Description
The triplex at 712-716 Vernon welcomes all owner-occupants, 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: one being MTM ($2300/mo) while the other's term ends 02/2024 ($2500/mo). Separately, the vacant bungalow of 2 bd / 1ba ($3500 pro forma) features a rustic lumber deck, off-street parking with square terracotta tiles, private entry, and a bohemian outdoor living space. New roofs were recently installed on both structures. Communal laundry is a possibility as infrastructure remains onsite. Hardwood/vinyl flooring, granite countertops, dual paned windows throughout. Complementing the property's income production, 712-716 Vernon sits well within walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, and a plethora of coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale easily make 712-716 Vernon a worthwhile investment. Possibility of assembling current active listing 718 Vernon Ave, APN 4239004004 to create a rare double lot exceeding 10,000SF that could provide tremendous upside potential.
-
0BEDS
-
0.12ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
The triplex at 712-716 Vernon welcomes all owner-occupants, 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: one being MTM ($2300/mo) while the other's term ends 02/2024 ($2500/mo). Separately, the vacant bungalow of 2 bd / 1ba ($3500 pro forma) features a rustic lumber deck, off-street parking with square terracotta tiles, private entry, and a bohemian outdoor living space. New roofs were recently installed on both structures. Communal laundry is a possibility as infrastructure remains onsite. Hardwood/vinyl flooring, granite countertops, dual paned windows throughout. Complementing the property's income production, 712-716 Vernon sits well within walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, and a plethora of coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale easily make 712-716 Vernon a worthwhile investment. Possibility of assembling current active listing 718 Vernon Ave, APN 4239004004 to create a rare double lot exceeding 10,000SF that could provide tremendous upside potential.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.