Available For Sale - Multifamily

4,072 SF | Show Pricing $

AVAILABILITY DETAILS

Size
4,072 SF
Price/SF
Show Pricing $
Listing ID
SA397479
Notes
Kevin Kawaoka of NAI Capital is pleased to present The Tech Villas. This offering is comprised of Two 4-unit multifamily assets (side-by-side) located in the trendy and high barrier to entry community of Venice, Ca. Each four-unit is comprised of 3(1+1) and 1 (2+1). Both buildings are comprised of an ideal unit mix of 6 (1+1) & 2 (2+1) apartment homes. The 2 story walk-up style complexes have been well maintained and are situated just North of restaurant and retail laden, Rose Avenue. The buildings are separately metered for gas and electric and benefit from a secured entrance and surveillance system. This location scores an incredible 92 on walkability; serving every need a millenial could ask for.



Currently the rents are well below market rate. There is approximately +56% in upside for the new investor to capture. There is 1 unit currently vacant providing for an immediate value add/owner-user opportunity.



***Attractive Residential financing available: up to 75% LTV
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Kevin Kawaoka, NAI Capital