tomo logo

$2,499,999

Beds
4
sq ft
2,355

412 Brooks Ave, Venice, CA 90291

412 Brooks Ave

Venice, CA 90291

  • 63 days on market
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.

Details

Property type

Est. home value

$1,885,087

Lot size

4,999 sq ft

Price per sq ft

$1,062

Year built

1964

HOA

No

Price History

09/10/2024
CLAW

CLAW #24438629

Listed
$2,499,999
-7.37%
08/31/2024
CLAW

CLAW #24403103

Removed
$2,699,000
06/12/2024
CLAW

CLAW #24403103

Listed
$2,699,000
+39.2%

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Lendingone Llc

Loan start date

August 2022

Original loan amount

$1,320,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial, 2 year

Seller

523 9Th Street Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 5:15 PM

Listing updated: 10/06/2024 at 2:50 PM

Listed by: David Solomon, Douglas Elliman of California, Inc. Phone #: (424) 203-1800

MLS: CLAW #24438629

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