535 Venice Way Venice, CA 90291
Sale
$1,900,000
2 Units
3 Beds
3 Baths
1,812 Area(sq.ft.)
2,245 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,000 | $ 3,250 | $ 3,250 |
| Unit 2 | 1 | 2 | 1 | No | $ 4,680 | $ 4,680 | $ 4,680 |
| 2 | 2 | 3 | 2 | $ 7,680 | $ 7,930 | $ 7,930 |
| MLS #: | 24-372379 |
| Days On Market: | 16 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,049 |
| Price per unit: | $ 950,000 |
| Year Built: | 1949 |
Property Details
Exquisite and meticulously updated duplex in the heart of Venice, nestled in a sought-after neighborhood surrounded by trendy restaurants, artisanal cafes, and boutique shops along Abbot Kinney. The front unit features a one-bedroom, one-bathroom sanctuary replete with a meticulously renovated kitchen, bathroom, and flooring, all enveloped by a picturesque front yard (current tenant pays $3,000 per month). The rear unit epitomizes luxury living with its expansive two-story layout boasting two bedrooms and two bathrooms, accentuated by a beautiful decorative fireplace and contemporary enhancements throughout, all complemented by an attached two-car garage (current tenant pays $4,680 per month). Experience true Venice Beach living with the opportunity to invest in one of LA's most coveted beach cities. Agents, please refer to private remarks for further details.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 60,600 |
| Total Annual Expense: | $ 25,000 |
| Net Operating Income: | $ 40,000 |
| Gross Annual Income: | $ 60,060 |
| Gross Rent Multiplier: | 4.00 |
Structure
| Type of Units: | two separate |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | None |
| Style: | Architectural |
| View Description: | None |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage - 2 Car |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | Garbage Disposal, Freezer, Dryer, Hood Fan, Ice Maker |
| Heating: | Wall |
Exterior
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