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2418 Pacific Avenue

Venice, CA 90291

– beds
– baths
– sqft
2,755 sqft lot
1965 build
– on site

For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# SB24081257 —

The Building

Year Built:

1965
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

2802.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

Front
Laundry:

Common Area
Laundry:

1

Location

Directions:

Pacific Ave and Venice Blvd
Latitude:

33.98314500
Longitude:

-118.46826200

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LARD1.5
Lot Features:

0-1 Unit/Acre
Lot Size Area:

2755.0000
Lot Size Acres:

0.0632
Lot Size SqFt:

2755.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

29
Tax Census Tract:

2739.02
Tax Tract:

1234
Tax Lot:

10

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4227004038
Showings Begin:

2024-04-29

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/16/24 Jul 16, 2024	Price Changed	CRMLS_CA	$2,150,000	-1.1%
6/5/24 Jun 5, 2024	Price Changed	CRMLS_CA	$2,175,000	-1.1%
4/29/24 Apr 29, 2024	Listed / Active	CRMLS_CA	$2,200,000

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This multifamily located in Silicon Beach, Los Angeles, CA 90291 is currently for sale for $2,150,000. 2418 Pacific Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 206 days. 2418 Pacific Avenue is in the Silicon Beach neighborhood of Los Angeles and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Venice Senior High School and Mark Twain Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 18:02 on Nov 21.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.