523 MAIN ST Venice, CA 90291

Year-One 6% Cap Rate & 12.7 GRM!!! 523 Main St is a fantastic 5-unit Venice charmer located directly in the heart of Silicon Beach. The property is a 2 minute stroll to the famed Venice Beach Boardwalk, a two block walk to the pristine oceanfront, and a quick bike ride to the celebrated Santa Monica Pier! With its impeccable location, this highly sought after complex offers five studios with equipped kitchens, individually metered gas and electric, and new roofing. The property was built in 1925 and provides excellent natural light and Spanish character. Regarded as one of the highest demand rental markets in the country, this prime asset is well positioned to be a terrific source of cash-flow and accelerated appreciation.