2411 Ocean Avenue, Venice, CA 90291

About this single-family home

This striking Silver Triangle modern presents a rare investment opportunity for those seeking to enter the highly competitive Venice Beach real estate market. Located directly behind the famed Venice Canals and a block to the beach, this property is ideally situated for both resident-owners and renters alike. Morning surf runs are a breeze and sunset strolls along the canals wind into evening bliss out on Abbot Kinney- or just basking in the rooftop mountain views. Long term rental estimates for this duplex are $7850 for upstairs and $4500 for downstairs. Pivoting to short, or medium term, furnished rentals offers a even greater explosive opportunity for cash flow. The upper unit is perfect for an owner/user, and features 3 spacious bedrooms and 2 full bathrooms, along with the aforementioned epic roof deck for outdoor entertaining. This private roof deck includes a built-in BBQ and ample lounging areas with beautiful mountain and city views. Inside the upper unit, modern amenities abound, including a tankless gas hot water heater, central HVAC, and a built-in speaker system. The kitchen is truly remarkable, featuring Viking appliances and granite counters. Hardwood floors are found throughout both units. Garage parking is shared with the ability to park 4 cars, a rarity for this neighborhood. Flexibility is key- each unit has a dedicated washer and dryer- in unit for upstairs and in the garage for downstairs. With its prime location and strong rental income, this property has the potential to generate long-term cash flow and appreciation. Looking for a deal? The owner will consider carrying a mortgage for 5 years @ 5% interest with 50% down! Whether you're an investor seeking a steady stream of AAA+ rental income or an owner-occupant looking to live the dream at the beach while generating income, this duplex is bringing the dream into reality.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$2,384,300

Sold October 2023 · listed $2,688,000, on market September 2023 · MLS #23309587 · Source: CRMLS

Listing Agent: Gabriel Crouch · Listing Office: Gabriel Crouch · Contact: 310-745-8221 · Bought with: Gabriel Crouch · Gabriel Crouch

$1,890,000

Sold April 2013 · listed $1,950,000, on market February 2013 · MLS #13654703 · Source: CRMLS

Listing Agent: Douglas Stoddard · Listing Office: Bulldog Realtors, Inc. · Contact: 310-452-5004 · Bought with: Gabriel Crouch · Gabriel Crouch

$1,890,000

Sold April 2013 · listed $1,950,000, on market February 2013 · MLS #13653963 · Source: CRMLS

Listing Agent: Douglas Stoddard · Listing Office: Bulldog Realtors, Inc. · Contact: 310-452-5004 · Bought with: Gabriel Crouch · Gabriel Crouch

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