Active

728 Vernon AVE

VENICE CA, 90291

$2,899,000


$1,048.08 per sqft

Active

5 Beds

2,766 sqft

Residential

Built in 1952

VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 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; New plumbing, new electrical, new HVAC, new doors & 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 & 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. Alternatively, 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 NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!

SR24075666MR

MLS ID

April 15, 2024

Listed

April 23, 2024

Updated

Map

728 Vernon AVE
VENICE CA, 90291

Interior Features

Total Stories

2


Bedrooms

5 Beds


Appliances

Dishwasher, Dryer, Dryer Included, Microwave, Refrigerator, Washer, Washer Included


Laundry Description

Dryer, Dryer Included, Washer, Washer Included


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central, Wall/Window Unit(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Asphalt, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Venice


Days on Market

6


Garage

Yes


Garage Spaces

3


Parking Total

3


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LARD1.5

Listed by Salar Farshchi Tabrizi with Equity Union
Listing Contact: 919-702-6650 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Wolf Luxury Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/23/2024

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