1025 PLEASANTVIEW Avenue

4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot… Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing! Read More