Property Detail

Description

Charming Corner Lot 4 Unit Investment Opportunity in Prime Venice Location! Operating at 4.08% CAP & 16.17 GRM. Built in 1949, this well maintained 4 unit apartment building sits on a 4,364 SF lot and offers a total of 1,870 SF of living space. Each unit is a 1 bedroom, 1 bath, ideally situated on a quiet, tree lined street in one of Venices most sought after residential neighborhoods. Two units will be delivered vacant at the close of escrow, with the potential for a third vacant unit, presenting immediate upside for investors or owner users. Recent upgrades include a new roof, approximately 90% updated plumbing, and a shared laundry room. The property also boasts two private backyards, two single car garages with ADU potential, and three additional off street parking spaces, a rare convenience in Venice. Located just down the street from Penmar Golf Course and moments from popular cafes, restaurants, fitness studios, and top rated schools. This high demand location supports strong, consistent rental income and long term appreciation potential.