14 Ozone Avenue, Venice, CA 90291 - MLS#OC25124088

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 4,150,000

Est. payment | -/mo

3 Beds

4 Baths

Save

$ 4,150,000

Est. payment | -/mo

Save

3 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25124088

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

$100K PRICE REDUCTION! 14 Ozone Avenue is a 6-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of Venice as the property is in close proximity to Venice Boardwalk and Beach, Abbott Kinney, Santa Monica Pier and much more. 14 Ozone Avenue offers (1) Studio/One-Bathroom apartment, (1) One-Bedroom/One-Bathroom apartment, and (4) Two-Bedroom/Two-Bathroom apartments, totaling an average of 779 square feet. The property has 11 parking spaces consisting of 4 double garages for 8 spaces plus 3 open spaces. Five units have undergone recent plumbing and electrical upgrades and have been renovated with modern features such as stainless-steel appliances, quartz countertops, hardwood floors, and white-tile backsplashes in both the kitchens and bathrooms. Five of the units also feature Juliet Balconies, and one of the top-floor units boasts its own private patio/deck, with four units offering picturesque ocean views. There is an opportunity for the buyer to increase rental income by strategically renovating the units and adding an ADU. The seller has received approval from the City of Los Angeles to convert one of the garages into a Studio ADU, pending approval from the Coastal Commission. The property also features a rare amenity for the area - a total of 11 on-site parking spots, which will be reduced to 9 after the ADU conversion.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off of Ozone Avenue and Speedway

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 4286019001

Listed by Brent Sprenkle NorthMarq Realty Services, Inc

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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14 Ozone Avenue Venice, CA 90291