245 7TH Avenue

    Venice, CA 90291
    • $2,099,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: 19491884
    UPDATED: 36 min ago
    $2,099,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,326
      SQFT
    • $1,583
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    Vintage Venice 1920's Spanish Style Bungalow Court. This duplex was developed along with the adjacent lot/duplex (see adjacent property listing) to result in four detached 2 bedroom 1 bath bungalows each with private yards and french doors opening on to decks. A beautiful lush escape in the heart of Venice, West of Lincoln and North of Rose Avenue. Walk or bike to the beach, Abbot Kinney, Whole Foods and a variety of shops and restaurants along Rose Avenue and Main Street. One block to the Santa Monica border just South of Ozone Park offers the best of both locations. Owner occupy, and/or rent out for great income. Develop the two lots separately or as one large project. A row of 6 enclosed garages along the back alley rent out separately with one oversized garage opening up through french doors onto a private side yard renting for 1,500 per month; makes a great home office. This property offering consists of one legal lot 4240-001-031 to be purchased with the adjacent lot 4240-001-032

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T19:32:20.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.gogabby.com/homes/97583209

    245 7TH Avenue Venice, CA 90291

    • Price: $2,099,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 19491884
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1,326
    SQFT
    $1,583
    $/SQFT
    1930
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Vintage Venice 1920's Spanish Style Bungalow Court. This duplex was developed along with the adjacent lot/duplex (see adjacent property listing) to result in four detached 2 bedroom 1 bath bungalows each with private yards and french doors opening on to decks. A beautiful lush escape in the heart of Venice, West of Lincoln and North of Rose Avenue. Walk or bike to the beach, Abbot Kinney, Whole Foods and a variety of shops and restaurants along Rose Avenue and Main Street. One block to the Santa Monica border just South of Ozone Park offers the best of both locations. Owner occupy, and/or rent out for great income. Develop the two lots separately or as one large project. A row of 6 enclosed garages along the back alley rent out separately with one oversized garage opening up through french doors onto a private side yard renting for 1,500 per month; makes a great home office. This property offering consists of one legal lot 4240-001-031 to be purchased with the adjacent lot 4240-001-032
    Exterior Features

    Construction Materials Stucco Garage Spaces 3.00 Lot Size Units Square Feet Parking Total 3.00

    Interior Features

    Appliances Gas Water Heater Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Country Us Electric Expense 700.00 Garage Income 2000.00 Gross Income 7631.00 Gross Multiplier 22.92 Gross Operating Income 91572.00 Improvements Amount 57273 Insurance Expense 1145.00 Land Lease YN No Land Value 445508 Maintenance Expense 6600.00 Net Operating Income 55867.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number With Patio 3 Number With Range 2 Number With Refrigerator 2 Property Condition Building PermitAdditions/Alterations Special Listing Conditions Standard Tenant Pays Gas Total Expenses 35705.00 Trash Expense 250.00 Water Sewer Expense 250.00 Zoning Lard2-1

    Listing provided courtesy of Brian O'neill of Real Estate Ebroker Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T19:32:20.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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