407 Ocean Front Walk, Venice, CA 90291

Property Description

THIS IS YOUR CHANCE TO FINALLY OWN PROPERTY DIRECTLY ON THE BOARDWALK OF VENICE BEACH!! Located in one of the most desirable locations in Los Angeles, if not all of California, this ocean front property consists of two structures built in 1905 and 1909 that sit on a 4,719 square-foot lot, zoned LAR3. 407 Ocean Front Walk offers 12 large and well laid out one-bedroom/one-bathroom units, which are in extremely high demand this close to the beach. Over the past several years, Venice has transformed into part of what is known as "Silicon Beach", Los Angeles’ newest entertainment, media and technology hub, which covers approximately a four-mile stretch along the Los Angeles coast from Santa Monica down to Playa Vista. This location is at the epicenter of Silicon Beach, which attracts one of the strongest rental demographics available, the Gen Y / Millennials. With over 49% in rental upside, this is a terrific investment opportunity for both new or seasoned apartment investors.