Venice, CA 90291,728 Vernon AVE
Venice, CA 90291,728 Vernon AVE
Venice, CA 90291,728 Vernon AVE
Venice, CA 90291,728 Vernon AVE
Venice, CA 90291,728 Vernon AVE
Venice, CA 90291,728 Vernon AVE
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$2,600,000

$2,899,000

10.3%
Est.Price: ?

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Est. payment /mo

4,800 Sqft Lot


SOLD DATE : 06/26/2024

Key Details

Sold Price $2,600,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24075666

Sold Date 06/26/24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1952

Lot Size 4,800 Sqft

Property Description

VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. ALL UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Interior Features Furnished, Quartz Counters, Recessed Lighting

Heating Central

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer

Exterior

Garage Spaces 3.0

Garage Description 3.0

Fence Privacy, Wood

Pool None

Community Features Curbs, Sidewalks, Urban

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt,Shingle

Accessibility None

Total Parking Spaces 3

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style See Remarks

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4239004007

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Salar Farshchi Tabrizi • Equity Union • 919-702-6650
Bought with Salar Farshchi Tabrizi • Equity Union
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