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28061428
13236171

10 27th Ave, Los Angeles, CA 90291

RS
CA CA 01744494, CA California 01744494
Wealth Road Realty INC
Listed by Wealth Road Realty INC
Unpriced
478 days on market
Updated 10 days ago

10 27TH AVE- VENICE BEACH

Details
APN 4226-020-025
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 2,700
Units 4
NOI $223,000
Occupancy 100%
Broker Co-Op Yes
Class A
Year Built 1952
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 2,750 - 3,750
Parking Spaces 10 per unit
Investment Type Sale/Leaseback
Occupancy Date 11/11/2025
Ground Lease No
Ownership Fee Simple

Creative financing & loan of $2mil at 5.85% rate for additional 4 years/ A Great Saving

Marketing description

Stunning Beachfront Investment Opportunity!

This prime property, in superb condition, offers direct beach access and is surrounded by the best hip restaurants. Enjoy volleyball on the sand, surfing, and bicycle rentals just steps away. The ample parking lot can generate additional income on top of current $1050 per month for 3 spot separately rented only. To secure this lucrative investment, act swiftly as we aim to finalize offers by next week.

Investment Highlights

  • Massive Tax Savings:
    2025 bonus depreciation estimated at
    $444,237, offsetting other real estate income.
    → Based on 45% land allocation (CPA confirmation recommended)
    → ROI:
    $27–$30 in tax savings per $1 invested
    → Full report Attached

  • Unique Advantage:
    The
    current owner has not claimed any depreciation, so the entire tax benefit transfers to the buyer.

  • Turnkey & Income-Producing:
    All 4 units are
    fully remodeled, furnished, and separately metered — generating immediate rental income.

  • Flexible Financing Options:

    • Potential LLC purchase to maintain current low property tax rate

    • Seller financing or loan assumption up to $2M with ~30% down

    • Seller may cover most closing costs for transfer of title through LLC which is great saving for buyer as well ( ask for detail)

    • Potential up to 4 single ADU’s or up to 2 one bedrooms above parking allowed (with ocean view rooftop)

      1) Tax is being impounded by the current lender in monthly mortgage payment (Approx $37k p.y)

      2) Owner can potentially carry up to $2mil Loan Terms are as 5.85% fixed Principal, Interest and Tax included Amortized25/ 5 yrs ( Approx. 2 yrs left) and 5 yrs option as long as the buyer is willing to place at least $1.260 Mil down payment.

Upside Opportunities:

A - Immediate income-producing potential.

B - Excellent possibility for seller financing with only 30% Down. ( $1,260,000)

C - Potential to maintain the current property tax rate for new buyers with creative seller options.

D - Rear parking lot with approximately 6+ spaces for 4 units. Currently collecting $1050.00 Per month for two spaces.

E - Condo conversion opportunity at a very low cost, since all meters are separated and parking eligibility makes it best candidate for TIC (Tenant in common) or conversion.

F - Creative space above the parking lot to build an ADU with an ocean view rooftop! This could be a pre-Built unit with low installation costs and a potential $40k grant for the builder.

G - ADUs by the city of LA can be sold as separate units without needing subdivision. So this property can be 5 units together or separate.

H - Whether you choose to proceed with any of the options above or prefer us to manage everything, we are here to work with you. Our management fee ranges from 10% to 15%, depending on the services and level of involvement you expect from the buyer or we can just do a master lease and you enjoy the free ride.

For further information or any questions, please contact me directly. Time is of the essence, and I am here to assist you every step of the way to ensure a smooth and profitable acquisition.

Act now to seize this incredible beachfront investment opportunity!

Investment highlights

Prime Location with Direct beach access & ADU Opportunities!

Discover a unique investment opportunity with this beautifully renovated 4-unit building, perfectly situated on the corner of 27th Ave & Oceanfront Walk. Just steps from Venice Beach and vibrant areas for volleyball, yoga, and upscale shopping and dining, this property offers an unbeatable location.

Property Highlights:

  • Versatile Sale Options: Available fully vacant or with an established superhot Airbnb and short-term rental business.

  • Renovated Units: All units have been completely updated, including plumbing and electrical systems, and fully furnished in 2022.

  • Separate Metering: Each unit is separately metered, providing ease of management and billing.

  • Parking Lot: Rare for the area, the property includes parking assigned per unit plus extra spaces.

  • Modern Interiors: Clean, airy, contemporary units with high-quality cabinetry, artwork, stainless steel appliances, washer/dryer, TVs, linens, plates, and silverware.

  • Condo Conversion Potential: High profit potential with the possibility of converting units into condos.

  • Well-Maintained: The building is in excellent condition, meeting current plumbing and electrical codes.

Additional Investment Benefits:

  • ADU Potential: Build an Additional Dwelling Unit (ADU) above the parking lot for added rental income and an ocean-view rooftop, thanks to the city's recent 3 ft height increase approval as of January 2023.

  • Immediate Income: Continue earning income from short-term rentals during construction of the ADU, with the potential to double rental income with proper management.

  • Easy Showings: All units are available for easy showings and can be delivered vacant.

Financing:

  • Creative Financing Options: Take advantage of an existing loan with a low fixed rate of 5.85% on $2 million for the next 4 years, potentially assumable if you take over the LLC and to eliminate unnecessary transfer fees & loan costs & headache.

This property not only offers immediate rental income but also tremendous upside potential with various development opportunities. Don’t miss out on this rare chance to invest in a prime Venice Beach location!

Listing Contacts

RS
CA CA 01744494, CA California 01744494
Wealth Road Realty INC
Listed by Wealth Road Realty INC

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$223,000.00
$18,583.33/mo

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Zoning

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RD1.5-1-O ResidentialMulti FamilyRestricted Density Multiple Dwelling Oil Drilling
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Rebeka Shadpour
License
CA 01744494
Brokerage Phone
213-761-2766
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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