$1,666,500
$1,750,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2,564 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $1,666,500
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 2,564 sqft
Price per Sqft $649
MLS Listing ID CL24405009
Sold Date 08/30/24
Bedrooms 2
HOA Y/N No
Year Built 1910
Lot Size 2,230 Sqft
Acres 0.05
Property Description
Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del R
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Exterior
Exterior Feature Front Yard
Total Parking Spaces 2
Building
Lot Description Front Yard
New Construction No
Others
Tax ID 4238013034
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Bought with JessicaSteier
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "