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728 Vernon AVE Venice, CA 90291
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Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24075666
Sold Date 06/26/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1952
Lot Size 4,800 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Furnished, Quartz Counters, Recessed Lighting
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Exterior
Garage Spaces 3.0
Garage Description 3.0
Fence Privacy, Wood
Pool None
Community Features Curbs, Sidewalks, Urban
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asphalt,Shingle
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4239004007
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Salar Farshchi Tabrizi • Equity Union