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1305 Ocean Front Walk, Venice, CA 90291

Property Details

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1305 Ocean Front Walk
Venice, CA 90291

For Sale: $12,500,000

Property Type: Commercial Apartments
MLS#: 19427102

  • Lot Size: 4215 SF
  • Number of Units: 31
  • Number of Stories: 4
  • Days on market: 24
  • Cap Rate: 5.20
  • Net Operating Income: $646,186
  • Gross Scheduled Income: $970,632
  • Rent Control: No
  • GRM: 12.90
  • Contact Listing Agent Direct:
  • Francyne Lambert, Lambert Investments, Inc.

Property Description

Rare unique oppty to purchase great asset on World -Renowned Venice Boardwalk that has been in the same family for decades. Very clean, well maintained. Sprinklered & master metered. Roof,deck & balconies approx 3yrs old, water heater approx 5 yrs old. 31 single units, 1 leasing ofc in very high demand w/strong rental market. Spectacular large roof top deck w/beautiful ocean, boardwalk & city views. Many units w/ocean views & 7 units w/classic claw foot bathtubs. Currently building is mostly vacant. Ideal for Corporate Housing; units must be rented for a minimum of 30 days See attached OM for complete details

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1305 Ocean Front Walk, Venice, CA 90291

Based on information from California Regional Multiple Listing Service, Inc. as of February 11, 2019. 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.

Listing provided by: Francyne Lambert, Lambert Investments, Inc.

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