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.