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1176 Nelrose Avenue

Venice, CA 90291
  • $5,250,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 22185581
UPDATED: 61 min ago
$5,250,000
  • 9
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,583
    SQFT
  • $940
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:
Area:

School Ratings & Info

Listing Agent(s): John Swartz of Compass (310-230-5478)


Description

The Kinney on Nelrose is an architectural masterpiece designed by GIBBS Architects, located in the heart of Silicon Beach. It is less than 1.5 miles from the world-famous Venice Beach and Abbot Kinney Boulevard. The building is comprised of 3 3-bedroom + 2.5-bathroom townhome style units. All units are 3 stories with the living area and private patios located on the top floors taking advantage of the views, the primary bedrooms located on the 2nd floor, and the guest rooms (in units A & B) located on the 1st floor. Unit features include top-shelf kitchens featuring Bertazzoni appliances, beautiful custom cabinets, custom bathrooms designed to give the tenants the beach vibe, private patios off the top floors, in-unit laundry, tankless water heaters, and much more. The exterior of The Kinney on Nelrose was designed to have a modern California beach feel that is unique to Venice Beach. The mural was painted by world famous graffiti artist Ruben Rojas. This is truly a one-of-a-kind building in an amazing location! Call for an offering memorandum.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T19:38:25.997. 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 Powerhouse Real Estate. Licensed in the State of California, USA.
www.thepowerhouserealestate.com/homes/131551597
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1176 Nelrose Avenue Venice, CA 90291

  • Price: $5,250,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 61 min ago
  • ID#: 22185581
9
Beds
0
Baths
0
½ Baths
0.1
Acres
5,583
SQFT
$940
$/SQFT
2022
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
The Kinney on Nelrose is an architectural masterpiece designed by GIBBS Architects, located in the heart of Silicon Beach. It is less than 1.5 miles from the world-famous Venice Beach and Abbot Kinney Boulevard. The building is comprised of 3 3-bedroom + 2.5-bathroom townhome style units. All units are 3 stories with the living area and private patios located on the top floors taking advantage of the views, the primary bedrooms located on the 2nd floor, and the guest rooms (in units A & B) located on the 1st floor. Unit features include top-shelf kitchens featuring Bertazzoni appliances, beautiful custom cabinets, custom bathrooms designed to give the tenants the beach vibe, private patios off the top floors, in-unit laundry, tankless water heaters, and much more. The exterior of The Kinney on Nelrose was designed to have a modern California beach feel that is unique to Venice Beach. The mural was painted by world famous graffiti artist Ruben Rojas. This is truly a one-of-a-kind building in an amazing location! Call for an offering memorandum.
Exterior Features

Parking Features AssignedControlled EntranceCovered Parking Total 8

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 4.37 Garage YN Yes Gross Income 312000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 229665 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T19:38:25.997. 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 Powerhouse Real Estate. Licensed in the State of California, USA.
 
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Powerhouse Real Estate
2447 Pacific Coast Highway, 2nd Floor
Hermosa Beach CA, 90254
Listing Agent(s): John Swartz of Compass (310-230-5478)