1601 Oakwood Ave, Venice, CA 90291

1601 Oakwood Ave, Venice, CA 90291

Venice, CA

Property Description

Lyon | Stahl Investment Real Estate is proud to present 1601 Oakwood Ave, a highly sought- after duplex only a short distance to Abbot Kinney Blvd. This 1,782 SF building was built in 1968 (subject to rent control) and is situated on a large 3,675 SF lot (44’ x 83’). The property boasts a desirable unit mix of two 2-bed/1-bath. Located blocks from the Venice Beach and Boardwalk, this property is also in close proximity to many shops, restaurants, and schools. Given the property’s high upside in market rent potential (approx. 55% increase in GSI) and amazing location, this is a great opportunity for any investor.

<strong>Investment Highlights:
</strong>• Highly Sought-After Duplex in Venice – Only a Short Distance to Abbot Kinney Blvd
• 1,782 SF Building Situated on a Large 3,675 SF Lot (44’ x 83’)
• Built in 1968 – Subject to Rent Control Provisions
• Desirable Unit Mix: (2) 2-Bed/1-Bath | High Market Rent Potential Upside (Approx. 55% Increase in GSI)
• Prime Location Blocks From the Venice Beach &amp; Boardwalk | Close Proximity to Shops, Restaurants, &amp; Schools


Property Features

  • Sale Price: $1,975,000
  • Area Size: 1,782 SF
  • Land Area: 3,675 SF
  • Year Built: 1968
  • Units: 2
  • Current GRM: 30.31
  • Market GRM: 19.59
  • Market Cap Rate: 3.47%

Lyon Stahl Investment Real Estate

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