245 7TH Avenue

    Venice, CA 90291
    • $1,895,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 20543056
    UPDATED: 68 min ago
    $1,895,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    Vintage Venice Spanish Bungalow Court. This duplex is being sold along with the adjacent duplex/lot resulting in four (4) detached 2 bed/1 ba bungalows each with French doors opening onto private decks and yards. A tropical oasis in the heart of Venice. Walk or bike to the beach, Abbot Kinney, Whole Foods and a variety of shops and restaurants along Rose Ave. and Main St. One block to the Santa Monica border just South of Ozone Park offers the best of both locations. A 6 car garage structure spanning both parcels provides a combined additional income of $2,450 mo. with one oversized garage opening up through french doors onto a private side yard (currently rents for $1,500 per month) making for a great home office. Owner occupy, and/or rent out for great income. Develop the two lots separately or as one large project. This property offering consists of one lot 4240-001-032 to be purchased with the adjacent lot 4240-001-032. Total consideration for both properties is $3,790,000.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. 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/102272957

    245 7TH Avenue Venice, CA 90291

    • Price: $1,895,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 20543056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Vintage Venice Spanish Bungalow Court. This duplex is being sold along with the adjacent duplex/lot resulting in four (4) detached 2 bed/1 ba bungalows each with French doors opening onto private decks and yards. A tropical oasis in the heart of Venice. Walk or bike to the beach, Abbot Kinney, Whole Foods and a variety of shops and restaurants along Rose Ave. and Main St. One block to the Santa Monica border just South of Ozone Park offers the best of both locations. A 6 car garage structure spanning both parcels provides a combined additional income of $2,450 mo. with one oversized garage opening up through french doors onto a private side yard (currently rents for $1,500 per month) making for a great home office. Owner occupy, and/or rent out for great income. Develop the two lots separately or as one large project. This property offering consists of one lot 4240-001-032 to be purchased with the adjacent lot 4240-001-032. Total consideration for both properties is $3,790,000.
    Exterior Features

    Parking Features Garage - Three Door Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Gross Income 91572.00 Gross Multiplier 20.70 Gross Operating Income 91572.00 Insurance Expense 1145.00 Maintenance Expense 4062.00 Net Operating Income 77643.00 Other Expense 136.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0.00 Zoning Lard2

    Listing provided courtesy of Brian O'neill of Real Estate Ebroker Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. 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
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    Carlsbad CA, 92009