627 San Juan Avenue

Venice, CA, 90291

$2,090,000

$2,090,000
Sold
Sold
beds
4 Beds
property_type
Multi-family
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.
MLS® ID:
SB22118955
Listed:
6/8/22
Updated:
10/1/22

Interior Features

Kitchen Appliances
Range/Oven, Refrigerator, Washer
Total Bedrooms
4
Total Bathrooms
0
Cooling
None

Exterior/Building Features

Lot Size
5,227 ft² lot
Lot Details
Sidewalks

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2
Zoning
Assessor

Property History

Date
Event
Price
Value
8/12/22
Sold
-
-
8/12/22
Price Change
$2,090,000
-5%
7/14/22
Active Under Contract
-
-
7/5/22
Pending
-
-

 

Courtesy of William Joseph, Joseph Group 

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Data last updated 2:07 PM UTC, 10/1/22

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