Property listed by KW Advisors, Vanessa Van Overmeer 310-482-2200
$2,900,000
**Charming Triplex with Unmatched Investment Potential Near Venice Beach** Discover an exceptional investment opportunity with this historic triplex, perfectly positioned steps from the stunning shoreline of Venice Beach. Ideally situated near world-class shopping, iconic Abbot Kinney Boulevard, and top-tier dining, this property places you in the heart of the… Read More vibrant Venice Beach community. Whether you envision developing luxury condos, creating your dream owner-occupied residence, or capitalizing on its rental income potential, this triplex invites you to embrace the quintessential California beach lifestyle. Two of the three units will be delivered vacant by February and the other unit is month-to-month, giving you the freedom to customize or maximize rental potential immediately. Highlighting its appeal is the highly coveted LAR3 zoning and three distinct addresses (31, 33, & 33.5), offering unmatched flexibility for future development, owner-occupancy, or maintaining it as a steady income property. The property's layout includes two charming 1-bedroom, 1-bathroom units on the ground floor and a spacious 2-bedroom, 2-bathroom unit on the upper level, which features exclusive access to a breathtaking 360-degree view roof deck perfect for soaking in panoramic views of the Pacific Ocean and Venice Beach. Residents also enjoy a shared open-air patio tucked behind the building, ideal for outdoor relaxation. Convenience meets functionality with three dedicated one-car garages, accessible via an alley behind the property for seamless entry and parking. Additional amenities include: stainless steel appliances, newer water heaters, shared laundry facilities, secure code-key gates. Don't miss your chance to own this one-of-a-kind property and unlock its unlimited potential! (Also listed as separate TIC sales) Read Less
Listing Snapshot
Days Online
47
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,968
Lot Size
0.06 Acres
Year Built
1938
MLS Number
25478459
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
Building
Built in 1938, Building area total: 1,968, Levels: Two, Living area: 1968, 2 stories, 1 building
Expenses
Gardener expense: $1,200, Insurance expense: $1,600, Maintenance expense: $10,000, New taxes expense: $9,200, Water sewer expense: $1,500
Floors
Wood
Heating
Central
Income
Gross income: $124,200, Net operating income: $128,300
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.0606 acres, 2,641 square feet, Size: 2,641
Parking
DoorMulti, Garage
Property
Zoning: LAR3
Security Features
KeyCardEntry
Tenant Pays
CableTv, Electricity, Gas
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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.
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