Description
This 8 Unit investment in Venice will benefit the savvy investor with steady increases in cash flow from the Red-hot Westside rental market and appreciating property values. Tenants can walk to Costco, Villa Marina Marketplace, Penmar Golf course and restaurants and shops on Abbot Kinney. There are (2) 2BR/1BA units and (6) 1BR/1BA units with 25% upside in rents. The property has separate meters for gas & electric and 5 parking spaces with well manicured and mature landscaping. The desirable zoning of Lar4 make this an excellent prospect for development in the future as it allows for 20 Units By Right (check with the city). The property has been in same family and Professionally managed for decades. Don't miss out on the rare opportunity to own in Venice.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This 8 Unit investment in Venice will benefit the savvy investor with steady increases in cash flow from the Red-hot Westside rental market and appreciating property values. Tenants can walk to Costco, Villa Marina Marketplace, Penmar Golf course and restaurants and shops on Abbot Kinney. There are (2) 2BR/1BA units and (6) 1BR/1BA units with 25% upside in rents. The property has separate meters for gas & electric and 5 parking spaces with well manicured and mature landscaping. The desirable zoning of Lar4 make this an excellent prospect for development in the future as it allows for 20 Units By Right (check with the city). The property has been in same family and Professionally managed for decades. Don't miss out on the rare opportunity to own in Venice.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.