Trophy Venice Beach Property with Income + Future Upside. Offered at a 5.26% Cap Rate on In-Place Income. Located just one block from the beach and the Venice boardwalk on a rare double lot, this 4-unit trophy asset in Venice Beach offers investors a unique blend of stable cash flow… Read More and long-term upside. The property features a renovated 3-unit apartment building alongside a beautifully updated 2-story townhome originally built in 1925 and thoughtfully modernized. 2 garages + exterior parking for a total 8 spaces. With strong current income and the potential for future growth, this is a rare chance to own a premier piece of Venice Beach real estate Read Less
Property listed by MGB Realty Group, Eli Mashiach 310-877-2348
Listing Snapshot
Days Online
69
Last Updated
Property Type
Other
Beds
11
Square Ft.
5,398
Lot Size
0.12 Acres
Year Built
1925
MLS Number
25532177
30 Days Snapshot Of 90291
$2.58M
+9%
(avg) sold price
23
-4%
homes sold
80
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Building area total: 5,398, Levels: ThreeOrMore, MultiSplit, Living area: 5398, 2 buildings
Garage
6 spaces
Income
Gross income: $359,928, Net operating income: $276,128
Lot
0.1212 acres, 5,280 square feet, Size: 5,280
Parking
2 open parking spaces, 8 totals parking, Garage
Property
Zoning: LARD1.5, Ocean
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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