Description
14 Brooks has virtually no competition in the rental market, for a potential renter, nor in the investment property market, for a potential Buyer. It is "one of one". With OVER $3,500,000 of recent capital improvements, the asset is state-of-the-art in every way - and mere steps to world-famous sand and surf. It is superior to anything on the market. In a Venice location where "the lifestyle" is paramount, the asset is made up of 14 ultra-luxury Studio units with never-before-seen amenities, that are too numerous to mention, here. All topped with a massive, 2,500+ square foot, furnished, rooftop deck with a firepit and BBQ area. Grossing almost $650,000 year one. The offered 3.3% cap rate is superior to 5 and 10 year bond returns - with the additional benefits of capital appreciation and a haven for tax write-offs, unlike bonds. It is not only an excellent investment option for a real estate investor, but an investment option that competes for a stock and bond investor's dollar, as well....and wins. A perfect investment? I think so.
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School Ratings & Info
Description
14 Brooks has virtually no competition in the rental market, for a potential renter, nor in the investment property market, for a potential Buyer. It is "one of one". With OVER $3,500,000 of recent capital improvements, the asset is state-of-the-art in every way - and mere steps to world-famous sand and surf. It is superior to anything on the market. In a Venice location where "the lifestyle" is paramount, the asset is made up of 14 ultra-luxury Studio units with never-before-seen amenities, that are too numerous to mention, here. All topped with a massive, 2,500+ square foot, furnished, rooftop deck with a firepit and BBQ area. Grossing almost $650,000 year one. The offered 3.3% cap rate is superior to 5 and 10 year bond returns - with the additional benefits of capital appreciation and a haven for tax write-offs, unlike bonds. It is not only an excellent investment option for a real estate investor, but an investment option that competes for a stock and bond investor's dollar, as well....and wins. A perfect investment? I think so.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T08:25:00.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.