2403 Louella Ave is a prime West LA location located in the Venice Blvd Corridor.
The property is a 5-unit (four 1+1 and one 2+2), all recently renovated, apartment that is a value-add play through leasing out the vacant unit (Unit 1 - 1+1), below market rents, and leasing garage spaces.
Ideal location in the heart of Silicon Beach's "Tech Hub" with Close Proximity to Major Tech Employers such as Snap Inc., Google, System1, Headspace, and many more. Less than a Mile Away from the Famous Venice Beach & Boardwalk and in Close Proximity to other well-known Surrounding Amenities and Locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier.
CAP RATE is based on Proforma by leasing out vacant unit (Unit 1 - 1+1) at market rent and leasing garage spaces.