Mere feet from sand and surf at world-famous Venice Beach. The subject property is a vintage 4-story, 10-unit property in, arguably, the most sought-after rental market in all of LA - minutes to haute couture shopping and dining along Abbot Kinney. This "lobby" building has character throughout -highlighted with Spanish tile accents in the kitchens and baths. Copper plumbing and a newer roof, too. The Seller will leaseback the 2 Bed/1Bath Penthouse at a market rent, after closing. The penthouse has a large deck with hot tub, as well as a rooftop deck with vast views of the Pacific and the whole LA Basin. THE OTHER 9 UNITS CAN BE DELIVERED VACANT, AT BUYERS REQUEST. POTENTIAL FOR 100% OF THE UNITS AT A MARKET RENT AT CLOSING. You won't inherit any lagging rents, at close of escrow, unlike 99% of other deals in Los Angeles.
Courtesy of , Brice Head - CA DRE#
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