515 Santa Clara Ave, Venice, Los Angeles County, CA, 90291 Los Angeles CA US

Welcome to one of the best opportunities in Venice: a 6-unit income property with NO LA rent control and ONE vacant unit! Park your cash for a 4.3% Cap rate and a strong proforma for a Cap Rate over 5% with future rent increases! Situated in one of the best locations, less than 1 minute off Abbot Kinney! This incredible property offers immense upside, consisting of six freestanding studio bungalows, each with its own private outdoor space. Perfect for an owner/user wanting to live in one and utilize the others for passive income, or bring your 1031 Buyer or investor looking for a premiere cash-flowing property! //About this Property: Incredible privacy awaits in the 6-unit retreat. Wrapped in mature landscaping, you will enter a beautiful entryway filled with greenery that takes you to each separate studio. Each unit offers a similar layout, each a studio with its own bathroom, kitchen, and outdoor space. The units are incredibly charming, filled with natural light, and offer updated finishes, including beautiful hardwood floors, kitchens, bathrooms, skylights in some of the teams, and AC split systems installed in two of the units. The two front units each have large front decks, and all other units also have their own private outdoor space! Two private one-car garages, each unit has an individual water heater and a shared laundry room for the tenants at the rear of the property. A shared courtyard for all the units allows for a common area ideal for enjoying morning coffee or outdoor dining. //The neighborhood: Located in the heart and soul of Venice. You are a stone's throw from Gjelina, Butcher's Daughter, Intelligentsia, Erewhon, and more! Ride your bike to the beach or head over to Rose Ave. Embrace the local creative character and sense of community - this is SoCal living at its finest. Find out more about this property. Request details here