Property Detail

Description

This income property is located on one of the best streets in Venice, an extra-wide, tree-lined street, offering close proximity to Abbot Kinney, Rose Avenue, and some of the trendiest new businesses on Lincoln Blvd. The property itself boasts timeless charm and character, surrounded by lush landscaping and mature fruit trees. It's situated on a beautiful street among multi-million dollar properties. The front unit is a spacious and bright 2-bedroom, 1-bathroom unit with access to the front yard. The attached rear unit is a 1-bedroom, 1-bathroom unit with a separate entrance off the side yard. There's additional outdoor space between the units and the large two-car garage with an extra laundry room area. Both units feature many original finishes, hardwood floors, and great natural light. Please note that the property is currently tenant-occupied. This property can potentially work for an owner-user. Live in one of the units and build an Accessory Dwelling Unit (ADU) above the garage for additional income. Rent control laws apply, and all buyers to do their own due diligence as they relate to any tenant relocations. For Investors and Developers, the lot has tremendous potential to be transformed into a stunning duplex with the option for a third ADU unit, totaling three units. This is a unique opportunity in a highly desirable location for a savvy investor or owner-user. Existing tenants are desirous of being relocated. The property is being sold As-Is. Inspection reports are available upon request. DO NOT DISTURB TENANTS.