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728 Vernon Avenue
Venice, CA 90291
Sold
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 UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!
PROPERTY INFORMATION
| MLS # | SR24075666 | Lot Size | 4,802 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 2,899,000
Price Per SqFt: $ 1,048 |
DOM | 384 Days |
| Address | 728 Vernon Avenue | Type | Residential Income |
| City | Venice | Sq.Ft. | 2,766 Sq. Ft. |
| Postal Code | 90291 | Garage | 3 |
| County | Los Angeles | Year Built | 1952 |
| Bed / Bath | 5 / 0 | Parking | 3 |
| Built In | 1952 | Status | Closed |
| Sold Date | 2024-06-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air, Wall/Window Unit(s) |
| Flooring Information | Vinyl |
| InteriorFeatures Information | Furnished, Quartz Counters, Recessed Lighting |
| EntryLocation | Street |
| Entry Level | 0 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Asphalt, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Privacy, Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,092
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/26/2024 | Sold | $2,600,000 |
| 05/09/2024 | Active Under Contract | $2,899,000 |
| 04/16/2024 | Listed | $2,899,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Salar Farshchi Tabrizi, Equity Union. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
