A Golden Opportunity
If you’ve been contemplating making a real estate investment, this blog post is your ultimate guide to understanding why Venice Beach should be on your radar. From the undeniable allure of this vibrant seaside town to a unique investment opportunity that could be your ticket to financial success, we’ve got it all covered. Let’s dive in and explore the top five reasons to consider investing in Venice Beach, along with an exclusive look at a vacant duplex that could be your next income-generator.
- Prime Location: Venice is a highly sought-after coastal neighborhood in Los Angeles, known for its beautiful beaches, vibrant culture, and proximity to major attractions like Santa Monica, Marina del Rey, and the tech hub of Silicon Beach. Its prime location ensures a steady stream of long-term renters, vacationers, and potential buyers.
- Strong Rental Market: Venice has a robust rental market, driven by the influx of professionals, creatives, and tourists. Investing in rental properties can provide a consistent income stream, especially during the spring and summer seasons.
- Appreciation Potential: Over the years, property values in Venice have shown consistent appreciation. This can lead to long-term wealth building and a profitable exit strategy if you decide to sell later.
- Tourism: Venice Beach is a major tourist destination with millions of visitors each year. Owning a vacation rental property can be lucrative, as tourists and long-term renters are often willing to pay a premium for solo accommodations in this iconic area.
- Tax Benefits: Owning real estate investment properties offers significant tax advantages, such as deductions for mortgage interest, operating expenses, and depreciation, and the potential to defer capital gains through a 1031 Exchange.
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Introducing 1711-1715 Linden Avenue:
If you’re looking for the perfect opportunity to own in Venice, I have an incredible property for you!
Situated in Venice’s Milwood Triangle behind a white picket fence, this property consists of two equally adorable 1 bedroom/1 bathroom units. Both units have been completely remodeled with light and airy English country design. A great opportunity to own in an area where demand is high and the potential returns are even higher!
Property Details:
1711-1715 Linden Avenue | Venice, California
2 x 1 Bed/1 Bath Units with Laundry In-Unit
Approx. 1,139 SF | Approx. 3,221 SF Lot
Price Reduced: $1,995,000
Each unit features:
- Updated Kitchen
- Butcher Block & Quartz Counters
- Matching Smeg Appliances
- Renovated Bathroom
- Laundry/Mudroom
- Individual Front Porch
- Dedicated Parking Spot
- Shared Back Patio
- Grassy Yard with Rose Bushes & Citrus Trees
Before/After:
Let’s take a look at some before/after photos to see all of the improvements made to increase value for renters.
Investment Details:
Actual Expenses:
- Property Taxes: $19,993.87
- Utilities: $1,912.78
- Insurance: $2,804.34
- Landscaping: $3,189.99
- Pest Control: $572
- HVAC Maintenance: $222.48
- Total Annual Expenses: $28,965.46
Projected Income
- Market Rate Rent: $5,000/unit
- Total Monthly Income: $10,000
- Gross Annual Income: $120,000
Before purchasing an investment property, it’s essential to conduct thorough research, consider your financial goals, and consult with local real estate professionals to make an informed decision that aligns with your investment strategy. If you’re ready to talk, give me a call and I’ll be happy to guide you from start to finish!
