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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,795,000

Est. payment - /mo

5,858 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25215931

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1950

Lot Size 5,858 Sqft

Property Sub-Type Mixed Use

Property Description

This property is located along Venice Blvd and features 5 units including a large 2 bedroom/1 bath owners unit with private patio. All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc. Several units include patio's or balconies. Added value with below market rents make this investment very attractive. Increase revenue by leasing out the garage spaces and increasing the rents. Also, there is an on-site laundry room for tenants to use. This property has an ideal location in the heart of Silicon Beach's “Tech Hub” with close proximity to major employers (Snap Inc., Google, System1, Headspace, and more. Less than a mile away from the famous Venice Beach & Boardwalk and in close proximity to other well-known surrounding amenities and locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier. The submarket median home values are expected to increase by approximately 12% in the next 5 years. Adjacent to Culver City, Marina Del Rey, and Santa Monica. Easy access to public transportation and near the 10 and 405 Freeways. This property is only 7 miles away from Los Angeles Airport (LAX) and 2.5 miles away from Santa Monica Airport. In addition, the subject property is 4.5 miles away from West Los Angeles College (WLAC) and 8 miles away from UCLA.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAR4

Interior

Interior Features Ceiling Fan(s), Recessed Lighting

Heating Wall Furnace

Cooling None

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Freezer, Gas Cooktop, Disposal, Gas Range, Refrigerator, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, See Remarks

Exterior

Parking Features Assigned, Asphalt, Concrete, Covered, Driveway Level, Door-Single, Garage, Garage Faces Rear, On Street

Garage Spaces 4.0

Garage Description 4.0

Fence Excellent Condition, Privacy, Stucco Wall, Wood, Wrought Iron

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Flat,Tar/Gravel

Accessibility See Remarks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Drip Irrigation/Bubblers, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level, Walkstreet

Story 2

Entry Level One,Two

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Architectural Style Traditional

Level or Stories One, Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4236006006

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit

Special Listing Condition Standard

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Listed by Eric Eide RE/MAX MASTERS REALTY 714-785-2557

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2403 Louella AVE Venice, CA 90291