20 19th Ave, Venice, CA 90291

Property Description

PORTFOLIO SALE: 11 19TH AVE (3 UNITS), 20 19th AVE (4 UNITS) & 11 20th AVE (3 UNITS) PROPERTIES CAN BE SOLD TOGETHER OR SEPARATELY.... 20 19th Ave, a charming 4-plex investment opportunity right in the heart of Venice on a "Walk-Street", just steps away from the beach. This 2,328 square foot property features four bright 1-bedroom / 1-bathroom units with two units on each floor.Current ownership has held the property for almost 40 years and has made significant capital investments into the asset. Three of the four units have been tastefully renovated with wood flooring, recessed lighting in two, and upgraded kitchens & bathrooms. Almost the entire property is redwood construction (except the deck which has supports and steps that were replaced with redwood). The roof is approximately 7 years old and utilizes fireproof composite material. Electrical wiring and plumbing have also been replaced (now copper). Working gas lines were installed in the four wood-burning fireplaces. Lastly, one of the upstairs units was upgraded with A/C.All of the units come with ample outdoor space, with the upstairs units sharing a large sundeck, and the downstairs units sharing a private & fenced front yard along 19th Ave with beautiful landscaping. Additionally, there are four uncovered parking spaces in the back of the lot, one stall for each unit. There is also a community laundry room on the property, which provides additional monthly income. The building's location is unbeatable, just a few parcels over from the Venice Boardwalk and Muscle Beach.