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!
PRIDE OF OWNERSHIP
OWNER USER OPPORTUNITY
GREAT UNIT MIX