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    1630 Electric Ave

    Venice, CA 90291
    • $1,799,000
    • STATUS: Active
    • ON SITE: 88 days
    • MLS #: 21-704808
    UPDATED: 56 min ago
    $1,799,000
    • 4
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,541
      SQFT
    • $1,167
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    This 1955 Venice beach duplex with detached 2 car garage offers both the potential for development or continued rental income. The building currently has two month to month tenants in 2 bedroom / 1 bath units. The property is in good condition, updated roughly 8 years ago, but the option to scrape the lot and build back 2, 2,500 sq ft 2 story condos make this deal very attractive to developers and investors. Were just a short 1/2 block off Abbot Kinney on a quiet one-way street. Detached 2 car garage could potentially be converted into an ADU. Buyer to verify all. Contact the listing agent for showing times and other questions.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T19:42:55.933. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/115284441
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    1630 Electric Ave Venice, CA 90291

    • Price: $1,799,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 21-704808
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,541
    SQFT
    $1,167
    $/SQFT
    1955
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    This 1955 Venice beach duplex with detached 2 car garage offers both the potential for development or continued rental income. The building currently has two month to month tenants in 2 bedroom / 1 bath units. The property is in good condition, updated roughly 8 years ago, but the option to scrape the lot and build back 2, 2,500 sq ft 2 story condos make this deal very attractive to developers and investors. Were just a short 1/2 block off Abbot Kinney on a quiet one-way street. Detached 2 car garage could potentially be converted into an ADU. Buyer to verify all. Contact the listing agent for showing times and other questions.
    Exterior Features

    Covered Parking 2 Direction Faces West Entry Location Main Level Exterior Construction Stucco Levels Ground Level Lot Location City Lot Size Area 3875 Other Structures Other Parking Garage Garage Is Detached Patio Features Deck(S)Porch - FrontPorch - Rear Pool Description None Pool YN No Roof CompositionShingle Spa None Spa YN No Sprinklers Sprinkler System Style California Bungalow Tennis Court None Tennis YN No Total Parking 2 View Description City Lights View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 2.00 Bedroom Features All Bedrooms Down Common Walls Attached Cooking Appliances Cooktop - Gas Cooling None Den No Dining Room No Equipment Built-InsCableDryerFreezerGarbage DisposalGas Dryer HookupRange/OvenRefrigeratorWasher Family Room Yes Fireplace Rooms BathFamily RoomKitchenPatio Flooring WoodLaminate Foundation Details Raised Heating Wall Gas Interior Features Common WallsStorage SpaceTandemLiving Room Deck Attached Kitchen Features Corian Counters Laundry Garage Laundry Equipment Own Rooms Breakfast AreaFamily RoomPatio Open Water Heater Features Gas Windows Vertical Blinds

    Property Features

    ADACompliance No Amenities None Assessed Total Value 1301533 Disability Access None Gross Income 82800 Gross Operating Income 82800 Land Lease Type Fee Like Units1 1 Like Units2 2 Net Operating Income 80000.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Water Property Condition Repair Cosmetic Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Assessor Tenant Pays GasElectricityCable Tv Total Annual Expense 2800 TVServices Cable Tv Type Of Units 2 Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Marcus Miceli DRE#01439068 of Initiate Realty, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T19:42:55.933. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253