2209 Marian Pl Venice, CA 90291
Active
$1,795,000
2 Units
4 Beds
2 Baths
1,440 Area(sq.ft.)
4,500 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | n/a | $ 6,000 | $ 6,000 |
| Unit 2 | 2 | 2 | 1 | No | n/a | $ 6,000 | $ 6,000 |
| 2 | 3 | 6 | 3 | $ 0 | $ 18,000 | $ 18,000 |
Open House:
Sunday, Nov 24, 2024 from 1:00 PM - 4:00 PM
| MLS #: | 24-462793 |
| Days On Market: | 4 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,247 |
| Price per unit: | $ 897,500 |
| Year Built: | 1924 |
Property Details
Welcome to "The Marian Duo", a rare opportunity to own a fully vacant duplex on a tree-lined street in prime Venice. Upon entry, you are introduced to two delightful storybook cottages that offer an ideal balance of style and function. Each unit showcases sunny living and dining areas, enhanced by classic Craftsman built-ins that add a touch of timeless elegance. Oversized eat-in kitchens invite casual dining and entertaining, while full baths and large, airy bedrooms ensure maximum comfort. Outdoor spaces, including covered porches with artificial turf, create a seamless connection to the warm California weather, allowing for effortless indoor-outdoor living. The property features an extra-large 4 car garage with side-by-side parking at the rear, providing ample storage or parking. The garage can potentially be partially converted or fully converted or expanded upon through ADU provisions to create a third unit, Buyer to verify. With the units being fully vacant, 2209 Marian Place offers flexible options for its next owner. Buyers can choose to occupy one of the units and rent the other, capitalizing on Venice's lucrative rental market, or opt to rent both units out at market rates as a long-term investment opportunity. Just moments away from the bustling energy of Abbot Kinney, with its top-tier restaurants, eclectic shopping, and vibrant nightlife along with the Pacific Ocean and Santa Monica which is just a few minutes away. This is a rare find in Venice a property that combines location, charm, and flexibility. Don't miss your chance to own a piece of Venice's vibrant living, whether for personal enjoyment or as a smart real estate investment.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 100% |
| Gross Operating Income: | $ 144,000 |
| Total Annual Expense: | $ 24,000 |
| Net Operating Income: | $ 120,000 |
| Gross Annual Income: | $ 144,000 |
| Cap Rate: | 6.69% |
| Gross Rent Multiplier: | 12.47 |
Structure
| Type of Units: | . |
| Buildings: | 2 |
| Levels: | One |
| Style: | Craftsman |
| View Description: | None |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Garage - 4+ Car |
Interior
| AC/Cooling: | Central |
| Equipment: | Microwave, Refrigerator, Range/Oven, Dishwasher |
| Heating: | Central |
Exterior
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