515 Santa Clara Ave, Venice, CA 90291

Property Description

This is the opportunity you've been waiting for. Location, location, location - just a short walk to the famous Abbott Kinney and some of the finest restaurants and coffee shops. This is a beautifully landscaped income property consisting of 6 spacious sun filled bungalow units with No LA Rent Control. The current cap rate is 5.2% and with rent increases easily over 6.1%. Each units has individual circuit breaker boxes in the apartment, spacious kitchens and bathrooms, flooring and water heaters. All 6 units have private decks with the 2 front units having incredibly huge decks within a private yard. The 2 middle units have newer mini split hvac units. The property is fully rented and the owners unit can be vacated. There is a garage consisting of 2 units and an attached common laundry room. In the back of the property there is also a barbeque and dining area. There is financing that can be assumed, please inquire as to the specifics. The location of this property makes it easy to walk for groceries, coffee, dining and just close to the beach.