340 Rennie Ave Venice, CA 90291
Active
$2,579,000
3 Units
5 Beds
5 Baths
2,283 Area(sq.ft.)
6,361 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1.50 | No | n/a | n/a | $ 5,000 |
| Unit 2 | 2 | 3 | 1.50 | No | $ 6,750 | $ 6,750 | $ 7,000 |
| Unit 3 | 3 | 1 | 1 | No | n/a | n/a | $ 2,200 |
| 3 | 6 | 10 | 9 | $ 13,500 | $ 13,500 | $ 25,600 |
| MLS #: | 24-464397 |
| Days On Market: | 0 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,130 |
| Price per unit: | $ 859,667 |
| Year Built: | 1905 |
Property Details
Welcome to 340 Rennie Avenue in the vibrant Venice, CA a standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, one-bathroom layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room. Nestled at the back is a cozy studio unit, providing a tranquil escape within your personal oasis. Perfectly situated in Venice's coveted Rose corridor, this residence enjoys close proximity to Abbot Kinney, Venice Beach, and Main Street, granting residents easy access to the vibrant local lifestyle and amenities. Explore trendy boutiques, acclaimed dining spots, and the iconic Venice Beach boardwalk, all just a stone's throw away. Whether you envision residing in one unit while generating income from the others or seek a lucrative investment opportunity with promising rental returns, 340 Rennie Avenue delivers a harmonious blend of prime location, versatile living spaces, and great potential. Embrace the chance to own a slice of Venice's sought-after real estate market. Contact us today to schedule a viewing and seize this exciting prospect for lucrative rental income. Middle unit is occupied and can be shown after an accepted offer .Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 6,750 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Gross Annual Income: | $ 6,750 |
| Gross Rent Multiplier: | 3.10 |
Structure
| Type of Units: | Income |
| Buildings: | 3 |
| Levels: | One |
| Security Features: | Card/Code Access |
| View Description: | None |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | Central |
| Equipment: | Gas Dryer Hookup, Garbage Disposal, Freezer, Dishwasher, Microwave, Hood Fan, Washer |
| Heating: | Central |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
