$1,815,000
$1,890,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
657 San Juan AVE Venice, CA 90291
5,227 Sqft Lot
Key Details
Sold Price $1,815,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB20243280
Sold Date 04/09/21
HOA Y/N No
Year Built 1952
Lot Size 5,227 Sqft
Acres 0.12
Property Description
LOCATION, LOCATION, LOCATION! We are pleased to present 657 San Juan Ave in Venice. Located just up the street from Abbot Kinney Blvd and less than a mile from the beach, this charming triplex is tucked away in a quiet residential neighborhood, perfect for an owner-user and investor alike. The property consists of (2) 1-Bed/1-Bath Units, (1) Studio Unit, and a converted 3-car garage with ¼ Bath, currently operating as a creative studio/workshop that has historically generated up to $2,200/month. The back unit was fully renovated in 2001 and the front unit in 2006. The middle unit has undergone minor upgrades, including a brand-new refrigerator and fixtures. Exterior upgrades include double-pane vinyl windows, new fence, a metal roof, tankless water heaters, most plumbing upgraded to copper & PVC, and the front unit and gates were recently painted.
The back unit has a large private yard with a brand-new privacy gate. There is additional outdoor space in front of the garage with a sliding gate that locks. There is a laundry shed on-site with W/D hook-ups. Gas & electric are metered separately. Tenants pay their own gas & electric. Landlord pays water & garage/exterior electric. There is a fourth electric meter for the garage that is not currently in use, ideal for a potential garage conversion/ADU build. Do not miss this opportunity to acquire a unique income property in the highly sought-after Venice market, steps from the infamous Abbot Kinney Blvd.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Interior
Laundry Location Common Area,Washer Hookup,Electric Dryer Hookup
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Park, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre, Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Patio Home
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4239024037
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Emmanuel Xuereb • Compass