Venice, CA 90291 712 -714-716 Vernon Avenue
$1,790,000
2 more
Presented By: Sanne Lee with A + Realty & Mortgage; 626-823-1572
Beds • 1
Baths • 1
SQFT • 1,512
Home Details
The triplex at 712-716 Vernon Ave welcomes investors and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: ($2500/mo each). The back bungalow of 2 bd / 1ba ($3400/mo) with its private gated entry from Vernon Ct (back alley) features a rustic lumber deck, off-street parking, and outdoor living space. New roofs were recently installed on both structures. Complementing the property's income production, walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, trendy coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale make 712-716 Vernon a worthwhile investment.
Presented By: Sanne Lee with A + Realty & Mortgage; 626-823-1572
Interior Features for 712 -714-716 Vernon Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 712 -714-716 Vernon Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityVenice
Community FeaturesUrban
ContingencyNone!
CountyLos Angeles
Days on Market1
DirectionsSouth of Rose, West of Lincoln
Electric On Property Y/NNo
Entry LocationStreet and alley
ExclusionsAll personal bbelongings
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income100800.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1248.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5402.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MaintenanceExpense1000.0
MobileHomeRemainsYNNo
Net Operating Income96032.0
New ConstructionNo
NumberOfUnitsTotal3
Operating Expense4768.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot3
Tenant PaysAllUtilities, CableTv, Electricity, ExteriorMaintenance, Gas, GroundsCare
TermsCash, CashToNewLoan, Conventional, FHA
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1927
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 712 -714-716 Vernon Avenue
Building Area Total1512.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.124
Lot Size Area5402.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480