Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 3.4 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.
Listing courtesy of James Allan from Coldwell Banker Residential Br
Listing sold by James Allan from Coldwell Banker Residential Br
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.