14 Brooks Ave

05-25-2022
06-06-2022

14 Brooks Ave, Los Angeles, CA 90291

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

Property Description

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.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 12,299,000
No. of Units
14
Cap Rate
3.3%
GRM / GIM
19.28
Building Size
5,294 Sq ft
Lot Size
6117 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 878,500
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