Cameron Samimi
This listing was posted on RealtyWW.
$2,200,000
Home For Sale In Venice, California
Price:
$2,200,000
BR/BA:
5 BR, 5 BA
Location:
2418 Pacific Ave, Venice, CA
Description:
For the first time in nearly three decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owner-occupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.62% cap rate and 15.36 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2, 802 square feet 4-unit building on a 2, 755- square foot lot. They feature one 3-br/2-ba unit with a patio and 2 parking spaces, one 2-br/1-ba unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. 2418 Pacific Ave will be delivered with two vacant units, a vacant 2-bedroom and a vacant studio, both of which are situated on the same level, providing an owner occupant the opportunity to combine them into a single, larger space. 2420 Pacific Ave will be delivered fully occupied and is generating 151, 000 in rental income.For more details: https://realtyww.info/homes_venice-d60962/for-sale_i71275230
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More About this Listing: Home For Sale In Venice, California
Home For Sale In Venice, California is a Five Bedroom 5.5 Bath Single-Family Homes for Sale at 2418 Pacific Ave in Venice CA. Find other listings like Home For Sale In Venice, California and listings near 2418 Pacific Ave by searching Oodle Classifieds for Five Bedroom 5.5 Bath Single-Family Homes for Sale in Venice CA.
Home For Sale In Venice, California is a Five Bedroom 5.5 Bath Single-Family Homes for Sale at 2418 Pacific Ave in Venice CA. Find other listings like Home For Sale In Venice, California and listings near 2418 Pacific Ave by searching Oodle Classifieds for Five Bedroom 5.5 Bath Single-Family Homes for Sale in Venice CA.