1025 PLEASANTVIEW AVE
1025 PLEASANTVIEW AVE
1025 PLEASANTVIEW AVE
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Sold

1025 PLEASANTVIEW AVE

1025 PLEASANTVIEW AVE, VENICE, CA 90291

$3,150,000

4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing!

8
beds

7
baths

2,801 Sq.Ft. LIVING AREA

0.096 Acres lot

Trevor Levin

Trevor Levin

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms7

Area & Lot

  • Status Sold
  • Living Area2,801 Sq.Ft.
  • Lot Area0.096 Acres
  • MLS® ID22-141405
  • TypeMULTI_FAMILY
  • YEAR BUILT1977

Exterior

  • STORIES2
  • parkingOther
  • HEAT TYPEOther
  • AIR CONDITIONINGOther

Financial

  • Sales Price$3,150,000
  • Zoning LARD1.5

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