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    1101 Van Buren Ave

    Venice, CA 90291
    • $1,975,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: 20-577324
    UPDATED: 45 min ago
    $1,975,000
    • 3
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,933
      SQFT
    • $1,022
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1938
    County:
    Area:

    School Ratings & Info

    Description

    This corner lot with 3 separate bungalow style units presents numerous opportunities. Owner/user (unit 1 can be delivered vacant), a redevelopment play, or an income property in the high demand rental market of Venice. The 1,933 sq ft of living space sits on a 4,114 sq ft corner lot is located in the President's Row neighborhood of Venice, a quiet residential neighborhood located between Washington Boulevard and Venice Boulevard, east of Abbot Kinney Boulevard and west of Lincoln Boulevard. A 3-car garage and onsite laundry can generate additional income. With a walkscore of 86 and conveniently located just few short blocks from Abbott Kinney, tenants can walk to popular shops, restaurants, galleries and Venice Ocean Front Walk. Venice median home sales prices have increased over 135% since January 2012, making it incredibly difficult for home ownership and ensuring a continued strong rental market. Seller is licensed CA broker.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-29T19:42:45.93. 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.randyplaice.com/homes/106576907
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    1101 Van Buren Ave Venice, CA 90291

    • Price: $1,975,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 20-577324
    3
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,933
    SQFT
    $1,022
    $/SQFT
    1938
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    This corner lot with 3 separate bungalow style units presents numerous opportunities. Owner/user (unit 1 can be delivered vacant), a redevelopment play, or an income property in the high demand rental market of Venice. The 1,933 sq ft of living space sits on a 4,114 sq ft corner lot is located in the President's Row neighborhood of Venice, a quiet residential neighborhood located between Washington Boulevard and Venice Boulevard, east of Abbot Kinney Boulevard and west of Lincoln Boulevard. A 3-car garage and onsite laundry can generate additional income. With a walkscore of 86 and conveniently located just few short blocks from Abbott Kinney, tenants can walk to popular shops, restaurants, galleries and Venice Ocean Front Walk. Venice median home sales prices have increased over 135% since January 2012, making it incredibly difficult for home ownership and ensuring a continued strong rental market. Seller is licensed CA broker.
    Exterior Features

    Lot Size Area 4114 Other Structures None Parking Garage Garage Pool YN No Tennis YN No Total Parking 3

    Interior Features

    Baths Total 3.00 Cooling None Den No Dining Room No Equipment Range/Oven Family Room No Flooring HardwoodLinoleum Heating Wall

    Property Features

    Gross Income 109080 Gross Operating Income 109808 Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 78434.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 31373 Type Of Units Bungalows Zoning Lar2

    Listing provided courtesy of Daniel Shieh DRE#01978847 of Lyon Stahl Investment Real Estate, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-29T19:42:45.93. 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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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355