712 Vernon Avenue , Venice, CA - 90291 is For Sale

  • TR24207225
  • TR24207225
  • TR24207225
  • TR24207225
  • TR24207225
  • TR24207225
  • TR24207225
$1,790,000· Income property

Description

The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on both structures. Complementing the property's income production, walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, trendy coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale make 712-716 Vernon a worthwhile investment.

Features

MLS#: TR24207225
List Price : $1,790,000
Total Units : 3
Net Operating Income : $96,032
Sq M : 502 M2
Year Built : 1927
Days on market : 36 Days
Gross taxes : N/A
Address : 712 Vernon Avenue
City : Venice
State : CA
Zip Code : 90291
Neighborhood : N/A
Stories : 1
Laundry : None
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,790,000
Acres : 0.124
Lot Size (Acres) : 0.124
Water : Public
Sewer : Public Sewer
Pool Desc : None
Utilities : Electricity Connected, Natural Gas Connected, Sewer Connected
Flooring : Laminate
Driving Directions : South of Rose, West of Lincoln
Lot Features : 0-1 Unit/Acre
 
Courtesy of : Sanne Lee , A + Realty & Mortgage

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