$1,775,000
$2,149,000
17.4%For more information regarding the value of a property, please contact us for a free consultation.
627 California AVE Venice, CA 90291
2,006 SqFt
Key Details
Sold Price $1,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,006 sqft
Price per Sqft $884
MLS Listing ID 21681750
Sold Date 04/16/21
HOA Y/N No
Year Built 1936
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions Assessor
Property Description
627 California Avenue is a unique value add or condo development opportunity steps from the famous Abbott Kinney Blvd. It currently consists of 5 individual bungalow units with a mix of Studio & 1-bedroom units and 4 private garages in the back alley that are rented for additional income. The property sits on a 6,754 Sq Ft Lot (45 x 179) with LARD 1.5 zoning making this perfect for a Condo or Small Lot Subdivision development opportunity in the highest demand rental and condo market in the country. This amazing location with a Walk Score of 94 is just off Abbott Kinney Blvd, and is less than a mile from Venice Beach Boardwalk, Rose Avenue Corridor, Main Street; steps from all the great shops, restaurants, and nightlife in the area. An investor can capitalize on the large lot and highly desirable condo market to build multiple condos that will each sell north of $2.1M or implement a value-add strategy to increase rents on the existing structures.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Detached Carport
Garage Spaces 3.0
Garage Description 3.0
Parking Type Detached Carport
Total Parking Spaces 3
Others
Senior Community No
Tax ID 4239029022
Special Listing Condition Standard
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Bought with Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services