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Broadway @ Venice 654 Broadway St

2 Unit Block of Flats £1,676,625 (£838,312/Unit) 4.70% Net Initial Yield Venice, CA 90291

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Investment Highlights

Venice close to Abbot Kinney

Executive Summary

Nestled in a lush garden in a prime Venice neighborhood just a short distance from Abbot Kinney Boulevard, these updated 2-unit townhomes are 2-bedroom, 1 & 1/2-bath that embrace ocean breezes and a coastal vibe. This interior/landscape, designer-owned property offers a perfect blend of sophisticated character, gardens, and modern amenities. Upgrades include a new roof, new windows, and new kitchen appliances making this home move-in ready'Tenancy in Common (TIC) Sale: Own a share of this beautiful property with individual ownership rights. Competitive mortgage options at current market interest rates. Join the thriving Westside real estate market, with hundreds of successful TIC sales completed. Explore what a TIC is and how it works. See attached docs for offer guidelines, TIC, and financing information. Some furnishings are staged. Broker/Agent/Seller does not guarantee the accuracy of square footage, lot size, ordinances, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to verify the accuracy of all information
Showing Remarks: Call, email jpbrozyna@gmail.comor textt 310-428-1645

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£104,281	£50.82
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£104,281	£50.82
Taxes	£17,380	£8.47
Operating Expenses	£9,480	£4.62
Total Expenses	£26,860	£13.09
Net Operating Income	£77,421	£37.73

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£104,281
Annual Per SF	£50.82

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£104,281
Annual Per SF	£50.82

Taxes
Annual	£17,380
Annual Per SF	£8.47

Operating Expenses
Annual	£9,480
Annual Per SF	£4.62

Total Expenses
Annual	£26,860
Annual Per SF	£13.09

Net Operating Income
Annual	£77,421
Annual Per SF	£37.73

Property Facts

Price	£1,676,625	Property Subtype	Apartment
Price Per Unit	£838,312	Lot Size	0.12 AC
Sale Type	Investment	Building Size	2,052 SF
Net Initial Yield	4.70%	Number of Floors	2
Gross Rent Multiplier	16	Year Built/Renovated	1980/2024
No. Units	2	Parking Ratio	1.46/1,000 SF
Property Type	Residential

Price	£1,676,625
Price Per Unit	£838,312
Sale Type	Investment
Net Initial Yield	4.70%
Gross Rent Multiplier	16
No. Units	2
Property Type	Residential
Property Subtype	Apartment
Lot Size	0.12 AC
Building Size	2,052 SF
Number of Floors	2
Year Built/Renovated	1980/2024
Parking Ratio	1.46/1,000 SF