728 Vernon Avenue, Venice, CA 90291 (MLS # SR24075666)
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!
Property Type(s):
Residential Income
|
Last Updated
|
4/16/2024
|
Year Built
|
1952
|
|
Community
|
Venice
|
Garage Spaces
|
3.0
|
|
County
|
Los Angeles
|
Additional Details
| AIR |
Central Air, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Gas Range, Microwave, Range Hood, Refrigerator, Washer, Water Heater |
| AREA |
Venice |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| CONSTRUCTION |
Drywall |
| GARAGE |
Yes |
| HEAT |
Central |
| HOA DUES |
0 |
| INTERIOR |
Furnished, Quartz Counters, Recessed Lighting |
| LOT |
4802 sq ft |
| LOT DESCRIPTION |
Rectangular Lot |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Other |
| UTILITIES |
Electricity Connected,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LARD1.5 |
Location
Listed with Equity Union
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 4/29/24 11:53 PM 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
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