217 Venice Way

    Venice, CA 90291
    • $3,500,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 20559418
    UPDATED: 58 min ago
    $3,500,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    217-221 Venice Way is an existing 4-plex in Venice Beach (to be delivered vacant). The property is two blocks from the beach, Venice Boardwalk, Venice Canals, Windward Circle, and walking distance to Abbot Kinney. Advantageous to the buyer, the four 2-bedroom units are currently being rented as short term rentals. On August 22nd, 2019 the property received a notice of intent to issue permit from the Coastal Commission. Notice of Intent to Issue Permit from the California Coastal Commission allows for the following and is contingent upon conditions indicated in the Notice of Intent. (see Notice of Intent to Issue Permit):- Demolition of existing 2 story 4 unit apartment building. - Construction of three separate single family homes on three separate lots at approximately 4,700 sf each with basements (2,770 sf above ground). Gross Income it projected property will be delivered vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/103718587

    217 Venice Way Venice, CA 90291

    • Price: $3,500,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 20559418
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1947
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    217-221 Venice Way is an existing 4-plex in Venice Beach (to be delivered vacant). The property is two blocks from the beach, Venice Boardwalk, Venice Canals, Windward Circle, and walking distance to Abbot Kinney. Advantageous to the buyer, the four 2-bedroom units are currently being rented as short term rentals. On August 22nd, 2019 the property received a notice of intent to issue permit from the Coastal Commission. Notice of Intent to Issue Permit from the California Coastal Commission allows for the following and is contingent upon conditions indicated in the Notice of Intent. (see Notice of Intent to Issue Permit):- Demolition of existing 2 story 4 unit apartment building. - Construction of three separate single family homes on three separate lots at approximately 4,700 sf each with basements (2,770 sf above ground). Gross Income it projected property will be delivered vacant.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Heating Combination Heating YN Yes

    Property Features

    Gross Income 4000.00 Gross Multiplier 18.22 Gross Operating Income 0.00 Net Operating Income 0.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Lard1.5

    Listing provided courtesy of Oliver Fries of Paloma Realty Partners, Inc. and Don Glunts of D.G. Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009