709 Brooks Avenue

    Venice, CA 90291
    • $1,675,000
    • STATUS: Pending
    • ON SITE: 109 days
    • ID#: 18349314
    Pending
    UPDATED: 54 min ago
    $1,675,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,344
      SQFT
    • $1,246
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Amazing Spanish duplex with permitted bonus structure is perfect for an investor or owner occupant. Zoned LARD1.5 on ~5,225 square foot lot is perfect for future development and/or expansion. This classic duplex is positioned with a front 2+1 detached bungalow, permitted detached bonus room, 1+1 detached bungalow at the rear of the property as well as detached 1 car garage with permitted bonus room attached to the garage. Driveway access off the alley and front of the property and a total of 4 structures creates limitless opportunities. Recent improvements include new copper plumbing, sewer line, water heaters and upgraded owners unit. The front 2+1 unit and detached bonus structure, and garage will be delivered vacant. GRM, Cap rate is based on Scheduled annual rents, current expenses and new estimated taxes. Property is located in the high-demand rental market of "Venice AKA Silicon Beach" and close to Venice Beach, Abbot Kinney, Venice Pier, Marina Del Rey, Main Street and Google.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T07:30:06.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84185862

    709 Brooks Avenue Venice, CA 90291

    • Price: $1,675,000
    • Status: Pending
    • Updated: 54 min ago
    • ID#: 18349314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,344
    SQFT
    $1,246
    $/SQFT
    1924
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Amazing Spanish duplex with permitted bonus structure is perfect for an investor or owner occupant. Zoned LARD1.5 on ~5,225 square foot lot is perfect for future development and/or expansion. This classic duplex is positioned with a front 2+1 detached bungalow, permitted detached bonus room, 1+1 detached bungalow at the rear of the property as well as detached 1 car garage with permitted bonus room attached to the garage. Driveway access off the alley and front of the property and a total of 4 structures creates limitless opportunities. Recent improvements include new copper plumbing, sewer line, water heaters and upgraded owners unit. The front 2+1 unit and detached bonus structure, and garage will be delivered vacant. GRM, Cap rate is based on Scheduled annual rents, current expenses and new estimated taxes. Property is located in the high-demand rental market of "Venice AKA Silicon Beach" and close to Venice Beach, Abbot Kinney, Venice Pier, Marina Del Rey, Main Street and Google.
    Exterior Features

    Lot Size Units Square Feet Parking Features DrivewayCovered ParkingGarageOff SiteGarage - Single Door Parking YN Yes Roof Asphalt

    Interior Features

    Appliances Garbage DisposalFreezerRefrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Gross Multiplier 23.79 Gross Operating Income 71400.00 Improvements Amount 153523 Land Value 591499 Net Operating Income 43058.00 Special Listing Conditions Standard Total Expenses 27142.00 Zoning Lard1.5

    Listing provided courtesy of Jeffrey J. Fritz of Coldwell Banker Residential Br and Laura Buffone of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T07:30:06.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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