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Multifamily

609 Broadway

609 Broadway St, Los Angeles, CA 90291

Listing Price: $5,995,000

Cap Rate
4.50%
Number of Units
2
Price/Unit
$2,997,500
Price/Gross SF
$977.34
Gross SF
6,134

Investment Overview

Marcus & Millichap is pleased to present this brand new construction duplex situated at 609 Broadway Street in Venice, CA. The property is less than one mile from the world famous Venice Beach. Built in 2022, this duplex boasts exquisite architecture designed by award-winning Venice architect Robert Thibodeau. This Venice Beach duplex located blocks from Abbot Kinney consists of a 4 bed / 4 bath front unit and a 3 bed / 3 bath back unit, totaling over 6,000 sqft. Features include Caesar stone Kitchen countertops, Carrera covered bathrooms, Cedar siding, white oak hardwood flooring, and high-end appliances. Both units have a 1,400 sqft loft similar to a great room with 15 foot ceilings and private rooftop decks. The main suite comprises the entire third level, while the entry-level of each unit consists of the remaining bedrooms and bathrooms, an entertainment room, and a 4-car garage.

Investment Highlights

  • Brand New 2022 Construction
  • LA City Approved for Condos
  • 3 Bed / 3 Bath - 3,218 SqFt
  • 4 Bed / 4 Bath - 2,916 SqFt
  • Both Homes Recently Leased
  • Great Interest Only Financing
  • Estimated 5.24% Cash on Cash
  • Less than 1 Mile from the Beach

Exclusively Listed By

Financing By

Multifamily

609 Broadway

Listing Price: $5,995,000

Cap Rate
4.50%
Number of Units
2
Price/Unit
$2,997,500
Price/Gross SF
$977.34
Gross SF
6,134

Investment Highlights

  • Brand New 2022 Construction
  • LA City Approved for Condos
  • 3 Bed / 3 Bath - 3,218 SqFt
  • 4 Bed / 4 Bath - 2,916 SqFt
  • Both Homes Recently Leased
  • Great Interest Only Financing
  • Estimated 5.24% Cash on Cash
  • Less than 1 Mile from the Beach

Investment Overview

Marcus & Millichap is pleased to present this brand new construction duplex situated at 609 Broadway Street in Venice, CA. The property is less than one mile from the world famous Venice Beach. Built in 2022, this duplex boasts exquisite architecture designed by award-winning Venice architect Robert Thibodeau. This Venice Beach duplex located blocks from Abbot Kinney consists of a 4 bed / 4 bath front unit and a 3 bed / 3 bath back unit, totaling over 6,000 sqft. Features include Caesar stone Kitchen countertops, Carrera covered bathrooms, Cedar siding, white oak hardwood flooring, and high-end appliances. Both units have a 1,400 sqft loft similar to a great room with 15 foot ceilings and private rooftop decks. The main suite comprises the entire third level, while the entry-level of each unit consists of the remaining bedrooms and bathrooms, an entertainment room, and a 4-car garage.

Exclusively Listed By

Financing By

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