Venice, CA 90291,627 San Juan Avenue
Venice, CA 90291,627 San Juan Avenue
Venice, CA 90291,627 San Juan Avenue
58
$2,090,000
$2,200,000
5.0%
Est.Price: ?

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4 BD

627 San Juan Avenue Venice, CA 90291

Est. payment /mo
SOLD DATE : 08/12/2022

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Key Details

Sold Price $2,090,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22118955

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

Following renovations, this highly coveted Venice income property features two bright and spacious 2-bedroom, 1-bath units on a large 5,209SF lot with ADU potential. Perched behind a high gate just moments from Abbot Kinney you'll find this prime turnkey duplex positioned on a large lot that boasts an undeniable personality and style unique to only that of a high-end Venice property. With many updates, each unit offers hardwood floors, oversized large windows with natural light, and each unit with its own dedicated laundry. The spacious private yard offers ample parking and outdoor living and entertaining space. This duplex is perfect for an owner/user, or as an investment. Live in one unit and rent the other or make use of the huge yard or perhaps even a pool. The upstairs unit will be vacant in July and the downstairs unit will be month-to-month also in July. Each unit is currently rented for $3,850 per month. This investment property offers significant upside. Current net operating income is based on actual rents and new taxes based on purchase amount. Pro-forma for each unit is $4,200/month with the owner paying utilities. Buyer to verify all information.

Location

State CA

County Los Angeles

Zoning Assessor

Exterior

View Y/N No

Building

Story 2

Others

Acceptable Financing Conventional

Listing Terms Conventional

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MLS Router / San Diego MLS
Listed by William Joseph Joseph Group
Bought with NON LISTED AGENT San Diego

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Dave Dennis

Dave Dennis

Agent | License ID: 01343870

+1(619) 987-9484

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