14 Brooks Ave, Los Angeles, CA 90291
- The asset is "One of One" - nothing like it anywhere!
- Impeccable Fit & Finish Inside-and-Out
- Only Steps to Sand & Surf
- Over $3.5MM in Custom Renovations and Capital Improvements
- 2,500+ Sq. Ft. Furnished Rooftop Deck
- The "perfect" unit type for this discerning & youthful renting base
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.