14 Brooks Ave

Venice, CA, 90291

$11,799,000

$2,228 per ft²
$11,799,000
$2,228 per ft²
Active
Active
 - For Sale
baths
14 Baths
carpenters-square
5,294 ft²
property_type
Multi-family
calendar
Built 1963
JUST REDUCED $500K TO $11,799,000. BRING ALL OFFERS. SELLER WILL MEET THE MARKET! 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.
MLS® ID:
22-181467
Listed:
7/20/22
Updated:
9/27/22

Interior Features

Total Bedrooms
0
Total Bathrooms
14
Cooling
Air Conditioning
Heating
Radiant

Exterior/Building Features

Lot Size
6,117 ft² lot
Exterior Features
None

Other Property Details

Garage
Yes
Garage Spaces
7
Parking
Parking Space
Parking Total
14.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LARD1.5

Property History

Date
Event
Price
Value
9/7/22
Price Change
$11,799,000
-4%

 

Courtesy of Brice Head, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/27/22

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