2418 Pacific Ave, Venice, CA 90291

For the first time in nearly five decades, 2418 Pacific Ave is now on the market. The sellers own an identical 4-plex next door at 2420 Pacific and are open to offers on both properties, either together or separately. These exceptional A-Class Venice assets are on the walk streets of the Venice Canals and are mere seconds from the beach. This offering presents an outstanding opportunity for an investor or owneroccupant to acquire a trophy asset in a highly desirable area of Venice Beach. The building boasts strong in-place rents and is being offered at a 4.68% cap rate and 15.21 GRM. With parking and outdoor space available for 3 out of 4 units, a buyer will have ease when renting, minimizing vacancy loss. Each property is a 2,802 square feet 4-unit building on a 2,755-square foot lot. They feature on 3bed/2bath unit with a patio and 2 parking spaces, one 2bed/1bath unit with a large back deck and 2 parking spaces, and 2 studio units with one parking space each and a patio. Reach out for more information regarding 2420 Pacific Ave.