718 Vernon Avenue
$2,799,999
4
5
2,055
2,055
$1,363
Description
Experience the true essence of Venice Beach living with this exceptional Triplex (delivered vacant & furnished). Its alluring features, including private hot tubs, a serene communal garden, and a prime location, culminate in a coastal haven that harmoniously blends lifestyle and income. One of the standout features is the fully assumable loan of nearly $1.3M at an incredible 3.25% interest rate, providing unparalleled value in today's market. Whether you're an investor seeking a profitable venture...Experience the true essence of Venice Beach living with this exceptional Triplex (delivered vacant & furnished). Its alluring features, including private hot tubs, a serene communal garden, and a prime location, culminate in a coastal haven that harmoniously blends lifestyle and income. One of the standout features is the fully assumable loan of nearly $1.3M at an incredible 3.25% interest rate, providing unparalleled value in today's market. Whether you're an investor seeking a profitable venture or a homeowner seeking a retreat to call your own, this property is an opportunity that cannot be overlooked. This Triplex is a turn-key long or short term rental, ensuring it's ready for seamless occupancy and an immediate revenue stream (will be delivered vacant). Boasting two separate structures, each finely furnished with custom-built furniture, this property features three units that are fully equipped with a 2bed +3bath main owners (with WFH office or 3rd bedroom) unit & (2) 1+1 rental units with an oasis of comfort, style, and convenience. This magical outdoor haven features a custom 100ft long pergola adorned with a graceful canopy and an enchanting communal garden area. As an income-generating gem, this Triplex has the potential to yield an impressive monthly income or perfect for family & friends compound. The thriving rental market in Venice Beach and the property's alluring features and prime location make this investment worthwhile.
- Listed by Frankie Levangie • DRE #02063464 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 718 Vernon Avenue
Water Front
None
ZoningLARD1.5
Parcel Number4239004004
Total Units3.0
Living Area2055
Source Living AreaAssessor
AreaVenice (C11)
Vacancy Rate3
LISTING UPDATED: 11/03/2024 12:06 PM
Property Details for 718 Vernon Avenue
Status | Active |
---|---|
MLS # | 24-436235 |
Days on Market | 78 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.11 AC / 4,802 SF |
County | Los Angeles County |
Building Information for 718 Vernon Avenue
Stories-Residences-Year Built1922Building Size-Lot Size0.11 AC / 4,802 SF
Property Information for 718 Vernon Avenue
Property History for 718 Vernon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 718 Vernon Avenue
Taxable ValueLand$1,563,537Additions$334,914Total$1,898,451
Tax Record2024$23,122 ($1,927 / month)
Home Facts
Total Finished SqFt2,055 SqFtAbove Grade Finished SqFt2,055 SqFtLot Size4,802 SqFtStyleTriplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN4239-004-004
Schools near 718 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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