37 Park Ave, Venice, CA 90291

37 Park Ave, Venice, CA 90291

Venice, CA

Property Description

37 Park Ave offers the 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. 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 which 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.


<li>3 Units located on walk street</li>
<li>(1) studio, (1) 1+1, (1) 2+1</li>
<li>Residential Financing</li>
<li>Parking for 6 Vehicles</li>
<li>Grossing over $100k annually</li>
<li>92 Walkscore- Very Walkable</li>
<li>2 Blocks to Abbott Kinney</li>
<li>1 Block to Boardwalk</li>

Property Features

  • Sale Price: $1,800,000
  • Area Size: 2,115 SF
  • Land Area: 3,596 SF
  • Year Built: 1905
  • Listing Date: 8/3/20
  • Closing Date: 1/29/2021
  • Units: 3
  • Current GRM: 24.92
  • Current Cap Rate: 2.31%
  • Price Per Unit: $833,333
  • Market GRM: 3.17%
  • Market Cap Rate: 20.26
  • Current NOI: $57,626

Lyon Stahl Investment Real Estate

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