Description
14 Ozone Avenue Apartments is a 6-unit apartment community constructed in 1973.14 Ozone Avenue Apartments 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 apartment measuring approximately 400 square feet, 1 one-bedroom apartment measuring approximately 675 square feet, and 4 two-bedroom apartments measuring approximately 900 square feet. The average unit size is approximately 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 56% 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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School Ratings & Info
Description
14 Ozone Avenue Apartments is a 6-unit apartment community constructed in 1973.14 Ozone Avenue Apartments 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 apartment measuring approximately 400 square feet, 1 one-bedroom apartment measuring approximately 675 square feet, and 4 two-bedroom apartments measuring approximately 900 square feet. The average unit size is approximately 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 56% 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T08:33:35.17. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.