Property Detail

Description

PORTFOLIO SALE: 11 19TH AVE (3 UNITS), 20 19th AVE (4 UNITS) & 11 20th AVE (3 UNITS) PROPERTIES CAN BE SOLD TOGETHER OR SEPARATELY... 11 19th Ave in Venice, a fantastic luxury triplex investment opportunity right in the heart of Venice on a charming "Walk Street", just steps away from the beach. Built in 1971, this fully renovated 2,724 square foot building is the perfect owner-user property, featuring a spacious 2-bedroom plus lofted bedroom / 2-bathroom unit with large bright spaces, ocean views and a large private balcony. This fully renovated unit has in-unit washer/dryer and features fireplaces in both the living room & the loft. There is also a large 1-bedroom plus lofted bedroom / 2-bathroom unit spanning three levels with sweeping ocean & coastal views from the loft area and a large rooftop sundeck. This unit also features fireplaces in the living room and lofted bedroom. The final unit is a first-floor studio with a fireplace and a privatized area of the patio (no kitchen).Over the past four years, the property has seen significant capital improvements, including a newly built redwood roof deck, new hardwood, floors, central A/C in the downstairs rear unit, new garage doors & motor, and countless interior upgrades like repainting, new cabinets and appliances. In addition to the sizable units, the property features a shared front patio along 19th Ave with a barbecue & furniture for entertaining. The property also features five, gated tuck-under parking spaces at the back of the building (3 stalls total, 2 are tandem). Additionally, there is a community laundry room by the parking area. While the property is currently fully occupied with very strong rents, it's the perfect opportunity for a buyer looking to live steps from Venice Beach and collect income from the other two units.