15 Units Near Venice Beach with 33% Upside in Rents

The almost 12,000 sq. ft. two-story building sits on a large corner lot, and distinguishes itself from other properties with a smooth stucco facade complemented by a prominent mural commissioned by renowned artist Spencer Mar Gilburt. The subject property is comprised of (1) three-bedroom and one-bath townhouse, (1) two-bedroom and one-bath townhouse, (2) three-bedroom and two-bath units, (9) two-bedroom and one-bath units and (2) one-bedroom and one-bath units. 7 out of 15 units have been remodeled to include quartz countertops, stainless steel Frigidaire appliances, soft-close custom cabinets, LED lighting package, copper plumbing, and a custom black window package. Remodeled units are achieving market rents, which present a significant value-add opportunity to investors, as current rents are approximately 33% below market value.  Additionally, 354-356 4th Ave. features secured entry, approximately 24 covered parking spaces and a new roof.