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Multifamily

14 Brooks Ave

14 Brooks Ave, Los Angeles, CA 90291

Listing Price: $12,299,000

Cap Rate
3.30%
Number of Units
14
Price/Unit
$878,500
Price/Gross SF
$2,323.20
Gross SF
5,294

Investment Overview

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.?

Investment Highlights

  • The asset is "One of One" - nothing like it anywhere!
  • Over $3.5MM in Custom Renovations and Capital Improvements
  • Impeccable Fit & Finish Inside-and-Out
  • 2,500+ Sq. Ft. Furnished Rooftop Deck
  • Only Steps to Sand & Surf
  • The "perfect" unit type for this discerning & youthful renting base

Exclusively Listed By

Multifamily

14 Brooks Ave

Listing Price: $12,299,000

Cap Rate
3.30%
Number of Units
14
Price/Unit
$878,500
Price/Gross SF
$2,323.20
Gross SF
5,294

Investment Highlights

  • The asset is "One of One" - nothing like it anywhere!
  • Over $3.5MM in Custom Renovations and Capital Improvements
  • Impeccable Fit & Finish Inside-and-Out
  • 2,500+ Sq. Ft. Furnished Rooftop Deck
  • Only Steps to Sand & Surf
  • The "perfect" unit type for this discerning & youthful renting base

Investment Overview

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.?

Exclusively Listed By

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