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421 Venice Way, Venice, CA 90291

2 Bed, 2 Bath Multi-Family Home For Sale

421 Venice Way, Venice, CA 90291 House For Sale - MLS #17190312
Sold
$1,299,000
2
2
Multi-Family
2 Family
This listing is courtesy of Brian Capossela from Cap Equity Realty.

Property Description for 421 Venice Way, Venice, CA 90291

Incredible opportunity for entry into the red hot Venice market! Perfect duplex for owner / user as well as investor in which property is currently exhibiting great cash flow through short term rental; bringing in $3,000 / month on average per unit totaling an impressive $72,000 annual net after management fees. Both 1 bed, 1 bath units to be delivered vacant and unit #1 has been remodeled and is equipped with a bonus loft area and front patio. Units also include two private single car garages and a vintage Venice Beach vibe. A+ Location. The property a short distance to the Beach, Abbot Kinney, the Venice Library, and Downtown Venice. 425 Venice Way is also available for sale (APN - 4238-020-032)

Interior Details

1,026 sq. ft.
$1,266.08/sq. ft.
Other

Exterior Details

0.05 acres
2,248 sq. ft.
2 Garage Spaces
2

Other Details

17190312
1949

Units Description

Unit #1
Bedrooms: 1      Full / Half Baths: 1      Rent: $3,000     

Unit #2
Bedrooms: 1      Full / Half Baths: 1      Rent: $3,000     

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(20%)

Monthly Mortgage Payments

$5,900
$8,218

Town Description

Venice of America was founded by tobacco millionaire Abbot Kinney in 1905 as a beach resort town, 14 miles (23 km) west of Los Angeles. He and his partner Francis Ryan had bought two miles (3.24 km)...

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