712 Sunset Avenue

Venice, CA 90291

$1,488,000
Price
3
Beds
2
Baths
1,598 Sq. Ft.
$931 / Sq. Ft.
1,598
Sq. Ft.
$931
per Sq. Ft.
a front view of a house with garden
an aerial view of a house
a view of a backyard with chair and table
front view of a house with a yard
a view of a backyard with table and chairs potted plants and a large tree
a living room filled with furniture and a fireplace
a living room with patio furniture and a fireplace
a view of a room with gym equipment
a kitchen with a table and chairs in it
a living room filled with furniture and a couch
a view of a workspace with furniture and a window
a kitchen with granite countertop a sink and a stove
view of living room with furniture and a potted plant
a bathroom with a sink a mirror and a shower
a living room with furniture and a rug
a bedroom with a large bed and a window
a wooden fence with trees in front of it
a living room with furniture and a flat screen tv
a bedroom with two beds and a large window
a view of a dining room with furniture window and outside view
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a bedroom with a bed and a couch
a bedroom with a bed and a desk
a bathroom with a sink toilet and shower
a view of a wooden chairs and table in backyard
a view of a chairs and table in the patio
a dining room with a wooden table and chairs
a picture of city view
an aerial view of residential houses with outdoor space and parking
an aerial view of a house
an aerial view of a house
an aerial view of a house
a view of a garden with flowers and plants
an aerial view of a house
an aerial view of a house
an aerial view of a house with a yard and garden
a front view of a house with a garden

Description

Step into your next lucrative investment an enchanting duplex that perfectly captures the essence of Venice living. Priced to sell with a 4% cap rate, this property offers endless opportunities for investors and owner-users. Situated on a prime lot just west of Lincoln, this duplex features two storybook cottages, each exuding unmatched charm and character. Located within walking distance to the trendy Main Street, Rose Avenue, and the vibrant Abbot Kinney Boulevard and only a short stroll to the...Step into your next lucrative investment an enchanting duplex that perfectly captures the essence of Venice living. Priced to sell with a 4% cap rate, this property offers endless opportunities for investors and owner-users. Situated on a prime lot just west of Lincoln, this duplex features two storybook cottages, each exuding unmatched charm and character. Located within walking distance to the trendy Main Street, Rose Avenue, and the vibrant Abbot Kinney Boulevard and only a short stroll to the beach, these cottages offer unparalleled access to Venice's best dining, shopping, and coastal experiences. The front cottage is a two-bedroom, one-bath haven combining classic charm and modern comfort. This space feels cozy and inviting with its dramatic vaulted ceilings, dark wooden beams bathed in natural light from elegant white shutters, and a skylight, which pours in a perfect luminosity blend. Speckled granite countertops meet antique white cabinetry, featuring glass and mesh-screened doors, creating a functional and aesthetically pleasing space. Hardwood floors, ample closet space, and thoughtful storage solutions make this cottage a dream home or a high-demand rental. The rear cottage is a cozy one-bedroom, one-bath retreat nestled in lush greenery that provides a peaceful and private setting. Inside, the living and dining areas feature white wainscoted ceilings and walls, complemented by built-in cabinetry, radiating classic elegance and warmth. The kitchen, with its sleek quartz countertop and all essential appliances, ensures convenience and style. A versatile back garage adds extra value with laundry facilities and space perfect for a study or personal retreat. The verdant garden oasis, adorned with lush foliage and vibrant flowers, offers tranquil seating areas for relaxation or intimate gatherings. This property is not just a home, it's an opportunity. Whether you choose to owner-occupy one of the units and offset your mortgage by collecting rent from the second unit or leverage it as an investment for your 1031 exchange, the potential for value appreciation is immense. Venice is an eclectic town that attracts a diverse crowd; everyone feels part of the community. This essence of inclusivity and vibrancy will only strengthen with time, making this property a wise investment for the future. The possibilities are endless consider converting the garage for additional income, expanding the existing units, or simply enjoying the lush backyard as your oasis. With independent electric and gas meters for each unit, managing this property is simple and efficient. Whether you want to expand your investment portfolio or seek a unique living opportunity, this duplex delivers on all fronts. Its location in one of the most coveted neighborhoods in Venice ensures a steady stream of potential tenants and an irresistible lifestyle for residents. Act quickly properties like this are rare in such a desirable location. Secure this gem today and start reaping the rewards of Venice's vibrant rental market.
  1. Listed by Rinde Philippe • DRE #01895315 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 712 Sunset Avenue

Zoning
LARD1.5
Parcel Number
4240016034
Total Units
2.0
Living Area
1598
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
4802
LISTING UPDATED: 08/23/2024 10:39 AM

Property Details for 712 Sunset Avenue

StatusActive
MLS #24-393417
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.11 AC / 4,802 SF
CountyLos Angeles County

Building Information for 712 Sunset Avenue

Stories-Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,802 SF

Property Information for 712 Sunset Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $79,872
  • Net Operating Income: $60,822.00
  • Gross Income: $79,872
  • Cap Rate: 3.80%
  • Gross Rent Multiplier: $20.00
  • Actual Annual Gross Rent: $79,872.00
  • Actual Gross Annual Income: $79,872
  • Actual Rent Total: $79,872.00
  • Total Annual Expense: 19049
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4802
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 3
  • Covered Parking: 1
  • Open Other Spaces Total: 2
  • Parking Features: Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Washer, Dryer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,640.00
  • Unit Actual Rent: $3,640.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,016.00
  • Unit Actual Rent: $3,016.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $127,024.00
  • Assessed Improvement Percent: 36.79
  • Assessed Land Value: $218,257.00
  • Assessed Land Percent: 63.21
  • Assessed Total Value: $345,281.00

Property History for 712 Sunset Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 712 Sunset Avenue

Taxable ValueLand$218,257Additions$127,024Total$345,281
Tax Record2023$4,417 ($368 / month)
Home Facts
Total Finished SqFt1,598 SqFtAbove Grade Finished SqFt1,598 SqFtLot Size4,802 SqFtStyleDuplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN4240-016-034

Schools near 712 Sunset Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Walgrove Avenue Elementary School
Public - K to 5
Broadway Elementary School
Public - K to 6
Mark Twain Middle School and World Languages Magnet
Public - 6 to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Walgrove Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

Mark Twain Middle School and World Languages Magnet
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 712 Sunset Avenue, Venice, CA 90291

712 Sunset Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on May 20, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $1,488,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Walgrove Avenue Elementary School and Broadway Elementary School. 712 Sunset Avenue is a 3-bed, 2-bath, 1,598 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Rinde Philippe, DRE #01895315

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.