354 4th Ave

Venice, CA 90291

$9,750,000
31
beds
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

354 4th Avenue is a modern and tastefully renovated 15-unit courtyard complex located a short walk from Venice Beach and Abbot Kinney. Residing 1 block south of Rose Ave. and 2 blocks east of Main St, this investment property's strategic location offers the quintessential SoCal lifestyle, located near an array of highly-acclaimed entertainment/dining options and convenient access to employment hubs throughout Silicon Beach. In addition to an attractive location in a premier beachside rental market, this value-add property offers approx. 33% rental upside based on renovated units in the building. Please note, 10 of the 15 units have been tastefully renovated to include quartz countertops, an LED lighting package, copper plumbing, new wiring and panels, and a black window package. Property amenities include a new roof, controlled access, a beautifully landscaped community courtyard and approx. 24 covered parking spaces. 354 4th Ave presents investors with the opportunity to acquire an outstanding multifamily asset, with significant financial upside, in a premier beach community offering unparalleled metropolitan amenities.
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PROPERTY DETAILS

  • Interior
    11,958 Sq Ft.
  • Property Type
    Multi Family Townhouse
  • Year Built
    1964
  • MLS/Listing ID
    23-232949
  • Days On Market
    146
Listing Courtesy of Compass, Kenny Stevens - 01090251 - 310-968-7005