Detailed Introduction Of This Home
4 Single Family Homes on 1 Lot / FINANCIALS: Units 1) $6,572/mo 2) $5,936/mo (can be delivered vacant) 3) Vacant 4) $3,800/mo / 4.67% Cap Rate / Professionally Managed Building / Located in the heart of Venice Beach, this 4-unit building presents a unique offering, featuring 4 detached Single Family Homes with private outdoor patios and rooftop decks for 3 of the 4 units. This premier location gives its new owner and current tenants all the benefits of being just moments from the beach, Venice Boardwalk, Abbot Kinney, and Rose Avenue. The property features 3 detached Single Family Homes, each offering two beds / two baths, private ground floor patios, and individual oversized rooftop decks with stunning city & mountain views. 1 or 2 of these premier multi-level 2-bed units can be delivered VACANT at close (if desired), perfect for an investor/end-user looking to live on the property. The 4th unit presents a charming recently updated Venice bungalow with a private yard, separate entrance and mini split air conditioning. These homes are NOT subject to Los Angeles City Rent Control (buyer to confirm); parking for 4 cars on the street-to-alley lot; in-unit laundry for each unit; individually metered utilities for gas & electricity; most units are close to market rents; property mgmt company has been overseeing tenants/leases. SHOWINGS: units can be shown - inquire for showings.