712 -714-716 Vernon AVE Venice, CA 90291
Active
$1,790,000
3 Units
4 Beds
3 Baths
1,512 Area(sq.ft.)
5,402 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,500 | $ 2,500 | $ 2,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,500 | $ 2,500 | $ 2,800 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,400 | $ 3,400 | $ 3,600 |
| 3 | 3 | 4 | 3 | $ 8,400 | $ 8,400 | $ 9,200 |
| MLS #: | TR24207225MR |
| Days On Market: | 46 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,184 |
| Price per unit: | $ 596,667 |
| Year Built: | 1927 |
Property Details
The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on both structures. Complementing the property's income production, walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, trendy coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale make 712-716 Vernon a worthwhile investment.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 4,768 |
| Net Operating Income: | $ 96,032 |
Structure
| Community Features: | Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
Interior
| Laundry: | None |
Exterior
| Pool: | No |
Detailed Map
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