Attention value-add investors or owners-users. This circa 1920s Venice Beach Bungalow property consists of three (3), one (1) bedroom, one (1) bath bungalows, with a fourth (4) unit above the three (3) car parking garages. This is a great opportunity for an investor to improve the property with all of the amenities and accoutrements for the chic Venice indoor and outdoor lifestyle. The property is conveniently located on 6th Avenue just south of Rose Avenue. The Venice Boardwalk is a short distance away. The rents listed are projections based on market comparables, as renovated. This is an excellent add-value opportunity, as all units will be delivered vacant. Whether you are an owner-user, investor, or developer, this property has endless potential. The RD1.5 oversized 6,000+ lot makes it a prime spot to build multiple units within seconds to all the magic of Venice: beach sunsets, hot restaurants on Rose, and shopping on Abbot Kinney. The photos provided are renderings of the potential of the property and not of its current condition.
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