Price $1,995,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 4,792 sqft
Days on Market 37
We are proud to present this very rare opportunity to acquire a triplex in the heart of Venice, CA, located at 2339 Abbot Kinney Blvd, just 0.75 miles from the Venice Beach, and just steps from local shops, restaurants, and entertainment that the world famous Abbot Kinney Blvd has to offer.This 3-unit, 1,792 SqFt multifamily building sits on a 4,858 SqFt lot, and it has a good unit mix of (2) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit.This property is perfect for an investor who wants to capitalize on the over 20% upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner occupy buyer who wants to live in one of the units and collect rent on the other two. Furthermore, this property's zoning also offers an investor the potential for future redevelopment of 4 units/condos, with a maximum envelope of 8,561 SqFt. Lastly, since this property has 3-units, it qualifies for residential financing where the buyer would only need a 25% down payment to get a 30-year fixed rate mortgage with today's historically low interest rates. A qualified investor can also get an interest only loan with a rate as low as 3.25%.
Property Type(s): Residential Income
Last Updated 5/27/2021 Year Built 1949
Community Venice Garage Spaces 3.0
County Los Angeles

Additional Details

AREA Venice
GARAGE Converted Garage, Yes
LOT 4792 sq ft
PARKING Converted Garage



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Listing provided by : Filip Niculete CalDRE: 01905352, Marcus & Millichap

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