577 Venice Boulevard , Venice, CA - 90291, Venice CA is for sale :

Call For Appointment to See This Home
Dmitry Litvishkov (310)-709-4920

577 Venice Boulevard , Venice, CA - 90291 is For Sale

Details

Price : $1,695,000

Address : 577 Venice Boulevard

City : Venice

State : CA

Area : C11 - Venice

Property Type : Residential Income

Sq M : 409 M²

Total Units : 2

CAP rate : $7

Gross Operating Income : $144,000

Net Operating Income : $140,929

MLS# : 24438303

Lot Size (Acres) : 0.101 ac

Property Description

Venice Home For Sale. Located at 577 Venice Blvd, this duplex offers an unbeatable investment in the heart of Venice, CA. Featuring R3 zoning, the property allows for potential expansion into a triplex by converting the spacious garage. Priced below market value under $1.7 million, this deal includes the current owner's request to remain on the premises as a rent-paying tenant, with the second unit delivered vacant, providing immediate rental income potential.Situated in a highly desirable area, this property is just minutes from Venice Beach, the iconic Venice Canals, and the vibrant Abbot Kinney Boulevard, known for its trendy boutiques, top-rated dining, and lively arts scene. Enjoy quick access to the boardwalk, eclectic shops, and the buzzing nightlife that makes Venice a world-renowned destination. With its excellent walkability, proximity to Silicon Beach, and easy access to major freeways, this property is not only a fantastic investment but also a gateway to the best of coastal living. Possible opportunity to convert the garage into an ADU or third unit. Current owner to remain in one unit as a rent paying tenant. Don't miss this rare chance to own in one of Venice's most sought-after neighborhoods, with endless possibilities for future growth and development!

Listed By

Keller Williams Beverly Hills

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