407 Ocean Front Walk - Apartments FOR SALE


Venice, CA 90291
$6,695,000 USD
323-515-8302
407 Ocean Front Walk, Venice, CA for Sale
$6,695,000 USD
Apartments - FOR SALE
1/8
null | 3.06% Cap Rate

407 Ocean Front Walk
Venice, CA 90291


HIGHLIGHTS

  • Prime Venice Beach Boardwalk Location
  • Trophy Asset with +/-60% Potential Upside
  • Astonishing Views of the Pacific Ocean in Select Units
  • All Spacious One Bedroom Units
  • Highly Walkable / Walk Score 92%
  • Attractive Price per SF - $720/SF

OVERVIEW

Arbor Realty Capital Advisors is pleased to present for purchase 407 Ocean Front Walk in Venice, which is considered one of the most desirable locations in Los Angeles, if not all of California. Sitting on the world-famous Venice Boardwalk, just steps from the sand, pickleball/paddle tennis, basketball courts, Muscle Beach, the Venice Skate Park and a myriad of other activities the property also provides access to the 26-mile bike/roller blading path. This track runs from Manhattan Beach, through Venice and Santa Monica, up to Pacific Palisades – arguably one of the most picturesque areas in the world. 407 Ocean Front Walk was built in 1909 and sits on a 4,719 square-foot lot, zoned LAR3. This investment consists of two buildings with three stories each featuring twelve (12) spacious one bedroom/one-bathroom units. All units have hardwood floors, with select units include large balconies and ocean views. The Venice Boardwalk is the second most highly trafficked tourist attraction in Southern California with well over 10 million visitors annually. Boarded by Santa Monica on the north, Mar Vista on the east, Marina del Rey on the south, and the Pacific Ocean on the west this lively neighborhood offers a unique and vibrant mix of activities and attractions. Tenants in this area enjoy eclectic collection of boutiques, salons, galleries, restaurants, bars, along with street vendors and per formers that line the Boardwalk.

FOR SALE DETAILS

PRICE

$6,695,000 USD

PRICE/SF

$720 USD /SF

# OF UNITS

12

PRICE/UNIT

$557,917

CAP RATE

3.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,718 SF

ZONING

LAR3

APN/PARCEL ID

4286-029-002

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.