2001 Penmar Ave | Venice, CA 90291

Oct 30

SALE PRICE: $3,300,000

PRICE/UNIT: $300K          PRICE/SF: $440                  GRM: 16                 CAP RATE: 3.96%

PRIME Venice location sandwiched between Santa Monica, Culver City & Marina Del Rey
SITUATED in a desirable pocket of Venice consisting of mainly single-family residence
EXCELLENT unit mix consisting of (4) 2bd/2 ba, (5) 1bd/1ba and two studio units
VALUE ADD opportunity with 40% upside in market rents
UNITS to complete mandatory Earthquake Seismic Retrofit

Michael Monempour

1752 Federal Ave | Los Angeles, CA 90025