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702 Rose Ave

Venice, CA 90291
  • $2,850,000
  • STATUS: Active
  • ON SITE: 87 Days
  • MLS #: 22-129517
UPDATED: 40 min ago
$2,850,000
  • 2
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,140
    SQFT
  • $2,500
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

Unique investment opportunity. Large double lot on Rose C2 zoned. Vacant existing single family home with attractive parking lease in place to Amazons Whole Foods. Current Monthly income $9,625. Great covered ground play! Collect rent on both the parking lot and the house while you plan for a future development. Excess Land around the single family home is leased to Amazon's Whole Foods for employee parking.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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.
www.searchdesertrealestate.com/homes/125986951
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702 Rose Ave Venice, CA 90291

  • Price: $2,850,000
  • Status: Active
  • On Site: 87 Days
  • Updated: 40 min ago
  • MLS #: 22-129517
2
Beds
0
Baths
0
½ Baths
0.17
Acres
1,140
SQFT
$2,500
$/SQFT
1924
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
Unique investment opportunity. Large double lot on Rose C2 zoned. Vacant existing single family home with attractive parking lease in place to Amazons Whole Foods. Current Monthly income $9,625. Great covered ground play! Collect rent on both the parking lot and the house while you plan for a future development. Excess Land around the single family home is leased to Amazon's Whole Foods for employee parking.
Exterior Features

Direction Faces North Entry Location Ground Level W/Steps Exterior Construction FrameRedwood SidingWood Siding Levels One Lot Description 2-4 Lots Lot Location Alley AccessCorner Lot Lot Size Area 7365 Other Structures None Parking Garage Driveway - Combination Patio Features None Paved YN Yes Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Sprinklers None Style California Bungalow Tennis Court None Tennis YN No Total Parking 0 View Description None View YN No Water Frontage None

Interior Features

Baths Total 1.00 Common Walls Detached/No Common Walls Cooking Appliances None Cooling None Equipment None Fireplace Rooms Den Flooring HardwoodLinoleum Foundation Details Raised Heating None Interior Features None Kitchen Features Tile Counters Laundry None Water Heater Features Gas

Property Features

ADACompliance No Alley YN Yes Assessed Total Value 648563 Disability Access None Gross Income 9625 Gross Operating Income 115500 Like Units1 1 Net Operating Income 83437.50 Number Of Buildings 1 Number Of Units 1 Owner Pays Gardener Property Condition Fixer Rent Control YN No Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 32062.50 Type Of Units 1 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Daniel Pickart DRE#01914551 of Industry Partners.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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.
 
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