$1,940,000
$2,400,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
6,202 Sqft Lot
SOLD DATE : 06/01/2022
Key Details
Sold Price $1,940,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22121647
Sold Date 06/01/22
HOA Y/N No
Year Built 1948
Lot Size 6,202 Sqft
Property Description
Unique 3 unit Income property! Beautiful beach bungalows in the heart of Venice. This high-demand LARD 1.5 zoning, 6200 sq ft larger lot is within walking distance to the ocean & surf, Abbot Kinney, canals, and all nearby shops & restaurants. These adorable, refurbished units sit on a classic tree-lined street with an opportunity for own/live/manage. All appliances, hardwood floors, all plumbing have recently been re-piped with access, beautiful green private patios, and cozy outside seating. Grounds are entirely secure & gated. Common laundry room, enclosed patios, Possible ADU for garage conversion, extremely wide setbacks, & gate enhancing privacy. 1704 Washington Way next door can be sold concurrently (12,407 combined lot size), great for future expansion and development. The owner had an Architect inform that 15-16 units could be built on both lots combined. At current rental income, the property has a 4.8 CAP with upside potential. Matterport virtual model will be available shortly. Photos are of both 1704 and 1708 units.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Cooling None
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Dishwasher
Laundry Common Area
Exterior
Parking Features None
Community Features Gated
Building
Story 1
Foundation Slab
Sewer Other
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 4228003002
Security Features Gated Community
Special Listing Condition Standard
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