577 Venice Blvd Venice, CA 90291
Active
$1,549,500
9%
2 Units
3 Beds
3 Baths
1,510 Area(sq.ft.)
4,400 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 7,000 | $ 7,000 | $ 7,500 |
| Unit 2 | 2 | 1 | 1 | No | n/a | n/a | $ 4,500 |
| 2 | 3 | 4 | 4 | $ 7,000 | $ 7,000 | $ 16,500 |
| MLS #: | 24-438303 |
| Days On Market: | 27 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,026 |
| Price per unit: | $ 774,750 |
| Year Built: | 1953 |
Property Details
An exceptional investment opportunity with this incredible duplex in the heart of Venice! With R3 zoning, there may be possibility to expand to a triplex by converting the spacious garage. Ideally situated just minutes from Venice Beach, the canals, Rose Ave, and Abbot Kinney Boulevard, this property boasts excellent walkability and quick access to Silicon Beach and major freeways. Don't miss your chance to invest in one of LA's most desirable neighborhoods!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 144,000 |
| Total Annual Expense: | $ 3,071 |
| Net Operating Income: | $ 140,929 |
| Gross Annual Income: | $ 144,000 |
| Cap Rate: | 7% |
| Gross Rent Multiplier: | 11.77 |
Structure
| Type of Units: | Duplex |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Driveway, Garage Is Attached |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Ceiling Fan, Refrigerator |
| Heating: | Wall |
Exterior
Detailed Map
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