$2,899,000
728 Vernon Avenue, Venice 90291
5
Beds
4
Baths
4,802
Lot Size
4
# Of Units
Listing Agent
Salar Farshchi Tabrizi - Equity UnionVACANT 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!
Facts & Features
MLS® # | SR24075666 |
---|---|
Price | $2,899,000 |
Bedrooms | 5 |
Bathrooms | 4.00 |
Lot Size | 4,802 |
Year Built | 1952 |
Type | Residential Income |
Sub-Type | Quadruplex |
Style | Other |
Status | Active |
# Of Units | 4 |
Community Information
Address | 728 Vernon Avenue |
---|---|
Area | C11 - Venice |
City | Venice |
County | Los Angeles |
Zip Code | 90291 |
Amenities
Utilities | Electricity Connected, Sewer Connected, Water Connected |
---|---|
Parking Spaces | 3 |
# of Garages | 3 |
View | None |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Interior | Vinyl |
---|---|
Interior Features | Furnished, Quartz Counters, Recessed Lighting |
Appliances | Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer |
Heating | Central |
Cooling | Central Air, Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
Fireplaces | None |
# of Stories | 2 |
Stories | Two |
Exterior
Exterior | Drywall |
---|---|
Lot Description | Rectangular Lot |
Windows | Double Pane Windows |
Roof | Asphalt, Shingle |
Construction | Drywall |
Foundation | Slab |
Additional Information
Date Listed | April 15th, 2024 |
---|---|
Days on Market | 14 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Salar Farshchi Tabrizi |
---|---|
Office | Equity Union |