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8 Units In A Prime Venice Location

2 units delivered vacant at the close of escrow

Great opportunity to invest in a classic 1930's Spanish style 8- unit property. This trophy property is situated on 2 lots and is located on the corner of Market & Riviera in Venice. There are 5 garages rented for storage that have a large upside for rental increases. The tenants have street parking. The property is about 1/2 way between Abbott Kinney Blvd and Venice Beach. 1 block to Main Street. Upgrades to the property include electrical, plumbing, sewer line and more. The property will be delivered with 2 units vacant and there is huge potential for increased value in both rental increases as well as the location itself is a huge bonus. The property is located within blocks to some of finest shops and restaurants that Venice has to offer. The beach, the shopping, and the upside potential make this a property that will move fast. Showing with offers only so not to disturb tenants. The interior photos are of the units that will be delivered vacant. Buyer to cooperate with seller
  • Upgraded Electrical
  • Upgraded Plumbing
  • Major Upside in Rents
  • Close to the beach, Main St & Abbot Kinney
  • Upgraded Sewer Line
  • 2 Units Delivered Vacant
  • 5 Garages (Month to Month)
  • Projected Rents are Low
MLS: 17-265668
Sq Ft: 5,268
Yr Built: 1931
Bdrms: 8
Baths: 8
Pool: No
Parking: None
Asking: $4,188,000
Property Address
1312 Riviera Ave
Venice, CA
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Agent photo
Ian Hale
Contact Agent
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Lic#: 01120121,00468292
RE/MAX Estate Properties
124 Washington Blvd 
  Marina Del Rey, CA 90292

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