Compelling Core-Plus Opportunity - Avalon Venice on Rose can be improved with higher-end luxury finishes to further establish itself as the the trophy asset in Venice.
Rare Offering - Extremely rare opportunity for an investor to acquire a property located 5 blocks from the beach in Venice, which has seen one other 50+ apartment building sell in the last 20 years.
Outstanding Tenant Demographics - Avalon Venice on Rose benefits from its premier tenant base, with an average annual income of reporting residents at $298,883.
Robust Nearby Employment - Avalon Venice on Rose is located between Santa Monica and Playa Vista at the epicenter of the Silicon Beach tech hub, and as such, provides residents numerous employment opportunities within a short commute.
Significant Discount to Home Ownership - Surrounded by some of the most expensive homes in Southern California, the median SFR price in Venice is currently $2.0M, which has increased 48% in the last five years.