Property listed by Pardee Properties, Tyler Kunkle 310-907-6517
$2,195,000
Discover a truly unique investment property in the heart of Venice! Situated on a rare triple lot just blocks from the world-renowned Abbot Kinney Boulevard, the Rose Corridor, and iconic Venice Beach, this 8-bungalow compound offers unparalleled charm, location, and potential. Property Highlights: Unit Mix:(1) 2-bedroom, 2-bathroom unit, (2) 1-bedroom,… Read More 1-bathroom units, and (5) studios. The bungalows are centered around a picturesque courtyard adorned with a majestic tree, creating a serene, community-centric environment. Most units include their own private outdoor areas, perfect for soaking up the Southern California sun. Nestled on a quiet street, this property offers unbeatable walkability. Stroll to Abbot Kinney Boulevard for its trendy shops, cafes, and dining, or enjoy the vibrant energy of the Rose Corridor. With its premier location and versatile unit mix, this property, zoned RD1.5-1-0, presents massive 52% rental upside potential and over 9% cap rate at market rents. Whether you're an investor seeking a strong-performing asset or someone looking to curate a one-of-a-kind living community, this is a rare chance to own a piece of Venice's unique lifestyle. Don't miss this exceptional opportunity in one of Los Angeles' most coveted neighborhoods! Read Less
Listing Snapshot
Days Online
75
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,101
Lot Size
0.18 Acres
Year Built
1922
MLS Number
24468487
30 Days Snapshot Of 90291
$3,137k
+36%
(avg) sold price
24
+166%
homes sold
108
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1922, Building area total: 3,101, Levels: One, Living area: 3101, 1 story, 6 buildings
Cooling
None
Heating
WallFurnace
Income
Gross income: $171,630, Net operating income: $105,730
Laundry
Stacked
Lot
0.1757 acres, 7,654 square feet, Size: 7,654
Parking
5 open parking spaces, 5 totals parking, SharedDriveway
Property
Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
