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425 Venice Way, Venice, CA 90291

$1,420,000

Description

We are pleased to present 425 Venice Way a duplex located in the heart of Venice Beach. This 1,026 SF building sits upon a 2,249 SF lot just steps away from the world-famous Venice Boardwalk and shops at Abbot Kinney. Both 1-bed 1-bath remodeled units have been pulled off the rental market for two years and will be delivered vacant. This is a great opportunity to live in one unit and rent out the other, develop into your dream home, or hold and cashflow for the years to come!

Investment Highlights: 
• Unit mix: (2) 1 bed + 1 bath units
• Both units will be delivered vacant
• 2 car garage + access to alley
• 1,026 SF Building | 2,249 SF Lot

• Immediate Development Opportunity: Units have been off the rental market for 2 years

• Located in heart of Venice! Near Abbot Kinney shops and restaurants, and the famous Venice Boardwalk

Property Downloads

Address

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

Detail

Updated on July 16, 2019 at 8:26 pm

  • Price: $1,420,000
  • Property Size: 1,026 Sq Ft
  • Land Area: 2,249 Sq Ft
  • Garage Size: 2
  • Year Built: 1949
  • Property Type: Multifamily, Duplex
  • Property Status: Active
  • Numbers of Units: 2
  • CAP RATE: 3.04%
  • Price per Unit: $745,000
  • Market GRM: 19.4
  • Market CAP RATE: 3.35%

Contact info

Austin Zahn
Austin Zahn
(310) 491-7050(310) 613-1251
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