Property Description

Huge 100k Price Reduction! Excellent Owner-User Duplex (1 vacant) or investment opportunity in the heart of Venice Beach! Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney and moments away from the sand within close distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & 14.9 GRM at market rents for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is moments away from the Beach, all the fine Shopping and dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

Features
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: Decorative
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: Utility Room
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MLS Addon
LARD1.5
4238008027
2,848 Sqft
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Arlington
Arling
Miller
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26/10/2023 16:22:13
Listing courtesy of
Global Platinum Properties, Inc.
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Residential For Sale

312 MarketStreet, Venice, California, 90291

4 Bedrooms
2 Bathrooms (Full)
1,960 Sqft
Visits : 10 in 730 days
$1,795,000
Listing ID #23325833
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Single Family Residence
Price : $1,795,000
Price Per Square Foot : $916
Square Footage : 1,960 Sqft
Lot Area : 0.07 Sqft
Year Built : 1938
View : Mountain(s)
Bedrooms : 4
Bathrooms : 2
Bathrooms (Full) : 2
Listing ID : 23325833
Agent info
Rina Maya
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