14 Ozone Avenue, Venice, CA 90291
  • MLS#: OC25124088 ( Apartment )
  • Street Address: 14 Ozone Avenue
  • Viewed: 2
  • Price: $4,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Days On Market: 61
  • Additional Information
  • County: LOS ANGELES
  • City: Venice
  • Zipcode: 90291
  • Provided by: NorthMarq Realty Services, Inc
  • Contact: Brent Brent
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 4693.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 21
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 8.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 214474.00
Parcel Number
  1. 4286019001
Parking Features
  1. Garage
Pool Features
  1. None
Postalcodeplus4
  1. 2483
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. None
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440082036:CRM
Totalexpenses
  1. 83106.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 3.00
Vacancyallowance
  1. 8632
Water Sewer Expense
  1. 0.00
Water Source
  1. None
Year Built
  1. 1973
Year Built Source
  1. Assessor
Zoning
  1. LARD1.5