Description
Incredible investment opportunity on the historic Venice Canals, located in the quiet, residential side of the canals, just a steps to the ocean and moments to Abbot Kinney, great restaurants, shops, and all that Venice has to offer. This charming and sunny west-facing fourplex sits on a rare, spacious double lot with over 56 feet of sought-after canal frontage. This lucrative investment property features two freestanding buildings containing two units each for a total of four two-bed/one-bath units with two detached two-car garages, perfect for potential ADU conversion for additional income (buyer to verify local requirements). Units have balconies on the upper units and private gardens on the lower units. Lots of upside potential and possibilities for the savvy investor. Live in one unit and rent the others, or tear down and build new. Property is also sold with Coastal Commission-approved plans and permits for a sophisticated 4,800-square-foot architectural Balinese-style single-family home with guest house and pool by the highly esteemed Archive Design Group.
-
8BEDS
-
0.12ACRES
-
0BATHS
-
01/2 BATHS
-
2,772SQFT
-
$1,551$/SQFT
School Ratings & Info
Description
Incredible investment opportunity on the historic Venice Canals, located in the quiet, residential side of the canals, just a steps to the ocean and moments to Abbot Kinney, great restaurants, shops, and all that Venice has to offer. This charming and sunny west-facing fourplex sits on a rare, spacious double lot with over 56 feet of sought-after canal frontage. This lucrative investment property features two freestanding buildings containing two units each for a total of four two-bed/one-bath units with two detached two-car garages, perfect for potential ADU conversion for additional income (buyer to verify local requirements). Units have balconies on the upper units and private gardens on the lower units. Lots of upside potential and possibilities for the savvy investor. Live in one unit and rent the others, or tear down and build new. Property is also sold with Coastal Commission-approved plans and permits for a sophisticated 4,800-square-foot architectural Balinese-style single-family home with guest house and pool by the highly esteemed Archive Design Group.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T19:43:08.653. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.