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1704 WASHINGTON Way, VENICE, CA 90291

$2,400,000
0.14 lot
Est payment $12883.72/mo

1 / 54

Multi-Family in Venice

Unique 3 unit Income property! Beautiful beach bungalows in the heart of Venice. This high-demand LARD 1.5 zoning, 6200 sq ft larger lot is within walking distance to the ocean & surf, Abbot Kinney, canals, and all nearby shops & restaurants. These adorable, refurbished units sit on a classic tree-lined street with an opportunity for own/live/manage. All appliances, hardwood floors, all plumbing have recently been re-piped with access, beautiful green private patios, and cozy outside seating. Grounds are entirely secure & gated. Common laundry room, enclosed patios, Possible ADU for garage conversion, extremely wide setbacks, & gate enhancing privacy. 1704 Washington Way next door can be sold concurrently (12,407 combined lot size), great for future expansion and development. The owner had an Architect inform that 15-16 units could be built on both lots combined. At current rental income, the property has a 4.8 CAP with upside potential. Matterport virtual model will be available shortly. Photos are of both 1704 and 1708 units.

Courtesy Of Michael Earley, DRE#00877967, Douglas Elliman of California, Inc.

0.14 Lot

Main Features

Listing Status: For Sale Under Contract
Year Built: 1948
County: LOS ANGELES
Units: 3
Zoning: LARD1.5
MLS Number:22121647

Additional Features

Cooling:
- None
Disclosures:
- RentControl
Flooring:
- Carpet
- Tile
- Wood
Interior Features:
- CeilingFans
Laundry:
- CommonArea
Appliances:
- Dishwasher
Architecture:
- Bungalow
Building Square Feet:
- 2445
Construction:
- Stucco
Garage:
- N
New Construction:
- N
Foundation:
- Slab
Spa:
- Fiberglass
Spa YN:
- true
Carport Spaces:
- 0
Parking:
- None
Sewer:
- Other
Security Features:
- GatedCommunity
Community Features:
- Gated
Number of Buildings:
- 3
Gross Income:
- 129360
Net Operating Income:
- 116460
Special Conditions:
- Standard
Tenant Pays:
- CableTV
- Electricity
- Gas
Annual Trash Expense:
- 600
Co Listing Agent Email:
- benjamin.schick@elliman.com
DOM:
- 63
Insurance Expense:
- 1000
Listing Service:
- FullService
Listing Type:
- ExclusiveRightToSell
Listing Key:
- 1012191282
Office Co List Name:
- Douglas Elliman of California, Inc.
Office Co List Phone:
- 4242817603
Parcel Number:
- 4228003002
Possession:
- CloseOfEscrow
Public Document Count:
- 0
Virtual Tour:
- https://my.matterport.com/show/?m=SitfFmszZmm&mls=1
Water Sewer Exp:
- 1200

Price
Term
Interest Rate

Estimated Monthly Payment: $38,769.95*

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Search Nearby Homes

1704 WASHINGTON Way VENICE, CA 90291

$2,400,000
0.14 lot
Est payment $12883.72/mo