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523 MAIN ST Venice, CA 90291
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20582484
Sold Date 09/15/20
HOA Y/N No
Year Built 1925
Property Description
Year-One 6% Cap Rate & 12.7 GRM!!! 523 Main St is a fantastic 5-unit Venice charmer located directly in the heart of Silicon Beach. The property is a 2 minute stroll to the famed Venice Beach Boardwalk, a two block walk to the pristine oceanfront, and a quick bike ride to the celebrated Santa Monica Pier! With its impeccable location, this highly sought after complex offers five studios with equipped kitchens, individually metered gas and electric, and new roofing. The property was built in 1925 and provides excellent natural light and Spanish character. Regarded as one of the highest demand rental markets in the country, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Fireplace No
Building
Story 1
Others
Senior Community No
Tax ID 4286016034
Special Listing Condition Standard
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Bought with Elijah Korobkin • Central Realty Advisors Inc.
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