$1,940,000
$2,400,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
1704 WASHINGTON WAY Venice, CA 90291
6,202 Sqft Lot
Key Details
Sold Price $1,940,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22121647
Sold Date 06/01/22
HOA Y/N No
Year Built 1948
Lot Size 6,202 Sqft
Property Description
Unique 3 unit Income property! Beautiful beach bungalows in the heart of Venice. This high-demand LARD 1.5 zoning, 6200 sq ft larger lot is within walking distance to the ocean & surf, Abbot Kinney, canals, and all nearby shops & restaurants. These adorable, refurbished units sit on a classic tree-lined street with an opportunity for own/live/manage. All appliances, hardwood floors, all plumbing have recently been re-piped with access, beautiful green private patios, and cozy outside seating. Grounds are entirely secure & gated. Common laundry room, enclosed patios, Possible ADU for garage conversion, extremely wide setbacks, & gate enhancing privacy. 1704 Washington Way next door can be sold concurrently (12,407 combined lot size), great for future expansion and development. The owner had an Architect inform that 15-16 units could be built on both lots combined. At current rental income, the property has a 4.8 CAP with upside potential. Matterport virtual model will be available shortly. Photos are of both 1704 and 1708 units.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Cooling None
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Dishwasher
Laundry Common Area
Exterior
Garage None
Community Features Gated
Parking Type None
Building
Story 1
Foundation Slab
Sewer Other
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 4228003002
Security Features Gated Community
Special Listing Condition Standard
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Bought with Lauren Narozniak • Pardee Properties