523 MAIN Street Venice, CA 90291
UPDATED:  
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1995000
/mo

0Bed

5Baths

1536SqFt

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Key Details

Property Type: Condo, Commercial

Sub Type: Apartment Building

Listing Status: Active

Purchase Type: For Sale

Squre Footage: 1,536 sqft

Price per Sqft: $1,298

Lot Size: 0.061 Acres

Year Built: 1925

MLS Listing ID: 20550038

Property Description

PRIME VENICE!! Year-One 6.13% Cap Rate & 12.5 GRM!!! 523 Main St is a fantastic 5-unit Venice charmer located directly in the heart of Silicon Beach. The property is a 2 minute stroll to the famed Venice Beach Boardwalk, a two block walk to the pristine oceanfront, and a quick bike ride to the celebrated Santa Monica Pier! With its impeccable location, this highly sought after complex offers five studios with equipped kitchens, individually metered gas and electric, and new roofing. The property was built in 1925 and provides excellent natural light and Spanish character. Regarded as one of the highest demand rental markets in the country, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation.

Location

State: CA

County: Los Angeles

Area: Venice (C11)

Zoning: LAR3

Interior

Interior Features: Other

Heating: Other

Cooling: Other

Exterior

Garage: Other

Building

Story: 1

Schools

Elementary Schools: Westminster Avenue Elementary

Middle Schools: Mark Twain Middle School

High Schools: Venice High School

School District: Los Angeles Unified School District

Others

Special Sale: Standard Sale

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Listing provided by Elijah Korobkin (02068521) of Central Realty Advisors Inc

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Nearby School & Properties

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    Kim & Kristine Halverson Compass
    Kim & Kristine Halverson

    Realtors License ID: 01736854

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