Listed by William Joseph, Joseph Group,

627 San Juan Avenue

Venice, CA, 90291

$2,200,000

$1,214 per ft²
$2,200,000
$1,214 per ft²
Active
Active
 - For Sale
carpenters-square
1,812 ft²
property_type
Multi-family
calendar
Built 1946
Following renovations, this highly coveted Venice income property features two bright and spacious 2-bedroom, 1-bath units on a large 5,209SF lot with ADU potential. Perched behind a high gate just moments from Abbot Kinney you'll find this prime turnkey duplex positioned on a large lot that boasts an undeniable personality and style unique to only that of a high-end Venice property. With many updates, each unit offers hardwood floors, oversized large windows with natural light, and each unit with its own dedicated laundry. The spacious private yard offers ample parking and outdoor living and entertaining space. This duplex is perfect for an owner/user, or as an investment. Live in one unit and rent the other or make use of the huge yard or perhaps even a pool. The upstairs unit will be vacant in July and the downstairs unit will be month-to-month also in July. Each unit is currently rented for $3,850 per month. This investment property offers significant upside. Current net operating income is based on actual rents and new taxes based on purchase amount. Pro-forma for each unit is $4,200/month with the owner paying utilities.
MLS® ID:
SB22118955
Listed:
6/8/22
Updated:
7/4/22

Interior Features

Kitchen Appliances
Gas Range
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Stone Counters, Unfurnished
Laundry Description
Inside
Floor Description
Wood
Fireplace
Family Room
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
5,229 ft² lot
Lot Details
2-5 Units/Acre
Roof
Shingle
Sewer
Public Sewer

Other Property Details

Area Name
C11 - Venice
HOA Amenities
Sidewalks
Garage
No
Parking
Carport
View
Y
County
Los Angeles
Utilities
Sewer Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LARD1.5

 

Listed by William Joseph, Joseph Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 7/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 1:58 PM UTC, 7/4/22

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