Description

13.9 GRM, UNIT #1 (DWNSTR FRONT W/YDS) GIVEN NOTICE TO MOVE OUT END OF SEPT, 2024! BUYER WILL HAVE CHOICE TO HAVE ONE 3 BD/2BA UNIT VACANT OR RAISE THE RENT SUBSTANTIALLY TO GET BETTER CAP RATE ON THEIR INVESTMENT! NO LOOSE PROPOSITION. Well-hidden real gem of a building located in a vibrant rental market with the highest concentrations of tech and creative minds! Very spacious light, bright 3 bedrooms and 2 baths, 4 units (with rare primary suites, some with walk-in closets as well as stacked washer/dryer in the unit), and one unit with 2 bedrooms and 1 bath. Units with stained cement floors and kitchen counter tops! Per seller mostly copper water lines(horizontal/vertical), EQ Retrofit work is completed. Low maintenance bldg. with ample green spaces. Plenty of space for bike racks/storage in the carport. Perfect opportunity for an investor to park their money or to co-owned to subsided expenses with rents. Very reasonable rents with room to grow, not many properties in the beach communities with such great unit mixes! This location is an easy walk to the famed Abbot Kinney Shopping Zone as well as to the Rose and Main Street corridors, not to mention the famous Venice Beach. This neighborhood billed as both a Walkers and Bikers paradise! Please check with appropriate govt agencies to be able to add ADUs. Sellers reserve the right to do an IRS Tax Delayed 1031 Exchange, at no additional cost or obligations to the Buyer, this’s not a contingency.