Sold By Derrick

$3,737,000

Venice Beach mid-century 2 story apartment building steps to sand. Rare corner double lot about 6100 square feet zoned RD1.5. Property has 5 garage parking spaces and 8 uncovered on site parking spaces. Property is master metered seller pays all utilities. Many possibilities with this property. Great opportunity for a rehab project to create an amazing Venice building. Or purchase property and build luxury units on this amazing site.
Property has 5,294 square feet. Built in 1963. Subject to LA Rent Control Ordinance. Seller has negotiated buyout agreements for several existing tenants. Call agent for more information on the buyouts. Units consist of two 1bed 1bath units, eleven 1bed 1 bath units, and one bachelor unit that does not have a kitchen. Property sold as is. Seller will not carry a note.
Download Marketing package HERE:
Offered for Sale by Broker
Derrick Ruiz (310)308-3174
Venice Beach Apartment Broker and Expert
www.derrickruiz.com
eXp Realty BRE 00919713

 

 *Disclaimer:

All information, renderings, drawings, plans, and descriptions, contained herein are subject to change and may not be reflective of the actual final approvals, plans, drawings, or renderings. Buyer to make all independent investigations as to the final approvals, plans, drawings, and renderings, and not rely on  brokers or seller.

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