Welcome to "The Venice Craftsman II", a rare opportunity to own a fully vacant duplex on a tree-lined street in prime Venice with 4-car side by side garage that has the capability to be expanded upon or partially converted to a third unit plus ADU. Upon entry, you are introduced to two delightful storybook cottages that offer an ideal balance of style and function. Each unit showcases sunny living and dining areas, enhanced by classic Craftsman built-ins that add a touch of timeless elegance. Oversized eat-in kitchens invite casual dining and entertaining, while full baths and large, airy bedrooms ensure maximum comfort. Outdoor spaces, including covered porches with artificial turf, create a seamless connection to the warm California weather, allowing for effortless indoor-outdoor living. The property features an extra-large 4 car garage with side-by-side parking at the rear, providing ample storage or parking. The garage can potentially be partially converted or fully converted or expanded upon through its LAR3 Zoning and ADU/JDU provisions to create a third unit, Buyer to verify with their architect and zoning professionals. With the units being fully vacant, 2209 Marian Place offers flexible options for its next owner. Buyers can choose to occupy one of the units and rent the other, capitalizing on Venice's lucrative rental market, or opt to rent both units out at market rates as a long-term investment opportunity. Just moments away from the bustling energy of Abbot Kinney, with its top-tier restaurants, eclectic shopping, and vibrant nightlife along with the Pacific Ocean and Santa Monica which is just a few minutes away. This is a rare find in Venice a property that combines location, charm, and flexibility. Don't miss your chance to own a piece of Venice's vibrant living, whether for personal enjoyment or as a smart real estate investment.
Sunday March 9th, 2025
from 1:00 pm - 4:00 pm
The income description goes here to explain
List Price | $1,650,000 |
Property Type | Duplex (2-units) |
Usable Sqft | 1,440 |
Number of Stories | 1 stories |
Parking Spots | 0 spots |
Year Built | 1924 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 4241033013 |
MLS # | 25505265 |
Property ID | 321325921 |
Lot Sqft | 4,500 |
Zoning | LAR3 |
Total Units | 2 |
Days on Market | 4 |
Original List Price | $1,650,000 |
Date Updated | March 04, 2025 |
Date Created | March 04, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 2 | 1.00 | $0 | $5,000 |
Unit #2 | 2 | 1.00 | $0 | $5,000 |
Gross Income (Yr) | $ 144,000 |
Operating Expenses | $ 24,000 |
Net Income (Yr) | $ 120,000 |
Cap Rate | 6.69% |
Oliver Thornton an agent of Hollywood Estates. Lic #01969227
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT