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$ 4,549,000
Est. payment | /mo
11 Beds
4,289 SqFt
$ 4,549,000
Est. payment | /mo
11 Beds
4,289 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,289 sqft
Price per Sqft $1,060
MLS Listing ID CL25498789
Bedrooms 11
HOA Y/N No
Year Built 1924
Lot Size 5,670 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
Rare investment opportunity in the heart of Venice: perfect for multi generational living! An unparalleled opportunity in the heart of Venice, this perfectly located and meticulously designed four-home property offers the perfect blend of togetherness and independence ideal for multi-generational living or a high-yield investment with a 5.56% cap rate. Currently operating as MTR at a 5.56% cap rate but can be delivered vacant for a traditional rental unit. At market rents on traditional 12 month lease the cap rate is 5.3%. The home is fully occupied at noted rents via the outstanding corporate rental platform however can be delivered VACANT at the close of escrow to suit a buyers needs. This unique gated sanctuary consists of a completely rebuilt two story front house, a spacious duplex, and a brand-new construction ADU with a rooftop deck, all designed to feel connected yet separate, with lush landscaping for natural privacy and security for each. Front House (3BD/3BA): Rebuilt in 2024, this modern two-story home is flooded with natural light from skylights and features an open floor plan, large kitchen, private bar/wine room, luxurious primary suite, private fenced yard, and in-unit laundry. Middle Duplex (Two 3BD/2BA Units): Thoughtfully remodeled, both units offer spacious op
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace No
Laundry Dryer, Washer
Exterior
View Y/N true
View Mountain(s)
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 4239002026
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Listed by Tyler Kunkle • Pardee Properties
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com