Venice Apartment 36-38 1/2 Rose Ave.

36-38 1/2 Rose Ave is a prime, generational asset right in the heart of Venice Beach. This three building, 10-unit community is situated five doors from the historic Venice Boardwalk and a 10-minute walk to vibrant local attractions of Abbot Kinney. The property offers tenants the quintessential coastal living experience by offering a mix of (7) studio apartments, (1) one-bedroom unit, and (2) two-bedroom units. The property also includes 9 dedicated parking spaces to help tenants in the historically difficult parking location near the boardwalk, while generating additional income for the owner to enhance its investment appeal. With 6 strategically planned vacancies, new ownership has the unique opportunity to set market rents immediately, maximizing revenue potential without the wait for tenant turnover. The remaining units are already at or close to market rent, ensuring consistent cash flow from day one.
Investment Highlights:
6 planned vacancies to push rents to market rate
350 feet from Venice Beach Boardwalk
Prime starter location for new Venice Beach residents
9 parking spaces producing additional income
Newly painted to protect from the ocean elements
Walkers Paradise:
No need for a car here, jump on your beach cruiser because Venice is a locals dream with a 94 Walk Score. Residents enjoy the convenience of being steps away from Venice Beach, local shops, restaurants, and a variety of attractions.
Limited Lease up Time:
Venice Beach is the second most visited destination in Southern California, attracting millions of visitors each year. With the steady influx of tourists and new residents moving to Los Angeles, Venice Beach is a prime location where people immediately look to settle, significantly reducing lease-up time and ensuring high demand for rental units.
Young Professional Paradise:
Venice is one of the top neighborhoods for young professionals in Los Angeles, particularly those working in Silicon Beach. These residents often have the financial capacity to pay above-market rents, making Venice a lucrative area for investors seeking high rental income.