Amazing Spanish duplex with permitted bonus structure is perfect for an investor or owner occupant. Zoned LARD1.5 on ~5, 225 square foot lot is perfect for future development and/or expansion. This classic duplex is positioned with a front 2+1 detached bungalow, permitted detached bonus room, 1+1 detached bungalow at the rear of the property as well as detached 1 car garage with permitted bonus room attached to the garage. Driveway access off the alley and front of the property and a total of 4 structures creates limitless opportunities. Recent improvements include new copper plumbing, sewer line, water heaters and upgraded owners unit. The front 2+1 unit and detached bonus structure, and garage will be delivered vacant. GRM, Cap rate is based on Scheduled annual rents, current expenses and new estimated taxes. Property is located in the high-demand rental market of \Venice AKA Silicon Beach\ and close to Venice Beach, Abbot Kinney, Venice Pier, Marina Del Rey, Main Street and Google.
- Price per Sqft: $1264
- Year Built: 1924
- Stories: 1
- Lot Size: 5,225 SqFt
- Parking Type: Driveway, Covered Parking, Garage, Off Site, Garage - Single Door
- Other Appliances: Garbage Disposal, Freezer, Refrigerator
- Roof: Asphalt
- Total Floors in Building: 1
- Cooling System: None
- Gas: 1
- County: Los Angeles
- Area: C11 - Venice
Directions: West of Lincoln, East of 7th Avenue, South of Rose, North of California
Listing courtesy of Coldwell Banker Residential Br
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.