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544 – 546 Grand Blvd, Venice, CA 90291

$1,900,000

Description

Lyon | Stahl Investment Real Estate is proud to present 544-546 Grand Blvd, a highly sought-after duplex located walking distance from Abbot Kinney Blvd. This 1,473 SF building was built in 1947 (subject to rent control) and is situated on a large 4,500 SF double lot (50’ x 90’). The property boasts a desirable unit mix of (2) 2-bed/1-bath. Due to the large lot size, this parcel would be ideal for building two (2) single-family residences (buyer to verify). Located blocks from the beach in the trendy Windward Circle area of Venice, this property is also in close proximity to many shops, restaurants, and schools. Given the property’s high upside in market rent potential (nearly 80%increase) and amazing location, this is a great opportunity for any investor.

Investment Highlights:

  • 1,473 SF building situated on a large 4,500 SF double lot (50’ x 90’)
  • Unit mix consisting of (2) 2-bed/1-bath | Front unit can be delivered vacant
  • Built in 1947 (subject to rent control provisions)
  • Development opportunity | Ideal for building (2) SFR’s (buyer to verify)
  • Located blocks from the beach in the trendy Windward Circle area of Venice
  • Close proximity to many shops, restaurants, and schools

Property Downloads

Address

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

Detail

Updated on January 10, 2019 at 11:20 pm

  • Price: $1,900,000
  • Property Size: 1,473 Sq Ft
  • Land Area: 4,500 Sq Ft
  • Year Built: 1947
  • Property Type: Duplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • Price per Unit: $950,000
  • Market GRM: 19.31
  • Market CAP RATE: 3.44%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin

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