728 Vernon Avenue Venice, CA $ 2,899,000
728 Vernon Avenue
$ 2,899,000
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728 Vernon Avenue

Venice, CA, 90291
$ 2,899,000
Bedrooms5 Baths4.0 Sq 2,766

Monthly Estimate*

$ 20,250

Listed by Equity Union
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Multi-Family Home for sale in Venice, CA

for $2,899,000 with 5 bedrooms and 4 full baths. This 2,766 square foot home was built in 1952 on a lot size of 0.1102.

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!

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Multi-Family Active

Price

$ 2,899,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1102

Year Built

1952

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

SR24075666

Days on Market

14

Features
General
Interior Features Furnished QuartzCounters RecessedLighting
Sewer PublicSewer
Heating Central
Cooling CentralAir WallWindowUnits
Utilities ElectricityConnected SewerConnected WaterConnected
Roof Asphalt Shingle
Appliances Dishwasher GasRange Microwave Refrigerator RangeHood WaterHeater Dryer Washer
Zoning LARD1.5
HOA 0.0
Garage Spaces 3.0
Architectural Style Other
Pool Features None
Construction Materials Drywall
Year Built 1952
Electric Standard
View None
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 149575.0
Community Features Curbs Sidewalks Urban
Accessibility None
County Los Angeles
Net Operating Income 141000.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency DO NOT go direct. DO NOT disturb tenants. Call listing agent Sal Tabrizi @ (310) 554-8555 to schedule a showing and for access.
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Take I-405 S/San Diego Fwy and I-10 W to Olympic Blvd in Santa Monica. Take exit 1B from I-10 W. Take Lincoln Blvd to Vernon Ave.
City Venice
Entry Location Street
View Y/N N
Senior Community Y/N N
Open Parking Spaces 0.0
Total Units 4
MLS Area C11 - Venice
Lot Size Square Feet 4802.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Street Name Vernon
Listing Terms Cash CashtoNewLoan Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 6
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 7
Property Sub Type Additional Quadruplex
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Street Suffix Avenue
Entry Level 0
Electric On Property Y/N N
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Exterior
Fencing Privacy Wood
Lot Features RectangularLot
Water Source Public
Total Parking 3.0
Lot Size Area 4802.0
Foundation Details Slab
Number of Buildings 2
Spa N
Building Area Total 2766.0
Lot Size Acres 0.1102
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 728
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* Excluded Features
List By
Equity Union

Broker

(818) 989-2000

Phone

Affordability Calculator

$20,250
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,250
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2024$2,899,000 Listed Price

Map


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728 Vernon Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $2,899,000 with 2,766 sqft and a lot size of 0.1102. 728 Vernon Avenue has 5 bedrooms, 4.0 baths, and was built in 1952. The property's zip code is 90291 which is in Venice, CA