421 Grand blvd, Venice, CA 90291
Active
$1,375,000
3 Units
5 Beds
5 Baths
2,590 Area(sq.ft.)
Lot: 2,701 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 2 | No | $ 5,400 | $ 5,400 | $ 10,800 |
| Unit 2 | 1 | 1 | 1 | No | n/a | n/a | $ 2,900 |
| 3 | 5 | 5 | $ 10,800 | $ 10,800 | $ 24,500 |
| MLS #: | 25544167 |
| Days On Market: | 252 |
| Listing Date: | May 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 531 |
| Price per unit: | $ 458,333 |
| Year Built: | 1923 |
Property Details
Income Property! Adjacent 2,700 sqft lot may be available as well to keep as Cottage units, or to possibly build a compound, inquire within. Currently configured as (2) 2 bed/2 bath Two-Story Cottages plus separate Two-Story ADU, unpermitted, each Cottage is ~ 1095 sqft, ADU is ~ 400 sqft, 30' x 90' Lot. Potential to meet the code requirements to complete the project with alterations or convert back to (2) 1b/1b Cottages with attic spaces plus garage or bonus structure, with buyer's investigation/permit approval from the City, buyer to conduct due diligence. 1 Cottage is occupied with tenants. Incredible location - Just 2.5 Blocks From The Beach! and 1.5 Blocks From Abbott Kinney! The Bohemian-chic Abbot Kinney neighborhood offers world-class dining, shopping, entertainment, and a vibrant art & music scene, against a postcard backdrop of lush palm trees, sandy beaches, sailboats, and sunsets. As-built construction was not permit approved. Buildable square footage to be determined by buyer's investigation/permit approval. Comparable sized lots in the neighborhood & same Zone LARD1.5; 404 Linnie Canal: 2,849 sqft Lot, "has been issued LA City Coastal Commission permits for a 3,551 square foot home, plus garage and 732 square foot roof deck with a permitted pool/spa". 421 Carroll Canal: 2,400 sqft Lot, "Building Permits are ready to go for a 3,473 SF state-of-the-art, tri-level single family home".Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 64,800 |
| Total Annual Expense: | $ 1,200 |
| Net Operating Income: | $ 63,600 |
| Gross Annual Income: | $ 64,800 |
| Gross Rent Multiplier: | 21.00 |
| Actual Gross Rent: | $ 64,800 |
| Actual Gross Income: | $ 64,800 |
| Actual Rent Total: | $ 5,400 |
Structure
| Amenities: | None |
| Type of Units: | Cottages |
| Buildings: | 3 |
| Levels: | Two |
| Style: | Cottage |
| View Description: | None |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | None |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer |
| Heating: | Electric |
| Fireplace Rooms: | None |
| Laundry: | In Kitchen |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
