$2,799,999
718 Vernon AVE Venice, CA 90291
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$2,799,999
Est. payment /mo
4 BD
5 BA
2,055 SqFt
Price Dropped by $100K
718 Vernon AVE Venice, CA 90291
UPDATED:
11/03/2024 08:18 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,055 sqft
Price per Sqft $1,362
MLS Listing ID 24436235
Bedrooms 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1922
Lot Size 4,800 Sqft
Property Description
Experience the true essence of Venice Beach living with this exceptional Triplex (delivered vacant & furnished). Its alluring features, including private hot tubs, a serene communal garden, and a prime location, culminate in a coastal haven that harmoniously blends lifestyle and income. One of the standout features is the fully assumable loan of nearly $1.3M at an incredible 3.25% interest rate, providing unparalleled value in today's market. Whether you're an investor seeking a profitable venture or a homeowner seeking a retreat to call your own, this property is an opportunity that cannot be overlooked. This Triplex is a turn-key long or short term rental, ensuring it's ready for seamless occupancy and an immediate revenue stream (will be delivered vacant). Boasting two separate structures, each finely furnished with custom-built furniture, this property features three units that are fully equipped with a 2bed +3bath main owners (with WFH office or 3rd bedroom) unit & (2) 1+1 rental units with an oasis of comfort, style, and convenience. This magical outdoor haven features a custom 100ft long pergola adorned with a graceful canopy and an enchanting communal garden area. As an income-generating gem, this Triplex has the potential to yield an impressive monthly income or perfect for family & friends compound. The thriving rental market in Venice Beach and the property's alluring features and prime location make this investment worthwhile.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplaces Type Gas
Fireplace Yes
Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer
Exterior
Garage One Space
View Y/N No
View None
Porch Porch
Total Parking Spaces 1
Building
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4239004004
Special Listing Condition Standard
Listed by Frankie Levangie • Coldwell Banker Realty
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