Venice, CA 90291,712 Sunset AVE
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Venice, CA 90291,712 Sunset AVE
Venice, CA 90291,712 Sunset AVE
Venice, CA 90291,712 Sunset AVE
Venice, CA 90291,712 Sunset AVE

$1,400,000

Est. payment /mo

$1,488,000

5.9%
Est.Price: ?

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712 Sunset AVE Venice, CA 90291

3 Beds

2 Baths

1,598 SqFt

SOLD DATE : 10/04/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,598 sqft

Price per Sqft $876

MLS Listing ID 24393417

Sold Date 10/04/24

Bedrooms 3

HOA Y/N No

Year Built 1922

Lot Size 4,800 Sqft

Property Description

Step into your next lucrative investment an enchanting duplex that perfectly captures the essence of Venice living. Priced to sell with a 4% cap rate, this property offers endless opportunities for investors and owner-users. Situated on a prime lot just west of Lincoln, this duplex features two storybook cottages, each exuding unmatched charm and character. Located within walking distance to the trendy Main Street, Rose Avenue, and the vibrant Abbot Kinney Boulevard and only a short stroll to the beach, these cottages offer unparalleled access to Venice's best dining, shopping, and coastal experiences. The front cottage is a two-bedroom, one-bath haven combining classic charm and modern comfort. This space feels cozy and inviting with its dramatic vaulted ceilings, dark wooden beams bathed in natural light from elegant white shutters, and a skylight, which pours in a perfect luminosity blend. Speckled granite countertops meet antique white cabinetry, featuring glass and mesh-screened doors, creating a functional and aesthetically pleasing space. Hardwood floors, ample closet space, and thoughtful storage solutions make this cottage a dream home or a high-demand rental. The rear cottage is a cozy one-bedroom, one-bath retreat nestled in lush greenery that provides a peaceful and private setting. Inside, the living and dining areas feature white wainscoted ceilings and walls, complemented by built-in cabinetry, radiating classic elegance and warmth. The kitchen, with its sleek quartz countertop and all essential appliances, ensures convenience and style. A versatile back garage adds extra value with laundry facilities and space perfect for a study or personal retreat. The verdant garden oasis, adorned with lush foliage and vibrant flowers, offers tranquil seating areas for relaxation or intimate gatherings. This property is not just a home, it's an opportunity. Whether you choose to owner-occupy one of the units and offset your mortgage by collecting rent from the second unit or leverage it as an investment for your 1031 exchange, the potential for value appreciation is immense. Venice is an eclectic town that attracts a diverse crowd; everyone feels part of the community. This essence of inclusivity and vibrancy will only strengthen with time, making this property a wise investment for the future. The possibilities are endless consider converting the garage for additional income, expanding the existing units, or simply enjoying the lush backyard as your oasis. With independent electric and gas meters for each unit, managing this property is simple and efficient. Whether you want to expand your investment portfolio or seek a unique living opportunity, this duplex delivers on all fronts. Its location in one of the most coveted neighborhoods in Venice ensures a steady stream of potential tenants and an irresistible lifestyle for residents. Act quickly properties like this are rare in such a desirable location. Secure this gem today and start reaping the rewards of Venice's vibrant rental market.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Heating Central

Cooling None

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Garage Driveway

Parking Type Driveway

Attached Garage No

Total Parking Spaces 3

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4240016034

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Rinde Philippe • Berkshire Hathaway HomeServices California Properties
Bought with Michael Ragazzo • The One Luxury Properties

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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