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Venice Beach - Triplex

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
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Casey Lins
Contact Agent
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Lic#: 01902650
RE/MAX Estate Properties
7131 W Manchester Ave 
  Los Angeles, CA 90045

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Information deemed reliable but not guaranteed.
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