At last, a chance to own a Luxury 5 Unit complex in the renowned Venice Canals. Have you ever wanted a vacation home, but didn't want to brunt the expense while you were away? Now is your chance to occupy a unit while you have supplemental income to pay your mortgage and variable expenses! Are you just an investor looking for a multi-family property without all the maintenance and construction headache, or a 1031 buyer who doesn't want to contribute more capital after purchase? This is your chance! The property was completely rehabilitated in 2010, including new foundation, plumbing, roof, electrical, water heaters, doors/windows and more. The Front Facing unit is a 3 story 4bedx4.5bath with a private elevator, 3 car garage, stunning views of the Venice Canals and a lush private garden with large decks on every level. The remaining 4 units comprise of two 3bed/3bath units and Two 1bed/1.5bth units, each unit is equipped with central HVAC, in unit washer and dryers, fireplaces, custom cabinets, travertine counters and large pantries. The property is being sold at an in place 4.39% Cap rate and 16.41GRM with plenty of upside in rents.
Courtesy of , Adam Kanizo - CA DRE#
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