Description

Introducing a prime investment opportunity in the vibrant and sought-after neighborhood of Venice. Presenting 2478 & 2478 1/2 Penmar Avenue, a multi-family property that combines a desirable location, incredible potential, and an impressive return on investment. Situated in the heart of Venice just moments away from the iconic Venice Beach, this stunning property features a fabulous layout with two residences each featuring 4 bedrooms and 3.5 bathrooms. With a total living space of apx. 7,700 sq.ft., both homes offer an abundance of natural light, contemporary finishes, and modern amenities, ensuring an exceptional living experience for tenants and/or owner-users. Residents will enjoy easy access to the breathtaking coastline, the renowned Venice boardwalk, and the bustling shops, cafes, and restaurants along Abbot Kinney Boulevard. This dynamic location provides a unique blend of beachside living and urban convenience, making it a coveted destination for tenants and ensuring high demand. Investors will appreciate the substantial income potential of this property. In addition to its excellent location and income potential, this property offers ample parking space, providing convenience for residents, as well as well-maintained common areas and landscaping, adding to the overall appeal and value. Whether you are an experienced investor looking to expand your portfolio or a discerning buyer seeking a lucrative opportunity, this property presents an exceptional chance to capitalize on the robust Venice real estate market. Assumable Loan at 4.99% Interest Only.