227 Market St, Venice, CA 90291

227 Market St, Venice, CA 90291

Venice, CA

Property Description

227 Market Street is a contemporary style duplex located in the trendy Windward Circle Neighborhood of Venice. The property was built in 1990 and consists of 3,408 SF of living space situated on a 2,849 SF lot. The building offers a great unit mix consisting of (2) 2-bed/2.5-bath single-level units. Each unit at 227 Market Street includes a fireplace, washer & dryer, gourmet kitchen, breakfast room, huge master walk-in closets in each bedroom, and two (front & rear) balconies. The ground floor features a large storage/office area as well as parking. Located on Market Street in the heart of the tech-driven “Silicon Beach”, this is an incredible investment opportunity to acquire a trophy asset with strong in-place rental income.

Property Features

  • Sale Price: $2,850,000
  • Area Size: 3,408 SF
  • Land Area: 2,849 SF
  • Year Built: 1990
  • Listing Date: 2/3/2021
  • Units: 2
  • Current GRM: 25.03
  • Current Cap Rate: 2.40%
  • Price Per Unit: $1,425,000
  • Market GRM: 23.99
  • Market Cap Rate: 2.57%

Lyon Stahl Investment Real Estate

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