1312 Riviera Avenue

  • Venice

  • $4,188,000
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Residential Income Details

Description
Great opportunity to invest in a classic 1930's Spanish style 8- unit property. This trophy property is situated on 2 lots and is located on the corner of Market & Riviera in Venice. There are 5 garages rented for storage that have a large upside for rental increases. The tenants have street parking. The property is about 1/2 way between Abbott Kinney Blvd and Venice Beach. 1 block to Main Street. Upgrades to the property include electrical, plumbing, sewer line and more. The property will be delivered with 2 units vacant and there is huge potential for increased value in both rental increases as well as the location itself is a huge bonus. The property is located within blocks to some of finest shops and restaurants that Venice has to offer. The beach, the shopping, and the upside potential make this a property that will move fast. Showing with offers only so not to disturb tenants. The interior photos are of the units that will be delivered vacant. Buyer to cooperate with seller
Essential
MLS #17265668
Price$4,188,000
Number of Units8
Sale TypeStandard
StatusPending
Listing BrokerageRE/MAX ESTATE PROPERTIES
Listing AgentIan Hale
Listing Agent BRE #01120121
Co-Listing AgentTina Hale
Co-Listing Agent BRE #00468292
Interior
CoolingNone
Exterior
ParkingStreet
Community
AreaC11 - Venice
Address1312 Riviera Avenue
CityVenice
CountyLos Angeles
StateCA
ZipCode90291
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, October 31, 2017. 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.