10 27TH AVE- VENICE BEACH

This stunning beachfront property presents a rare investment opportunity in excellent condition with direct beach access and proximity to some of the trendiest restaurants in the area. Just steps away, residents and visitors can enjoy beach volleyball, surfing, and bike rentals, making it a highly desirable location. In addition to the property’s appeal, the rear parking lot provides immediate income, currently generating $700 per month, with potential for additional revenue. Upside opportunities include the possibility of seller financing with only 30% down, maintaining favorable property tax rates through creative options, and expanding use of the parking lot to maximize returns. The property is also ideally suited for condo or TIC conversion at minimal cost, given that all meters are already separated and parking eligibility is in place. Further value can be unlocked by adding an ADU above the parking lot with a rooftop ocean view—potentially supported by a $40k builder grant—while city regulations even allow ADUs to be sold as separate units without subdivision, creating the possibility of five individual units. Whether you prefer to pursue these opportunities independently or rely on professional management, flexible options are available, including full management services or a master lease for truly passive income. With strong current income and multiple paths for future growth, this beachfront gem is a highly lucrative acquisition opportunity—but with offers closing soon, swift action is essential.