31 S Venice Blvd Venice, CA 90291
Sale
$2,850,000
3 Units
4 Beds
4 Baths
1,968 Area(sq.ft.)
2,641 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 3,500 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 3,500 |
| Unit 3 | 1 | 2 | 2 | No | $ 4,350 | $ 4,350 | $ 6,000 |
| 3 | 3 | 4 | 4 | $ 4,350 | $ 4,350 | $ 13,000 |
| MLS #: | 24-350423 |
| Days On Market: | 77 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,448 |
| Price per unit: | $ 950,000 |
| Year Built: | 1938 |
Property Details
This triplex, with a rich history as an investment property, presents an incredible opportunity for real estate buyers and investors. Two of the three units will be delivered VACANT! Situated just steps away from the breathtaking shoreline, this vintage gem offers unrivaled views of the Pacific Ocean and Venice Beach from its impressive roof deck. One of the standout features of this lot is its highly valuable LAR3 zoning and three separate addresses (31, 33, & 33.5 ), opening up a world of possibilities for potential buyers. Whether you envision developing luxurious condos, utilizing it as an owner/user property, or simply maintaining it as an income-producing investment, the choice is yours. Its well-designed layout consists of two charming 1BR/1BA units, both located on the ground floor, and a spacious 2BR/2BA unit with exclusive access to the 360-degree view roof deck (refer to floor plan pics for a closer look at the layouts of all three units). All residents can enjoy the shared open-air patio located behind the building. Each unit also comes with a dedicated one-car garage, and the three-bay garage conveniently opens to the alley behind the building, ensuring easy access and parking. The property boasts several noteworthy amenities, including stainless-steel appliances, newer water heaters, a shared laundry room, and secure code key gates. You'll also appreciate the proximity to the area's finest attractions, including world-class shopping and renowned restaurants along the iconic Abbot Kinney Boulevard. Immerse yourself in the vibrant Venice Beach community and embrace the California dream life.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 0 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 11,350 |
| Gross Rent Multiplier: | 0.00 |
Structure
| Type of Units: | 3 |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | Gated |
| Style: | Traditional |
| View Description: | Ocean |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Garage - 3 Car |
Interior
| AC/Cooling: | Air Conditioning, Wall Unit(s), Central |
| Equipment: | Refrigerator, Washer, Built-Ins, Range/Oven, Dishwasher |
| Heating: | Central, Wall Electric |
| Fireplace Rooms: | None |
| Laundry: | Community |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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