$2,510,000
$2,595,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1340 Morningside WAY Venice, CA 90291
10,454 Sqft Lot
Key Details
Sold Price $2,510,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21708616
Sold Date 04/27/21
Construction Status Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1953
Lot Size 10,454 Sqft
Property Description
Premier double lot compound with two bungalows; a rare opportunity with many build and use options. What's your pleasure? Keep as a two-on-a-lot income property: Rehab the front house; live in one and rent the other. Demo and build your dream home on one of the largest lots in Venice? Or maximize profit via a small lot subdivision? The back house has 3 beds + 2 baths, was remodeled and expanded in 2017 and is operated as an Airbnb with monthly rates around 7k. The front house has 2 beds + 1 bath. Each home is about 1,100 SF. Front house will be delivered vacant and back house can be as well, or use as rental income while you're designing/city planning your new home. Take advantage of current record low interest rates and also access to great construction financing in mid 4s! Seller could be willing to JV. Lots of flexibility and a rare opportunity in a great family-friendly Venice neighborhood. SFR renderings are conceptual only.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR1-V2
Rooms
Other Rooms Guest House
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Microwave, Refrigerator
Laundry In Garage
Exterior
Garage Concrete
Garage Spaces 2.0
Garage Description 2.0
Pool None
View Y/N No
View None
Parking Type Concrete
Total Parking Spaces 2
Private Pool No
Building
Faces North
Story 1
Entry Level One
Level or Stories One
Additional Building Guest House
Construction Status Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 4244020029
Special Listing Condition Notice Of Default
Lease Land No
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Bought with Eric Hartnack • Coldwell Banker Realty