Closed | Rare Opportunity in High Demand Rental Market of Venice
Daniel Shieh of Lyon Stahl is pleased to have closed 37 Park Ave, a rare opportunity to own a coveted walk street property just a block from the Ocean Front Walk in the high demand rental market of Venice, CA.
This property sold for $1,800,000.
Erected in 1905, the building boasts turn of the century architecture and is comprised of 3 units totaling 2,115 SF of rentable living space and sits on a 3,595 SF lot.
The property is lush with a mature landscape that contains a private front yard.
Behind the property is parking for 6 cars, a rare commodity for this neighborhood.
With a Walkscore of 92 and conveniently located a few short blocks from Abbot Kinney Blvd, Rose Ave, and Main St, the new owner and/or tenants can easily visit the plethora of popular shops, restaurants, and galleries Venice is known for.
Venice’s median home sales have increased over 135% since January 2012, making it incredible difficulty for homeownership and ensuring a continued strong rental market.
3 Units located on a walk street
(1) studio, (1) 1+1, (1) 2+1
Parking for 6 Vehicles
Grossing over $100k annually
92 Walkscore- Very Walkable
2 Blocks to Abbott Kinney
1 Block to Boardwalk
For More Information on this Property:
For More Information, Contact:
Daniel Shieh: [email protected]