The "Waterfront View Lofts", a 6 unit apartment and office located just steps from the historic and eternally hip Venice Boardwalk, just north of Rose Ave. The units all have ocean views from nearly every window and balcony with the upper three featuring a loft style bedroom and bath. One corner unit has a private roof deck. The property is situated on a street to alley lot on 3 sides, with a South facing facade. Additional features include secured entry, balconies. remodeled units, of which 4 come fully furnished. This asset would make for an ideal high yield, corporate, artist, and extended vacation 30+ day residency. Several units are intentionally held vacant so that the next operator has maximum control of the business plan. Current potential rents comfortably align the property's pricing to CAP rate expectations for this submarket, making this purchase opportunity a "more than prudent choice" for savvy investors seeking this level of quality & location.
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Property ID: 110052571451