Return-Path: Delivered-To: info@sterlingcal.com Received: from reseller401.webserversystems.com by reseller401.webserversystems.com with LMTP id uOADBEEo9WJV3gIAchKAPA (envelope-from ) for ; Thu, 11 Aug 2022 11:03:13 -0500 Return-path: Envelope-to: info@sterlingcal.com Delivery-date: Thu, 11 Aug 2022 11:03:13 -0500 Received: from ccm32.constantcontact.com ([208.75.123.228]:48965) by reseller401.webserversystems.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384 (Exim 4.94.2) (envelope-from ) id 1oMAeO-000n5V-8c for info@sterlingcal.com; Thu, 11 Aug 2022 11:03:12 -0500 Received: from [10.252.0.2] ([10.252.0.2:47658] helo=p2-jbemailsyndicator18.ctct.net) by 10.249.228.10 (envelope-from ) (ecelerity 4.3.1.999 r(:)) with ESMTP id CB/C9-38062-92825F26; Thu, 11 Aug 2022 12:02:49 -0400 DKIM-Signature: v=1; q=dns/txt; a=rsa-sha256; c=relaxed/relaxed; s=2020266025; d=mahercr.com; h=date:mime-version:subject:X-Feedback-ID:X-250ok-CID:message-id:from:reply-to:list-unsubscribe:list-unsubscribe-post:to; bh=gsgFUW41nCKvE6gRRi323PPQGI0K5QxTV8LAM3p/R0o=; b=aDQwjHv16KU3+FcI0ChpxTUW26noB15xrsVGmsZj5KkNbVVqcJB1aZ5MV06j/Yaq8SyODcNs2Ux7aT8OZpD+MR5oRU4TIQKOuPzm27qdf7rJhNwaFWeJ5x3ztAfFhOJI9TKfyyaMVfE9etTrreix5XgoqBQ9WU4UE9JsZ8rlqhQ= DKIM-Signature: v=1; q=dns/txt; a=rsa-sha256; c=relaxed/relaxed; s=1000073432; d=auth.ccsend.com; h=date:mime-version:subject:X-Feedback-ID:X-250ok-CID:message-id:from:reply-to:list-unsubscribe:list-unsubscribe-post:to; bh=gsgFUW41nCKvE6gRRi323PPQGI0K5QxTV8LAM3p/R0o=; b=Zjjp+APPNMYMlnAxUiHVtaSD9RuqkL235uFKduHTlLEWiJIToloTKA8kW2DUYA+6MlGLQfM0ootIZLdKCiPElXVX+3DA2jandouc6HxDg0xAT6gbPAZaPRqU6Yw0Sm1La4nT9YbYLIPrf/B7Z+T6KovBtR0S+lpHeLmB6CKJMII= Message-ID: <1139176026928.1109032175899.1577520235.0.721200JL.2002@scheduler.constantcontact.com> Date: Thu, 11 Aug 2022 12:02:49 -0400 (EDT) From: Maher Commercial Realty Reply-To: oron@mahercr.com To: info@sterlingcal.com MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_262028401_1862127503.1660233769779" List-Unsubscribe: List-Unsubscribe-Post: List-Unsubscribe=One-Click X-Campaign-Activity-ID: 5b35720d-b1d3-415b-9e88-47478e9d1e95 X-250ok-CID: 5b35720d-b1d3-415b-9e88-47478e9d1e95 X-Channel-ID: beb565e8-e7b9-11ea-89b9-d4ae527b79b7 X-Mailer: Roving Constant Contact 2012 (http://www.constantcontact.com) X-Return-Path-Hint: AWzVyDbHTQVueiEdHjp0elQ==_1109032175899_vrVl6Oe5EeqJudSuUnt5tw==@in.constantcontact.com X-Roving-Campaignid: 1139176026928 X-Roving-Id: 1109032175899.1577520235 X-Feedback-ID: beb565e8-e7b9-11ea-89b9-d4ae527b79b7:5b35720d-b1d3-415b-9e88-47478e9d1e95:1109032175899:CTCT X-CTCT-ID: be82bf4e-e7b9-11ea-89b9-d4ae527b79b7 X-Spam-Status: Yes, score=6.7 X-Spam-Score: 67 X-Spam-Bar: ++++++ X-Spam-Report: Spam detection software, running on the system "reseller401.webserversystems.com", has identified this incoming email as possible spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: Convert +/- 1,400 Square Feet of Space Into Legal Square Footage 1712 Washington Way | Venice | CA 90291 Prime Venice Beach Triplex with Potential Opportunity to Convert Storage Room and Garage to [...] Content analysis details: (6.7 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: constantcontact.com] 3.0 RCVD_IN_BL_SPAMCOP_NET RBL: Received via a relay in bl.spamcop.net [Blocked - see ] -0.5 SPF_PASS SPF: sender matches SPF record 0.2 HEADER_FROM_DIFFERENT_DOMAINS From and EnvelopeFrom 2nd level mail domains are different 0.5 URI_NOVOWEL URI: URI hostname has long non-vowel sequence 0.0 HTML_FONT_LOW_CONTRAST BODY: HTML font color similar or identical to background 0.0 HTML_MESSAGE BODY: HTML included in message 2.5 DCC_CHECK No description available. 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.0 T_KAM_HTML_FONT_INVALID Test for Invalidly Named or Formatted Colors in HTML -0.0 T_SCC_BODY_TEXT_LINE No description available. 1.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: YES Subject: [SPAM] For Sale: Venice Beach Easy Value-Add Opportunity ------=_Part_262028401_1862127503.1660233769779 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable Convert +/- 1,400 Square Feet of Space Into Legal Square Footage 1712 Wash= ington Way | Venice | CA 90291 Prime Venice Beach Triplex with Potential Op= portunity to Convert =EF=BB=BFStorage Room and Garage to Two ADU's. Buildin= g Size 1,610 Sq. Ft. List Price $2,325,000 Lot Size 6,204 Zoning RD1.5 Park= ing 1.5-Car Garage 2-Car Garage Occupancy 100% PROPERTY DESCRIPTION Opportu= nity to convert the second building into two ADU's, making this a 5-unit bu= ilding totaling +/- 3,010 square feet. Just a short stroll to the beach, Ab= bot Kinney and the Venice Canals, 1712 Washington Way is a three-unit bunga= low, plus a +/- 770 SF recreation space and two garage units. The triplex i= s fully leased as is the back "room" offering the buyer a strong 3.5% exist= ing cap rate, with upside in those rents. This property also offers an oppo= rtunity to convert this triplex into a five-unit building, adding an additi= onal +/- 1,400 square feet. There are currently two structures on this prop= erty- The first is 1712 Washington Way is a three-unit bungalow; the second= "back structure" is a +/- 770 SF room (with a permitted bathroom) and two = garage units totaling +/- 1,400 square feet. PROPERTY FEATURES List Price: = Cap Rate: Building Size: Potential Building Size: Lot Size: Total Units: Po= tential Total Units: Parking: PROPERTY FEATURES $2,325,000 3.5% 1,610 Sq.Ft= . +/-3,010 Sq.Ft. 6,204 Sq.Ft. 3 Units + Rec Space 5 Units 1.5-Car Garage a= nd 2-Car Garage Opportunity to convert the second building into two ADU's, = making this a 5-unit building totaling +/- 3,010 square feet Front building= is a fully leased triplex with good rental upside Existing 3.5% cap rate i= n trophy Venice location with good rental upside Second building has a +/- = 770 square foot room, which is currently leased at a below market rate, and= two garage units. This building totals +/- 1,400 square feet. 2 blocks to = Abbot Kinney and Venice Canals, 3 blocks to Venice Beach Qualifies for resi= dential financing as a 3-unit investment property 51% upside potential with= ADU conversions, no long term leases Historically strong appreciation in V= enice, irreplaceable beach property FOR MORE INFORMATION PLEASE CONTACT: Ni= cole Lu Investment Sales, Consulting Maher Commercial Realty 310.710.1018 N= icole@MaherCR.com BRE# 02045957 Oron Maher Broker-Director, Esquire Maher C= ommercial Realty 310.464.1453 Oron@MaherCR.com BRE# 01299093 Real Estate fo= r the Prosperity of All =C2=A92022 Maher Commercial Realty. Broker does not= guarantee the accuracy of square footage, lot size or other information co= ncerning the condition or features of property provided by seller or obtain= ed from public records or other sources, and the buyer is advised to indepe= ndently verify the accuracy of that information through personal inspection= and with appropriate professionals. Broker may or may not have an exclusiv= e right to sell property. =E2=80=8C =E2=80=8C =E2=80=8C Maher Commercial Re= alty | 275 S Beverly Drive, Ste 100, Beverly Hills, CA 90212 Unsubscribe in= fo@sterlingcal.com Update Profile | Constant Contact Data Notice Sent by or= on@mahercr.com powered by Try email marketing for free today! ------=_Part_262028401_1862127503.1660233769779 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: 7bit
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1712 Washington Way | Venice | CA 90291
Prime Venice Beach Triplex with Potential Opportunity to Convert
Storage Room and Garage to Two ADU's.
Building Size

1,610 Sq. Ft.
List Price

$2,325,000
Lot Size

6,204
Zoning

RD1.5
Parking

1.5-Car Garage
2-Car Garage
Occupancy

100%
PROPERTY DESCRIPTION

Opportunity to convert the second building into two ADU's, making this a 5-unit building totaling +/- 3,010 square feet.

Just a short stroll to the beach, Abbot Kinney and the Venice Canals, 1712 Washington Way is a three-unit bungalow, plus a +/- 770 SF recreation space and two garage units. The triplex is fully leased as is the back "room" offering the buyer a strong 3.5% existing cap rate, with upside in those rents. This property also offers an opportunity to convert this triplex into a five-unit building, adding an additional +/- 1,400 square feet. There are currently two structures on this property- The first is 1712 Washington Way is a three-unit bungalow; the second "back structure" is a +/- 770 SF room (with a permitted bathroom) and two garage units totaling +/- 1,400 square feet.
PROPERTY FEATURES
List Price:
Cap Rate:
Building Size:
Potential Building Size:
Lot Size:
Total Units:
Potential Total Units:
Parking:
PROPERTY FEATURES
$2,325,000
3.5%
1,610 Sq.Ft.
+/-3,010 Sq.Ft.
6,204 Sq.Ft.
3 Units + Rec Space
5 Units
1.5-Car Garage and 2-Car Garage
  • Opportunity to convert the second building into two ADU's, making this a 5-unit building totaling +/- 3,010 square feet

  • Front building is a fully leased triplex with good rental upside

  • Existing 3.5% cap rate in trophy Venice location with good rental upside

  • Second building has a +/- 770 square foot room, which is currently leased at a below market rate, and two garage units. This building totals +/- 1,400 square feet.
  • 2 blocks to Abbot Kinney and Venice Canals, 3 blocks to Venice Beach

  • Qualifies for residential financing as a 3-unit investment property

  • 51% upside potential with ADU conversions, no long term leases

  • Historically strong appreciation in Venice, irreplaceable beach property
FOR MORE INFORMATION PLEASE CONTACT:
Nicole Lu
Investment Sales, Consulting
Maher Commercial Realty
310.710.1018
Nicole@MaherCR.com
BRE# 02045957
Oron Maher
Broker-Director, Esquire
Maher Commercial Realty
310.464.1453
Oron@MaherCR.com
BRE# 01299093
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Real Estate for the Prosperity of All
©2022 Maher Commercial Realty. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Broker may or may not have an exclusive right to sell property.
Maher Commercial Realty | 275 S Beverly Drive, Ste 100, Beverly Hills, CA 90212
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