Venice, CA 90291,1340 Morningside WAY

$2,510,000

Est. payment /mo

$2,595,000

3.3%
Est.Price: ?

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1340 Morningside WAY Venice, CA 90291

10,454 Sqft Lot

SOLD DATE : 04/27/2021

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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California Regional MLS (CRMLS)
Listed by Jackie Theis • Power Brokers International
Bought with Eric Hartnack • Coldwell Banker Realty

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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