Bought with Salar Farshchi Tabrizi • Equity Union
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Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $939
MLS Listing ID CRSR24075666
Sold Date 06/26/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1952
Lot Size 4,802 Sqft
Property Description
VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. ALL UNIT
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry Dryer, Washer
Exterior
View None
Building
Lot Description Other
Water Public
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