421 VENICE Way, Venice, CA 90291

About this property

Incredible opportunity for entry into the red hot Venice market! Perfect duplex for owner / user as well as investor in which property is currently exhibiting great cash flow through short term rental; bringing in $3,000 / month on average per unit totaling an impressive $72,000 annual net after management fees. Both 1 bed, 1 bath units to be delivered vacant and unit #1 has been remodeled and is equipped with a bonus loft area and front patio. Units also include two private single car garages and a vintage Venice Beach vibe. A+ Location. The property a short distance to the Beach, Abbot Kinney, the Venice Library, and Downtown Venice. 425 Venice Way is also available for sale (APN - 4238-020-032)

Listing description from the May 2017 sale, as reported to CRMLS.

Sale history

$1,323,079

Sold May 2017 · listed $1,299,000, orig. $1,395,000, on market January 2017 · MLS #17190312 · Source: CRMLS

Listing Agent: Brian Capossela · Listing Office: Cap Equity Realty · Contact: 310-736-4192 · Bought with: Michael Cohen · Compass

$1,050,000

Sold November 2015 · listed $1,150,000, orig. $1,295,000, on market March 2015 · MLS #15883511 · Source: CRMLS

Listing Agent: Laurence DeMers · Listing Office: DeMers & Associates · Contact: 310-836-0340 · Bought with: Laurence DeMers · DeMers & Associates

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