214 Market St, Venice, CA 90291 | Rela
Open Houses
4beds
4baths
2,564sqft
3,615sf lot

Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.

Features
  • Trophy Location
  • Venice Beach
  • Silicon Beach
  • Windward Circle
  • Main Street
  • Abbot Kinney
  • Developer Opportunity
  • Owner-Occupant Opportunity
  • Hardwood Floors
  • 6.7% CAP
  • 2 Units to be delivered VACANT
  • Turn-Key Condition
  • Add-Value Opportunity
  • Open Floor Plans
  • 600+- Sq Ft Units
  • On-Site Parking
  • Low Owner Expenses
  • Low Maintenance Lot
214 Market St
Venice, CA 90291
Presented By
Vivian Chaing
Broker
Property Concierge
310-463-5181
01983759
Mark Ehlers
Broker
Imperial Real Estate
310-667-1469
01955008
Anna Kim
Realtor
Property Concierge
(310)882-1778
02237251
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Property Concierge is a real estate broker licensed by the State of CA and abides by Equal Housing Opportunity laws. License #02116746. All information provided is deemed reliable but not guaranteed. Buyer(s) and Buyer's Agent(s) to do their own due diligence, investigations and inspections to satisfy themselves with the condition and all aspects of the property.

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