Property Type:Residential Income (Multi-Family)
On Site:42 Days
Lot Size:0.13 Acres
PROPERTY TOURS WILL BE HELD ON FEBRUARY 27TH CONTACT LISTING AGENT TO SCHEDULE. This is one of the first coliving investment opportunities in Los Angeles. 2432 Penmar is a 10,024 square foot luxury apartment building totaling 20 bedrooms in the heart of Venice. Situated just off Venice and Lincoln Blvd, and blocks away from Marina Del Rey, the tenants are provided with unlimited dining, shopping and entertainment options. Hop on your bike for a quick ride down to the beach, the iconic Abbot Kinney Boulevard, or the Venice Pier.Consisting of four separate townhomes, two units have four bedrooms and two units have six bedrooms, all separately rented out to quality tenants. There are four separate kitchens throughout the property with two large interior living areas designated as the main dining area, entertainment, and inside common living areas. Each unit has their own washer/dryer. The roof deck stretches across the whole property, providing 360 degree views.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:2432 Penmar Avenue Venice, CA 90291
Total Units: 20
Unit 1: 1 Bed•1 Bath•$2,125 actual rent
Unit 6: 1 Bed•$2,125 actual rent
Lot Size: 0.13 Acres / 5540 Sq. Ft.
Directions:Just west of Lincoln Blvd and south of Venice Blvd.
Tax and Financial Info
Gross Annual Income: 519000.00
Gross Operating Income: 498240.00
WALKING AND TRANSPORTATION
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Listing provided courtesy of Morgan Mcmullin, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of March 30, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.