407 Ocean Front Walk
Venice, CA 90291
Multifamily Property For Sale · 12 Units

407 Ocean Front Walk in Venice, California, a 12-unit apartment building located in one of the most desirable locations in Los Angeles, if not all of California. Sitting on the world famous Venice Boardwalk, just steps from the sand, paddle tennis and basketball courts, Muscle Beach, the Venice Skate Park and a myriad of other activities, the property also provides access to the 26-mile bike/roller blading path which runs from Manhattan Beach, through Venice and Santa Monica, up to Pacific Palisades -- arguably one of the most picturesque areas in the world. This ocean front property consists of two structures built in 1905 and 1909 that sit on a 4,719 square-foot lot, zoned LAR3. 407 Ocean Front Walk offers 12 large and well laid out one-bedroom/one-bathroom units, which are in extremely high demand this close to the beach. The Venice Boardwalk is the second most highly trafficked tourist attraction in Southern California with well over 10 million visitors annually. Over the past several years, Venice has transformed into the heart of Silicon Beach, Los Angeles’ entertainment, media and technology hub, which covers approximately a four-mile stretch along the L.A. coast, including Santa Monica, Venice, Marina del Rey and Playa Vista. This location is at the epicenter of Silicon Beach, with many of the top tech companies (such as, Google, Snap Inc., Buzzfeed, etc) within walking distance, which has attracted the strongest rental demographic today, the Gen Y / Millennials.