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728 Vernon Avenue, Venice, CA 90291

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For Sale

$2,899,000

5 beds • 4 baths • 2,766 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $1,048.08
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. ALL UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!
MLS# SR24075666

Courtesy Of Dream Team Real Estate Consultants. Inc

(818) 989-2000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Double Pane Windows
  • Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Central A/C, Window Unit(s) A/C
  • Floor Covering
    Vinyl
  • Heating System
    Central Furnace
  • Roof Type
    Asphalt
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 728 Vernon Avenue, Venice, CA 90291

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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