks Avenue Venice, CA 90291

  • Price: $12,299,000
  • Status: Active
  • On Site: 17 Days
  • ID#: 22181467
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1963
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
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.
Exterior Features

Parking Features One Space Parking Total 14

Interior Features

Appliances Dishwasher Heating Radiant Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 637800 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 618666 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Brice Head of Marcus & Millichap (424-405-3900)