564 Broadway St Venice, CA 90291
Active
$1,995,000
2 Units
4 Beds
2 Baths
1,112 Area(sq.ft.)
5,004 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 5,000 | $ 5,000 | $ 6,500 |
| Unit 2 | 1 | 2 | 1 | No | $ 4,400 | $ 4,400 | $ 4,500 |
| 2 | 2 | 4 | 2 | $ 9,400 | $ 9,400 | $ 11,000 |
| MLS #: | 24-450919 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,794 |
| Price per unit: | $ 997,500 |
| Year Built: | 1921 |
Property Details
Welcome to this stunning duplex in the heart of Venice Beach, just steps from the sand and surf! This property offers two beautifully designed homes, each with its own private outdoor space, making it perfect for owners and investors alike. Back House (2 Bed, 1 Bath): Recently renovated, this chic 2-bedroom, 1-bath retreat features vaulted ceilings and skylights that flood the space with natural light. The open floor plan creates a seamless flow, and the exquisite landscaping captures the essence of the West Coast lifestyle. Whether you're enjoying the sunny California days indoors or out, this home offers the perfect blend of modern style and beachy tranquility. Front House (1 Bed, 1 Bath + Loft): The cozy front home boasts 1 bedroom, 1 bath, and a versatile loft space that can serve as an office, guest room, or even an extra bedroom. The charming design extends to the outdoor area, providing a serene, private yard for entertaining or relaxation.Property Highlights: Separate yards for each home, ensuring privacy for both units, Large central hardscaped area, perfect for communal gatherings or future development, ample parking with a spacious parking pad, and potential to add another unit for even more rental income or guest space. This duplex is ideal for those looking to invest or live in one of the most coveted neighborhoods in Los Angeles. With its stylish upgrades, outdoor spaces, and proximity to the beach, it's a rare opportunity to own a piece of Venice paradise!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 112,800 |
| Total Annual Expense: | $ 31,940 |
| Net Operating Income: | $ 80,860 |
| Gross Annual Income: | $ 112,800 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 17.69 |
Structure
| Type of Units: | Detached Hom |
| Buildings: | 2 |
| Levels: | One |
| Style: | California Bungalow |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Controlled Entrance, Driveway |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Range/Oven, Refrigerator, Dishwasher, Dryer, Washer |
| Heating: | Wall |
Exterior
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