354 4th Ave
Venice, CA 90291
15 Units Blocks from the Beach w/ 40% Upside · Multifamily Property For Sale · 15 Units

Kenny Stevens Team is pleased to present 354-356 4th Avenue, a 15-unit multifamily investment property located in the artistic and trendsetting beachside community of Venice. Located east of Pacific Avenue and south of Rose Avenue, the subject property is within walking distance from Venice Beach. Additionally, residents benefit from its proximity to charming cafes, trendsetting restaurants and luxury boutiques along Abbot Kinney Boulevard, Rose Avenue and Main Street. The almost 12,000 sq. ft. two-story building sits on a large corner lot; and distinguishes itself from other properties with 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. Additionally, 354-356 4th Avenue features secured entry, approximately 24 covered parking spaces and a new roof. Remodeled units are achieving market rents, which present a significant value-add opportunity to investors, as current rents are approximately 33% below market value. 354-356 4th Avenue presents investors with the opportunity to acquire a phenomenal multi-family building in one of Los Angeles’ premier beach communities with significant upside still to be captured.