CA > Venice
Venice, CA 90291,718 Vernon Ave
Venice, CA 90291,718 Vernon Ave
Venice, CA 90291,718 Vernon Ave
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$2,799,999
Est. payment /mo
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4 BD
5 BA
2,055 SqFt
Price Dropped by $100K

718 Vernon Ave Venice, CA 90291

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

11/03/2024 07:06 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,055 sqft

Price per Sqft $1,362

MLS Listing ID 24-436235

Bedrooms 4

Construction Status Updated/Remodeled

Year Built 1922

Lot Size 4,802 Sqft

Acres 0.1102

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 Venice

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Flooring Cement

Fireplaces Type Gas

Equipment Dishwasher, Ceiling Fan, Gas Dryer Hookup, Garbage Disposal, Dryer, Washer, Refrigerator, Range/Oven

Laundry Laundry Area

Exterior

Garage Parking Space

Garage Spaces 1.0

Waterfront Description None

View Y/N No

View None

Building

Water Public

Level or Stories Ground Level

Structure Type Hard Coat

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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718 Vernon Ave