Venice Beach - Triplex

Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
We are proud to present to market the ''FLOWER 3'', a well maintained 3 unit apartment building, located in the heart of Silicon Beach. Composed of 2 (2 + 1) and 1 (1 + 1) units, this trophy like asset is equipped with in-unit washer/dryers, spacious floor plans, and plenty of room to create outdoor spaces. Sitting on a lot size of 5,795sf zoned LARD1.5, there is potential to develop a new construction 2-3 unit building. Near to many of the most prominent tech companies in the nation (such as Facebook, Google, Snapchat, YouTube, & SpaceX) this offering is uniquely positioned to attract the young, highly skilled, and highly paid millennials that are driving rents up this local rental submarket. Priced attractively at $972 per square foot, we are well below the market average of $1,000/sf. With continued rent growth in the surrounding neighborhood, this asset is well positioned for future appreciation potential. Opportunity awaits for the savvy investor or owner-user seeking a prime Westside investment in the heart of Silicon Beach.
  • PRIME LOCATION: In the heart of Venice Beach!
  • VALUE ADD: 65%+ Rental Upside!
Sq Ft: 2367
Yr Built: 1951
Bdrms: 5
Baths: 3
Pool: No
Parking: 3 Car Garage
Asking: $2,300,000
Property Address
740 Flower Ave
Venice, CA
map View Map
Casey Lins
Contact Agent
Visit Agent Website
Lic#: 01902650
RE/MAX Estate Properties
7131 W Manchester Ave 
  Los Angeles, CA CA

Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.

Real Estate Flyers Provided by ad