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