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1601 Oakwood Ave, Venice, CA 90291

$2,400,000

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.

Investment Highlights:
• 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 & Boardwalk | Close Proximity to Shops, Restaurants, & Schools

Property Downloads

Address

  • City: Venice
  • State/county: CA
  • Country: United States

Detail

Updated on June 12, 2019 at 11:40 pm

  • Price: $2,400,000
  • Property Size: 1,782 Sq Ft
  • Land Area: 3,675 Sq Ft
  • Year Built: 1968
  • Property Type: Duplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • GRM: 36.83
  • Market GRM: 23.81
  • Market CAP RATE: 2.64%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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