2418 Pacific Avenue, Venice, California 90291

For the first time in nearly three decades, 2418 Pacific Ave is nowrrnon the market. The sellers own an identical 4-plex next door atrrn2420 Pacific and are open to offers on both properties, eitherrrntogether or separately.rrnThese exceptional A-Class Venice assets are on the walk streets ofrrnthe Venice Canals and are mere seconds from the beach.rrnThis offering presents an outstanding opportunity for an investorrrnor owner-occupant to acquire a trophy asset in a highly desirablerrnarea of Venice Beach. The building boasts strong in-place rentsrrnand is being offered at a 4.62% cap rate and 15.36 GRM. Withrrnparking and outdoor space available for 3 out of 4 units, a buyerrrnwill have ease when renting, minimizing vacancy loss.rrnEach property is a 2,802 square feet 4-unit building on a 2,755-rrnsquare foot lot. They feature one 3-br/2-ba unit with a patio and 2rrnparking spaces, one 2-br/1-ba unit with a large back deck and 2rrnparking spaces, and 2 studio units with one parking space eachrrnand a patio. 2418 Pacific Ave will be delivered with two vacantrrnunits, a vacant 2-bedroom and a vacant studio, both of which arerrnsituated on the same level, providing an owner occupant therrnopportunity to combine them into a single, larger space. 2420rrnPacific Ave will be delivered fully occupied and is generatingrrn151,000 in rental income.