Active
$2,599,000
7%
2 Units
7 Beds
5 Baths
3,522 Area(sq.ft.)
Lot: 3,567 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | No | $ 7,250 | $ 7,250 | $ 7,250 |
| Unit 2 | 1 | 3 | 2.50 | No | $ 7,450 | $ 7,450 | $ 8,113 |
| 2 | 7 | 6 | $ 14,700 | $ 14,700 | $ 15,363 |
| MLS #: | 25500539 |
| Days On Market: | 298 |
| Listing Date: | February 19, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 738 |
| Price per unit: | $ 1,299,500 |
| Year Built: | 1973 |
Property Details
This eye catching duplex faces the south side of the Venice canals and is just one block to the beach. Renovated in 2018, unit A boasts 2000+sqft of living space, consisting of 4 bedrooms and 3 baths. Elegant updates made to the property include a full kitchen remodel, recess lighting throughout, luxury vinyl floors, modern tile bathrooms, vinyl windows and a spacious, maintenance free outdoor courtyard featuring Trex decking. Direct access to beach from the property. Two car parking on site as well as laundry. Unit B has approx 1800sqft of living space, consisting of 3 bedrooms and 2.5 baths with all the same updates as unit A and features the expansive, elegant rooftop deck. *Unit B is currently rented to a tenant who does short term rentals and has divided the 3BR unit into 6 BR's. The pictures in the listing for unit B are from the previous tenant who also did short term rentals and dont accurately reflect the present setup as the current tenant has made the unit look far less presentable than it did with the previous tenant. The pictures are for reference to show what it looks like without this current tenant's set up.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 157,800 |
| Total Annual Expense: | $ 83,184 |
| Net Operating Income: | $ 74,616 |
| Gross Annual Income: | $ 157,800 |
| Gross Rent Multiplier: | 23.70 |
| Actual Gross Rent: | $ 157,800 |
| Actual Rent Total: | $ 157,800 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Smoke Detector |
| Style: | Contemporary |
Land & Parking
| Zoning: | LARW2 |
| Parking Garage: | Gated, Garage Is Attached, Garage - 2 Car |
Interior
| AC/Cooling: | Air Conditioning, Other, Central, Multi/Zone |
| Equipment: | Dishwasher, Dryer, Freezer, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer, Water Line to Refrigerator |
| Heating: | Central, Forced Air |
| Laundry: | Laundry Area |
Exterior
| Roof: | Asphalt, Flat |
Detailed Map
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