407 Ocean Front Walk

  • Venice

  • $5,950,000
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Residential Income Details

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.
Essential
MLS #SB18168168
Price$5,950,000
Number of Units12
Sale TypeStandard,Probate Listing
StatusPending
Listing BrokerageKeller Williams Beach Cities
Listing AgentJosh Cohen
Listing Agent BRE #01346713
Co-Listing AgentBrian Dempsey
Co-Listing Agent BRE #01956499
Interior
Exterior
Garage Spaces0
PoolNone
Community
Area699 - Not Defined
CommunityCurbs,Sidewalks,Storm Drains,Street Lighting,Urban
Address407 Ocean Front Walk
CityVenice
CountyLos Angeles
StateCA
ZipCode90291
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 23, 2018. 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.