$2,899,000 Price Analysis   ♡   Venice, CA 90291 5 bed 4 bath 2,766 SqFt ($1048/SqFt) 4,802SqFt lot. Built 1952 Listed 2024-04-17, Taxes $28,657 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California
* Has Contingent Offer *One of the highest-demand rental markets in the country. The front unit is a 2 bedroom and 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; Contemporary plumbing, new electrical, new HVAC, new doors and windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options.
Back units being fully remodeled, having both front and back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternativly, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose and everything else Venice has to offer. ALL UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A CONTEMPORARY SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!
Presented by Salar Farshchi Tabrizi at
Equity Union.
Property MLS #SR24075666 from CRMLS
Quartz Counters
Recessed Lighting
Flooring: Vinyl
Window Features: Double Pane Windows
Appliances YN: Yes
Laundry Features: Dryer Included, Washer Included
Heating Features: Central
Heating: Yes
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1102388
Lot Size Source: Assessor
Lot Size Square Feet: 4802
Parking Total: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
County: Los Angeles
Source Property Type: Residential Income
Area: C11 - Venice
Source Neighborhood: C11 - Venice
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 4239004007
Postal Code Plus 4: 2739
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $360,698 + $2,061,134 $2,421,832 | $28,657 |
| 2021 | $353,626 + $2,020,720 $2,374,346 | $28,360 |
| 2020 | $350,000 + $2,000,000 $2,350,000 | $28,606 |
| 2019 | $175,664 + $281,067 $456,731 | $5,766 |
| 2018 | $172,220 + $275,556 $447,776 | $5,700 |
| 2017 | $168,844 + $270,153 $438,997 | $5,582 |
| 2016 | $165,534 + $264,856 $430,390 | $5,433 |
| 2015 | $163,048 + $260,878 $423,926 | $5,357 |
| 2014 | $159,855 + $255,768 $415,623 | $5,400 |
| 2013 | $159,133 + $254,613 $413,746 | $5,395 |
| 2012 | $156,013 + $249,621 $405,634 | $5,466 |
| 2010 | $152,954 + $244,727 $397,681 | $5,366 |
| 2009 | $152,172 + $243,476 $395,648 | $5,168 |
| 2009 | $151,811 + $242,898 $394,709 | $5,168 |
| 2008 | $149,189 + $238,702 $387,891 | $4,955 |
| 2007 | $146,264 + $234,022 $380,286 | $4,789 |
$2,899,000
CRMLS
Sold 2019-08-15
$2,350,000
TheMLSCLAW
Listing removed 2019-06-21
$0
TheMLSCLAW
Listed 2019-05-20
$2,250,000
TheMLSCLAW
Listing removed 2019-02-26
$1,650,000
TheMLSCLAW
Sold 2019-02-25
$1,500,000
TheMLSCLAW
Listed 2018-12-01
$1,650,000
TheMLSCLAW
Sold 1999-04-09
$325,000
Public Record
Listing removed 1999-02-23
$349,000
ITECH
Listed 1998-07-22
$349,000
ITECH
Year Built: 1952
Building Features: 2
Common Walls: No Common Walls
Construction Materials: Drywall Walls
Entry Location: Street
Foundation Details: Slab
Property Age: 72
Property Condition: Updated/Remodeled
Roof: Asphalt, Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Public Records
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.