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101 Dudley Avenue, Venice, CA 90291$12,998,000

3
beds
2
baths
18792
ft2
· 6017
ft2 lot
$692 / ft2

Listing provided courtesy of Matthew Sillaman, LB Property Management Inc
Source CRMLS;
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One of Venice’s most iconic buildings, 101 Dudley Avenue has been a Venice mainstay since its inception in 1914. A highly visible property on Pacific Avenue, 101 Dudley Avenue is a premier Venice location just steps from The World-Famous Venice Beach & Boardwalk. 101 Dudley Avenue itself is actually a public footpath designed for convenient beach access. Altogether, the property is 29-units, 22 of which are guest-rooms with common area bathrooms which lock for privacy and are kept clean by property management. 5 singles and 2 one bedroom-one bath units round out the total unit-mix. The property also features 11 surface parking spaces (a luxury for the area), all of which collect additional income. Given the ideal location and unit-mix, there’s unique optionality in targeting long or short-term rentals. The property features on-site laundry, entry courtyard, and is a secured access building. Buyer to verify all info. PLEASE SUBMIT ALL OFFERS. This is a RARE opportunity to acquire Venice history. The property is well-located in one of the most celebrated and coveted locations in the country. There’s no shortage of options with immediate proximity to well-known retail destinations, eateries, and entertainment. The area is anchored by Main Street, Abbot Kinney, and Rose Avenue – All within a short walk. The property is at the center of everything Venice. Adjacent neighborhoods include Santa Monica and Silicon Beach.

HOA

$0/month

On market

1 month

Year built

1914

Property type

Multi-Family

Parking

11

MLS

SR22181465

Price / Sq.Ft.

$692 / ft2

Status

Active

Buyer’s Brokerage Commission

1.5%

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Home details for 101 Dudley Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 18792.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned
•   
Garage Spaces: 11.00
•   
Uncovered Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR3
•   
Num Stories: Three Or More
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Level
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1381
•   
Lot Size Area: 6017.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 29
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 10
•   
Number Of Separate Gas Meters: 10
•   
Number Of Separate Water Meters: 10
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 13474.00
•   
Laundry Income: 0.00
•   
Maintenance Expense: 21750.00
•   
Pest Control Expense: 800.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 3345.00
•   
New Taxes Expense: 155976.00
•   
Insurance Expense: 3583.00
•   
Professional Management Expense: 20324.00
•   
Total Expenses: 236567.00
•   
Gross Scheduled Income: 525138.00
•   
Tax Block: C
•   
Operating Expense: 236567.00
•   
Gardener Expense: 0.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 26832.00
•   
Tax Year: 2021
•   
Taxes: 20832.59
Lease Info
•   
Net Operating Income: 272817.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 17024.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 4198.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 2.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 4198.00
Unit 2 Information
•   
Unit 2 Actual Rent: 9943.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 5
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 5.00
•   
Unit 2 Total Rent: 9943.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 22
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 4.00
•   
Unit 1 Actual Rent: 27385.00
•   
Unit 1 Total Rent: 27385.00
Multi Unit Information
•   
# Of Units: 3
•   
Price Per Unit: 448207
School Neighborhood & Directions
Location
•   
Community Features: Urban
School Info
•   
Directions: Subject property is located at the corner of Rose Ct. & Pacific Ave. in Venice, CA
Other
Calculation
•   
Dom: 5
•   
Cdom: 5

Neighborhood snapshot

89
Properties for sale
32
Median days on market
$1108.71
Median sold price/sqft
98.47%
Sold/List %
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Property History for 101 Dudley Avenue

08/17/2022
08/17/2022
CRMLS #SR22181465
active
CRMLS #SR22181465
$12,998,000

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