Venice, CA 90291,627 San Juan AVE
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Venice, CA 90291,627 San Juan AVE
Venice, CA 90291,627 San Juan AVE
Venice, CA 90291,627 San Juan AVE
Venice, CA 90291,627 San Juan AVE

$2,090,000

Est. payment /mo

$2,200,000

5.0%
Est.Price: ?

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627 San Juan AVE Venice, CA 90291

5,227 Sqft Lot

SOLD DATE : 08/12/2022

Key Details

Sold Price $2,090,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22118955

Sold Date 08/12/22

HOA Y/N No

Year Built 1946

Lot Size 5,227 Sqft

Property Description

Following renovations, this highly coveted Venice income property features two bright and spacious 2-bedroom, 1-bath units on a large 5,209SF lot with ADU potential. Perched behind a high gate just moments from Abbot Kinney you'll find this prime turnkey duplex positioned on a large lot that boasts an undeniable personality and style unique to only that of a high-end Venice property. With many updates, each unit offers hardwood floors, oversized large windows with natural light, and each unit with its own dedicated laundry. The spacious private yard offers ample parking and outdoor living and entertaining space. This duplex is perfect for an owner/user, or as an investment. Live in one unit and rent the other or make use of the huge yard or perhaps even a pool. The upstairs unit will be vacant in July and the downstairs unit will be month-to-month also in July. Each unit is currently rented for $3,850 per month. This investment property offers significant upside. Current net operating income is based on actual rents and new taxes based on purchase amount. Pro-forma for each unit is $4,200/month with the owner paying utilities. Buyer to verify all information.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Interior Features Stone Counters, Unfurnished

Heating Wall Furnace

Cooling None

Flooring Wood

Fireplaces Type Family Room

Fireplace Yes

Appliance Gas Range

Laundry Inside

Exterior

Garage Carport

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Parking Type Carport

Private Pool No

Building

Lot Description 2-5 Units/Acre

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4239024043

Energy Description 1500.0

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash to Loan

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by William Joseph • Joseph Group
Bought with Raphael Barragan • Douglas Elliman

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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