712 Vernon Avenue

Venice, CA 90291

$1,790,000
Price
4
Beds
3
Baths
1,512 Sq. Ft.
$1,184 / Sq. Ft.
1,512
Sq. Ft.
$1,184
per Sq. Ft.

Description

The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on...The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on both structures. Complementing the property's income production, walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, trendy coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale make 712-716 Vernon a worthwhile investment.
  1. Listed by Sanne Lee • DRE #00875005 • Brokerage DRE #01428773 • A + Realty & Mortgage • 626-823-1572
  2. Listed by Lawrence Chen • DRE #02094623 • Brokerage DRE #01428773 • A + Realty & Mortgage

Property Details for 712 Vernon Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1512
Assessor Parcel Number
4239-004-003
Property Attached YN
true
LISTING UPDATED: 10/08/2024 01:25 AM

Property Details for 712 Vernon Avenue

StatusActive
MLS #TR24207225
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.12 AC / 5,402 SF
CountyLos Angeles County

Building Information for 712 Vernon Avenue

Stories1Residences-Year Built1927Building Size-Lot Size0.12 AC / 5,402 SF

Property Information for 712 Vernon Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Grounds Care, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $100,800
  • Gross Scheduled Income: $100,800
  • Net Operating Income: $96,032
Expense Details
  • Operating Expense: $4,768
  • Fuel Expense: $0
  • Insurance Expense: $1,248
  • Maintenance Expense: $1,000
  • Professional Management Expense: $2,520
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $4,768
Tax / Assessment Info
  • Tax Tract Number: 1694
  • Tax Census Tract: 2732.00
  • CFD/Mello-Roos Fee: $337
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Flooring: Laminate
Exterior Features
  • Entry Location: Street and alley
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 712 Vernon 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 Vernon Avenue

Taxable ValueLand$665,656Additions$253,394Total$919,050
Tax Record2024$11,360 ($947 / month)
Home Facts
Total Finished SqFt1,512 SqFtAbove Grade Finished SqFt1,512 SqFtLot Size5,402 SqFtStyleTriplexYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN4239-004-003

Schools near 712 Vernon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
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

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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712 Vernon Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on October 7, 2024 by A + Realty & Mortgage, it's currently listed at $1,790,000. It has been on the market for a total of 44 days and was last sold on September 10, 2007. 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 Vernon Avenue is a 4-bed, 3-bath, 1,512 sqft multi-family home built in 1927.

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 A + Realty & Mortgage, Sanne Lee, DRE #00875005; A + Realty & Mortgage, Lawrence Chen, DRE #02094623

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.