1918 Canal St Venice, CA 90291

Description

Six hard to assemble, beautifully maintained, continuous duplexes. NO RENT CONTROL. Never a vacancy. All units have below market rents and great added-value opportunity. Acquisition, development, or re-development opportunity with no downside whatsoever. Acquire quality pride of ownership assets in irreplaceable Venice Beach location, with current cash flow and potential for immediate upside in the short term and big profits through various re-development possibilities using single family or small lot townhome plans. Located 2 blocks from Venice Beach Boardwalk, 1/4 block to Venice Canals, and a short distance to Abbot Kinney. Six lower units are approx 850sf each, 1br/1ba. Six upper units are approx 1300sf each, 2br/2ba. All units have full kitchen, laundry, private patio or balconies, garage with direct access to unit and two additional off-street parking spaces. Current rents are over 10% below market and there is a potential upside of 30% if all units converted to vacation rentals.

Facts
  • Year Built: 1981
  • Unit Count: 2
Features
  • Controlled Access: Yes
  • Hot Tub/Spa: Yes
  • Gated Entry: Yes
  • Lot Depth: 100
  • Lot Width: 30

Available Units

NameListed DateTypePriceBeds/BathsSqftPrice/Sqft

Off Market Units

NameListed DateTypePriceBeds/BathsSqftPrice/Sqft
1918 Canal St08/31/12
Recently Sold
$954,5001 bd, 1.0 ba2,107 $453
1918 Canal St--
Off Market
--Studio, -- ba12,391 --
 
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