Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned “the coolest block in America” in GQ’s Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone’s throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker’s and Biker’s Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.

Features
2
0
: Craftsman
Additional Information
Property Concierge
0
CLW-C122790
CLW-X82729
Vivian
4238013034
: Standard
Two
32

Multi-Family For Sale

214 Market Street, Venice, California 90291

2,564 Sqft
$1,750,000
Listing ID #24405009
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24405009
Price : $1,750,000
Living Area : 2,564 Sqft
Lot Size : 2,230 Sqft
Year Built : 1910
Country : US
State : California
County : Los Angeles
City : Venice
Zipcode : 90291
Price Per Square Foot : $683
ModificationTimestamp : 2024-06-26 05:08:13
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent