718 720 Hampton Drive, Venice, CA 90291 (MLS # 24349145)
INCREDIBLE OPPORTUNITY - RARE 5,800+ sqft DOUBLE LOT w/ TWO CHARMING BUNGALOW RESIDENCES - COMMERCIAL ZONING w/ 6 PARKING SPACES. This creative compound in the heart of Venice, just behind Abbot Kinney and a short stroll to Venice Beach, offers endless possibilities. The property features two side-by-side homes transformed into a collective creative haven, emphasizing indoor/outdoor living. With completely private outdoor spaces for each bungalow, the flexibility allows for various uses, such as a live/work retreat, living in one property while renting the other for passive income, or renting both for the ultimate investment opportunity. Ideal for qualified SBA owner-users, the property may offer the chance to assume the current owner's second trust deed at low-interest rates (estimated around 2% below current rates, based on qualification requirements). About the homes: Located on two contiguous lots with six parking spaces, these detached properties are surrounded by lush greenery and fruit trees, embodying SoCal vibes. The first bungalow, filled with natural light, features a kitchen with stainless steel appliances, ample storage, beautiful hardwood floors, and an open spacious floor plan. The second bungalow boasts exposed beam ceilings and an open, flexible floorplan, both equipped with air conditioning. Currently set up as an office space, the potential for a think tank or a blank canvas for your vision and designer's eye is evident. You'll Love: Cohesively integrated, this property is a rare find West of Lincoln. Situated on a corner lot with a secure perimeter fence, it's conveniently located near Google, tech companies, restaurants, shops, gyms, and creative studios. The Neighborhood: With Abbot Kinney and the Rose Corridor at your doorstep, this property provides easy access to some of the best restaurants, coffee shops, boutiques, and more in Los Angeles. Bike to the beach, explore the Venice Canals, or stroll to Main Street. This unique offering stands out in the market - don't miss out!
Property Type(s):
Residential Income
|
Last Updated
|
2/9/2024
|
Year Built
|
1953
|
|
Community
|
Venice
|
County
|
Los Angeles
|
SCHOOLS
| School District |
Los Angeles Unified |
Price History
|
Prior to Feb 9, '24
|
$3,575,000 |
| Feb 9, '24 - Today |
$3,495,000 |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Range, Refrigerator |
| AREA |
Venice |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| GARAGE |
Assigned, Side by Side, Uncovered |
| HEAT |
Central |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
5875 sq ft |
| LOT DESCRIPTION |
Landscaped |
| PARKING |
Assigned,Side By Side,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| ZONING |
LAC2 |
Location
Listed with Pardee Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/24 10:52 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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