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32 28th Place

Venice, CA 90291
  • $2,950,000
  • STATUS: ACTIVE
  • ON SITE: 63 days
  • ID#: SB21114211
UPDATED: 60 min ago
$2,950,000
  • 5
    BEDS
  • 0.06
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 3,241
    SQFT
  • $910
    $/SQFT
Neighborhood:
Type:
Villa/Townhouse
Built:
1988
County:

School Ratings & Info

Description

This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement. This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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32 28th Place Venice, CA 90291

  • Price: $2,950,000
  • Status: ACTIVE
  • Updated: 60 min ago
  • ID#: SB21114211
5
Beds
7
Baths
0
½ Baths
0.06
Acres
3,241
SQFT
$910
$/SQFT
1988
Built
Neighborhood:
Venice (90291)
County:
Los Angeles
Area:
Venice (90291)
Property Description
This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement. This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement.
Exterior Features

Lot Size 1-3999 SF Parking Spaces Total 6 Pool N/K Residential Styles Townhome Residential Unit Location 1 Common Wall View Ocean

Interior Features

Bath Totals 7 Bedrooms Total 5 Cooling N/K Equipment Available DryerWasher Fireplace Fp in Family Room Searchable Rooms Other/Remarks Stories 3 Story

Property Features

Assessments Special Assessments Home Owners Fees 0.0 Sales Restrictions Standard Sewer Septic Public Sewer Terms CashExchangeCash To New Loan Water Public Zoning Lard1.5

Listing provided courtesy of Keller Williams Beach Cities. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106