$4,000,000 / 4br - *** 4 Unit Apartment Building - Steps to the Beach *** (VENICE BEACH)
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Posted : Wednesday, November 08, 2023 02:34 PM
Location! Location! Location! Opportunity is calling!!! walk on beach sands & famous Venice beach.
Upside opportunity Buildable area for an ADU unit with an ocean-view rooftop.
🌟 Investment Opportunity in Prime Venice Beach Location! 🏝️ Seize the moment with this incredible investment opportunity just steps away from the famous Venice Beach sands! Presenting a four-unit multi-family property with unbeatable perks: ✨ Prime Location: Few steps to the beach, this property offers a rare chance to own a piece of Venice Beach real estate with large parking area near sands.
🏡 Stylish Living: Four fully remodeled with updated pluming and electrical and furnished one-bedroom units boasting modern style and high-quality finishes.
🚗 Ample Parking: A large parking lot with extra parking spots per unit—a true rarity in the area.
currently collecing rent for it's extra parking spots.
💼 Ready Business: Already generating income from short-term rentals (Airbnb, Booking.
com, insurance companies), this property is a turnkey
investment & can be delivered Fully Vacant.
🏗️ Upside Opportunity: City ordinance approval for an additional 3 ft height this year, allowing for an ocean-view rooftop and an ADU unit—maximizing income potential.
📉 Low-Cost Construction: Take advantage of the approved height increase to reduce construction costs and enhance your investment.
💰 Assumable Loan: A $2 million loan with fixed low rates of 5.
85% can be assumed for the next four years, offering financial flexibility.
📞 Contact Rebeka Shad at Wealth Road Realty for a Showing & More Information.
🔍 Additional Option: Another OFF-Market( Buy as portofolio together or separte) Explore another three-unit multi-family property in Valley Village, LAR3 zoned and ready for up to 11 units.
Inquire for more details.
Don't miss out on this golden opportunity to own a lucrative piece of Venice Beach real estate.
Act fast – call or text today! Wealth Road Realty Rebeka-------------------Interested in this property?
Reply to this listing for more information.
• Phone : NA
• Location : 10 E 27th Ave near Speedway, Venice,CA
• Post ID: 9112022198
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024
Posted : Wednesday, September 04, 2024