544 – 546 Grand Blvd, Venice, CA 90291

544 – 546 Grand Blvd, Venice, CA 90291

Venice, CA
$1,825,000

Property 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.

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

Property Features

  • Sale Price: $1,825,000
  • Area Size: 1,473 SF
  • Land Area: 4,500 SF
  • Year Built: 1947
  • Listing Date: 12/19/18
  • Closing Date: 2/26/19
  • Units: 2
  • Price Per Unit: $950,000
  • Market GRM: 19.31
  • Market Cap Rate: 3.44%

Lyon Stahl Investment Real Estate

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