312 Market Street #312 1/2, Venice, CA 90291
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
312 Market Street #312 1/2,Venice (los Angeles), CA 90291
$1,795,000
- 4 Beds
- 2 Baths
- 1,960 sq. ft.
- Single family
- Active
Listed by:armin soleimani
Office:global platinum properties, inc.
MLS#:CL23325833
Source:CA_BRIDGEMLS
Price summary
- Price:$1,795,000
- Price per sq. ft.:$915.82
About this home
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.
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Home facts
- Year built:1938
- Listing ID #:CL23325833
- Added:699 day(s) ago
- Updated:February 08, 2024 at 03:32 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,960 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1938
- Building area:1,960 sq. ft.
- Lot area:0.07 Acres
Finances and disclosures
- Price:$1,795,000
- Price per sq. ft.:$915.82
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