$2,090,000
$2,200,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
627 San Juan AVE Venice, CA 90291
5,227 Sqft Lot
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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Bought with Raphael Barragan • Douglas Elliman