Description
Huge 300k Price Reduction! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon 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 within walking 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 5.5% & GRM of 14.1 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & 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 steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.
Location
Similar Listings
$650,000,000
ACTIVE
MLS# 190052903MR
$195,000,000
16
22
25,025 Sq ft
ACTIVE
MLS# 22-151323
$155,000,000
14
27
56,500 Sq ft
ACTIVE
MLS# 23-231909
$98,500,000
6
7
15,000 Sq ft
ACTIVE
MLS# 22-151423
$87,000,000
8
14
21,800 Sq ft
ACTIVE
MLS# 21-101899
$85,000,000
11
16
27,150 Sq ft
ACTIVE
MLS# 21-791862
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th June, 2023 3:19 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th June, 2023 3:19 PM (UTC)
Listing Agent: Armin Soleimani
Listing Office: Global Platinum Properties, Inc.
