Back To Search
2508 Naples Avenue
Venice, CA 90291
Sold
Only $233K per door for prime Venice! We are pleased to present for sale a generational multi-family portfolio on the famed Westside of world-renowned Los Angeles. The 58 apartment units are spread across two properties that have been owned by the same family for six decades. The properties may be purchased individually or collectively. The smaller of the assets comprises 18 units in a single U-shaped structure at 2508 Naples Avenue in Venice, CA. The property was built in 1949 and is located in the commercial heart of Venice within the economic powerhouse of Silicon Beach. Situated southwest of the intersection of Lincoln and Venice Boulevards nestled among multimillion dollar single-family homes, 2508 Naples is at the crossroads connecting the famous beachside community to its Westside neighbors. Naples exudes charm from the inviting courtyard and old-world second-floor catwalk to the well-laid out interior floorplans. There is on-site parking for 11 cars with a newly refurbished laundromat directly next door along Venice Boulevard. The property has a newer roof as well as new electrical subpanels and main breakers. The neighborhood of Venice is a perennial favorite among both locals and out-of-town transplants. From an investment standpoint, the portfolio offers significant opportunity. Current rents at Naples average $2.73 per square foot while prevailing market rents for renovated units are in the range of $4.47 per square foot. This means a comprehensive rehabilitation and renovation plan would yield the savvy investor enormous income gains.
PROPERTY INFORMATION
| MLS # | 23317053 | Lot Size | 11,606 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 4,200,000
Price Per SqFt: $ 453 |
DOM | 581 Days |
| Address | 2508 Naples Avenue | Type | Residential Income |
| City | Venice | Sq.Ft. | 9,268 Sq. Ft. |
| Postal Code | 90291 | Garage | N/A |
| County | Los Angeles | Year Built | 1949 |
| Bed / Bath | 18 / 0 | Parking | 11 |
| Built In | 1949 | Status | Closed |
| Sold Date | 2023-12-08 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,480
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/09/2023 | Pending | $4,200,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Interested in buying or selling a home similar to 2508 Naples Avenue?
Listing provided courtesy of Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
