712 Sunset Ave

Venice, CA 90291

$1,400,000
Last Sold Price
3
Beds
2
Baths
1,598 Sq. Ft.
$876 / Sq. Ft.
1,598
Sq. Ft.
$876
per Sq. Ft.
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Sold 10/4/24
Sold 10/4/24

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: 10/04/2024 01:00 PM

Property Details for 712 Sunset Avenue

StatusSold
MLS #24-393417
Days on Market119
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
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Location

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

Sold By The One Luxury Properties, Michael Ragazzo, DRE #02065102

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Building Information for 712 Sunset Avenue

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

Payment Calculator

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$8,232 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,823

Property Taxes

$1,409

HOA Dues

$0

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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
  • Gross Scheduled 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
Oct 4, 2024

Sold

CRMLS #24393417

$1,400,000—
Oct 4, 2024

Sold

CLAW #24-393417

$1,400,000—
Oct 4, 2024

Sold

SDMLS #24-393417

$1,400,000—
Sep 19, 2024

Sold (Public Record)

Public Record #1541939401

$1,400,000—
Sep 16, 2024

Pending

SDMLS #24-393417

—
Sep 16, 2024

Pending

CLAW #24-393417

—
Sep 16, 2024

Accepting Backup Offers

CRMLS #24393417

—
Sep 16, 2024

Accepting Backup Offers

CLAW #24-393417

—
Aug 8, 2024

Price Change

CRMLS #24393417

$1,488,000—
Aug 8, 2024

Price Change

CLAW #24-393417

$1,488,000—
Jun 26, 2024

Price Change

CRMLS #24393417

$1,598,000—
Jun 26, 2024

Price Change

CLAW #24-393417

$1,598,000—
Jun 13, 2024

Price Change

CLAW #24-393417

$1,675,000—
Jun 13, 2024

Price Change

CRMLS #24393417

$1,675,000—
May 20, 2024

Listed (Active)

CRMLS #24393417

$1,725,000—
May 20, 2024

Listed (Active)

CLAW #24-393417

$1,725,000—
May 20, 2024

Listed (Active)

SDMLS #24-393417

$1,725,000—
DateEvent & SourcePrice
10/04/2024

Sold

CRMLS #24393417

$1,400,000
10/04/2024

Sold

CLAW #24-393417

$1,400,000
10/04/2024

Sold

SDMLS #24-393417

$1,400,000
09/19/2024

Sold (Public Record)

Public Record #1541939401

$1,400,000
09/16/2024

Pending

SDMLS #24-393417

—
09/16/2024

Pending

CLAW #24-393417

—
09/16/2024

Accepting Backup Offers

CRMLS #24393417

—
09/16/2024

Accepting Backup Offers

CLAW #24-393417

—
08/08/2024

Price Change

CRMLS #24393417

$1,488,000
08/08/2024

Price Change

CLAW #24-393417

$1,488,000
06/26/2024

Price Change

CRMLS #24393417

$1,598,000
06/26/2024

Price Change

CLAW #24-393417

$1,598,000
06/13/2024

Price Change

CLAW #24-393417

$1,675,000
06/13/2024

Price Change

CRMLS #24393417

$1,675,000
05/20/2024

Listed (Active)

CRMLS #24393417

$1,725,000
05/20/2024

Listed (Active)

CLAW #24-393417

$1,725,000
05/20/2024

Listed (Active)

SDMLS #24-393417

$1,725,000

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$1,260,000Additions$140,000Total$1,400,000
Tax Record2025$16,914 ($1,409 / 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 5
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 5

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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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.