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Key Details
Sold Price $2,384,300
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,424 sqft
Price per Sqft $983
MLS Listing ID 23309587
Sold Date 10/11/23
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2007
Lot Size 2,700 Sqft
Property Description
This striking Silver Triangle modern presents a rare investment opportunity for those seeking to enter the highly competitive Venice Beach real estate market. Located directly behind the famed Venice Canals and a block to the beach, this property is ideally situated for both resident-owners and renters alike. Morning surf runs are a breeze and sunset strolls along the canals wind into evening bliss out on Abbot Kinney- or just basking in the rooftop mountain views. Long term rental estimates for this duplex are $7850 for upstairs and $4500 for downstairs. Pivoting to short, or medium term, furnished rentals offers a even greater explosive opportunity for cash flow. The upper unit is perfect for an owner/user, and features 3 spacious bedrooms and 2 full bathrooms, along with the aforementioned epic roof deck for outdoor entertaining. This private roof deck includes a built-in BBQ and ample lounging areas with beautiful mountain and city views. Inside the upper unit, modern amenities abound, including a tankless gas hot water heater, central HVAC, and a built-in speaker system. The kitchen is truly remarkable, featuring Viking appliances and granite counters. Hardwood floors are found throughout both units. Garage parking is shared with the ability to park 4 cars, a rarity for this neighborhood. Flexibility is key- each unit has a dedicated washer and dryer- in unit for upstairs and in the garage for downstairs. With its prime location and strong rental income, this property has the potential to generate long-term cash flow and appreciation. Looking for a deal? The owner will consider carrying a mortgage for 5 years @ 5% interest with 50% down! Whether you're an investor seeking a steady stream of AAA+ rental income or an owner-occupant looking to live the dream at the beach while generating income, this duplex is bringing the dream into reality.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s), Separate/Formal Dining Room, Walk-In Closet(s)
Heating Combination, Central
Cooling Central Air
Flooring Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Laundry Closet, In Garage
Exterior
Pool None
Community Features Gated
View Y/N Yes
View Mountain(s)
Porch Covered, Rooftop
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Multi/Split
Foundation Slab
Water Public
Architectural Style Modern
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4227013020
Security Features Gated Community
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
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Bought with Gabriel Crouch • Gabriel Crouch
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935