Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,832 sqft

Lot size

2,641 sqft

Year built

1968

Stories

2

Style

Contemporary

Heating

Wall Furnace

Pool

None

View

City Lights

Status

Active

Days on market

30

MLS #

246904526

About this property

Rarely does an opportunity like this come to market in Venice Beach. Just a few doors from the sand, this fully vacant and completely remodeled triplex offers an exceptional value-add opportunity in one of Los Angeles' most sought-after coastal neighborhoods. The property consists of two spacious 2-bedroom, 2-bath residences and one studio unit, all delivered vacant - a truly rare offering in Los Angeles where multi-family properties are often encumbered by existing tenants. Whether you're an investor seeking to maximize rents immediately, an owner-user looking to occupy a unit while generating income, or exploring a short-term rental strategy (buyer to verify), the possibilities are endless. Recently renovated throughout all with in unit laundry and ample parking space, the property features updated interiors, fresh paint inside and out, and a turnkey presentation that minimizes upfront capital expenditures. Residents will enjoy an unbeatable beachside lifestyle just steps from the sand and moments from Venice's most iconic destinations. Ideally located near the vibrant dining, shopping, and nightlife scene along Washington Boulevard and Windward Circle, as well as the renowned boutiques, restaurants, and galleries of Abbot Kinney, this premier Venice location places the very best of the Westside at your doorstep. Abbot Kinney is widely recognized as one of Venice's premier destinations for dining, shopping, and entertainment. A rare combination of vacancy, location, and renovation in one of Southern California's strongest rental markets, this is Venice Beach investing at its finest.

Location

18 24th Avenue

Venice, Los Angeles, CA, 90291