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616 Vernon Ave
For Sale $1,999,900 ($510.70 per Sq Ft)
$1,999,900 ($510.70 per Sq Ft)
- 5 Units
- 3,916 Sq Ft
- 4,803 Sq Ft
- Unknown Cap Rate
Description
Searching for an incredible investment opportunity in a highly lucrative area? Enviably set in a tranquil Oakwood neighborhood, this gated multi-family property in Venice could be the amazing venture you're looking for! Five well-proportioned units are all occupied. Each abode features an open-concept main living area with large windows spilling abundant natural light throughout, illuminating the interior's crisp white tones and gorgeous wood-style flooring. Cooking is a breeze with the galley-style kitchen that graces every unit, equipping the culinary enthusiast with quality appliances, ample cabinetry, and sleek granite countertops. Comfortable bedrooms with generous closets await after a long day, accommodated by a refreshing bath with a shower/tub combo. Decorative railing on the second floor's overlooking walkway makes it an attractive spot for relaxing with morning coffee, while ground-level residences share a sun-kissed patio bordered by lush bamboo. A multi-car rear lot is available in addition to plentiful street parking. Its fantastic location puts you close to Pacific Coast Highway, the beaches, the Venice Boardwalk, the marina, and a wide array of shopping, dining, and entertainment options and activities. Grab this rare prospect before it slips away!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,999,900 |
| Property Type | Multi-Family |
| Usable Sqft | 3,916 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4239003008 |
| MLS # | 24466739 |
| Property ID | 321083131 |
| Lot Sqft | 4,803 |
| Zoning | LARD1.5 |
| Total Units | 5 |
| Days on Market | 22 |
| Original List Price | $1,999,900 |
| Date Updated | December 04, 2024 |
| Date Created | November 26, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.00 | $0 | $0 |
| Unit #2 | 2 | 1.00 | $0 | $0 |
| Unit #3 | 0 | 1.00 | $0 | $0 |
| Unit #4 | 2 | 1.00 | $0 | $0 |
| Unit #5 | 2 | 1.00 | $0 | $0 |
| Gross Income (Yr) | $ 13,609 |
| Operating Expenses | $ 0 |
| Net Income (Yr) | $ 0 |
Listing Provided By
Orit Gadish an agent of . Lic #01505675
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