Just Closed – Duplex Near Abbot Kinney in Venice | $1,825,000
Lyon | Stahl Investment Real Estate is proud to have closed 544-546 Grand Blvd, a highly sought-after duplex located walking distance from Abbot Kinney Blvd!
This duplex sold for $1,825,000
This 1,473 SF building was built in 1947 (subject to rent control) and is situated on a large 4,500 SF double lot (50’ x 90’). The property boasts a desirable unit mix of (2) 2-bed/1-bath. Due to the large lot size, this parcel would be ideal for building two (2) single-family residences (buyer to verify).
Located blocks from the beach in the trendy Windward Circle area of Venice, this property is also in close proximity to many shops, restaurants, and schools. Given the property’s high upside in market rent potential (nearly 80% increase) and amazing location, this is a great opportunity for any investor.
- 1,473 SF building situated on a large 4,500 SF double lot (50’ x 90’)
- Unit mix consisting of (2) 2-bed/1-bath | Front unit can be delivered vacant
- Built in 1947 (subject to rent control provisions)
- Development opportunity | Ideal for building (2) SFR’s (buyer to verify)
- Located blocks from the beach in the trendy Windward Circle area of Venice
- Close proximity to many shops, restaurants, and schools
The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic
growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.
Los Angeles County is well located on the Southern Coast of California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.
Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well-educated labor pool, many universities, wonderful climate, and world-class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.
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