Property Detail

Description

Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 4 -Singles, 2 of them have a sun porch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 40 years) with below market rents. The building has copper plumbing. Two of the units (units 2 & 4) have been completely remodeled. Two other units (units 3 & 5) have been partially remodeled including hardwood floors. Master metered for electricity. Individually metered for gas. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $450/mo for parking from 3 of the tenants. The building was earthquake retrofitted in 1994. You can't beat the location, close to the Venice Boardwalk, Santa Monica Pier and Muscle Beach.