Value-Add Venice 5-Unit Apartment
$2,695,000
3.32% Cap Rate
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2,947 SF
5,663 SF
1950
LAR4 - Multifamily
Investment Highlights
3.32%
80%
Property Overview
Prime West LA investment opportunity in the Venice Blvd corridor. This 5-unit apartment complex (four 1+1 and one 2+1) offers significant value-add potential through leasing the vacant unit, below-market rents, and garage space rentals. All units have been recently renovated. Ideal location in the heart of Silicon Beach's tech hub with close proximity to major employers including Snap Inc., Google, System1, and Headspace. Less than a mile from Venice Beach & Boardwalk, Venice Canals, Muscle Beach, and the famous Abbot Kinney Boulevard. Easy access to 10 and 405 Freeways. Walk Score 84, Bike Score 85.
Key Highlights
Property Features
Location
2403 Louella Ave, Venice, CA 90291
Contacts
Jorge Yamzon
Commercial Real Estate Advisor
DRE# 01879026
