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.
Location
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 26th June, 2022 10:40 AM (UTC)