Property listed by Del Rey Urban Brokerage Inc, Consuela Kielbowicz 310-315-7226
$1,515,000
This charming duplex is located on one of the best streets in Venice, an extra-wide, tree-lined street, offering close proximity to Abbot Kinney, Rose Avenue, and some of the trendiest new businesses on Lincoln Blvd. The property is surrounded by lush landscaping, mature fruit trees & it is ready to… Read More be reimagined. It's situated on a beautiful street among multi-million dollar properties. The front unit is a spacious and bright 2-bedroom, 1-bathroom unit with access to the front yard. The attached rear unit is a 1-bedroom, 1-bathroom unit with a separate entrance off the side yard. There's additional outdoor space between the units and the large two-car garage perfect for creating private outdoor space for the back unit or future ADU. Both units feature many original finishes, hardwood floors, and great natural light. The property is primed for a cosmetic upgrade. Please note that the property is currently tenant-occupied. The existing tenants are desirous of being relocated, and the purchase price accounts for Cash for Keys to deliver the property vacant - not many like this. This property can work for an owner-user. Live in one of the units and build an Accessory Dwelling Unit (ADU) above the garage for additional income. Rent control laws apply, and all buyers to do their own due diligence as they relate to any tenant relocations & building requirements. For Investors and Developers, the lot has potential to be transformed into a stunning duplex with the option for a third ADU unit, totaling three units. This is a unique opportunity in a highly desirable location for a savvy investor or owner-user. The property is being sold As-Is, no repairs will be performed & no credits will be given. Inspection reports are available upon request. DO NOT DISTURB TENANTS. Read Less
Listing Snapshot
Days Online
98
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,340
Lot Size
0.1 Acres
Year Built
1950
MLS Number
25559855
30 Days Snapshot Of 90291
$2.07M
-5%
(avg) sold price
12
-45%
homes sold
88
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange, Oven
Building
Built in 1950, Building area total: 1,340, Levels: One, Living area: 1340, 1 story, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Cooling
None
Garage
2 spaces
Heating
WallFurnace
Income
Gross income: $52,368, Net operating income: $96,342
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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