109 Catamaran Street,  Venice CA, 90292 (Residential Income)

2,375 sqft
Status: Active
MLS#: 16165914
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Last Updated: 12/8/2016 8:25 PM
Description for 109 Catamaran Street Venice, CA 90292
LOCATION, LOCATION, LOCATION!!! Double lot, 5,429 SQ FT. Zoned R3 lot is located in a prime Marina Peninsula location. It is second line to the beach. You CAN NOT find these types of properties anymore. This property is an idea for Developers or Investors as one. This well maintained income property is a rare opportunity to buy and hold, or redevelop as Silicon Beach continues to explode. It is situated within walking distance of restaurants, shops, trendy Abbot Kinney and the Marina. There are currently three structures on the property totaling a 2,375 SQ FT. of living space, which consist of 5 units - Two 1 Bedroom, Two 2 Bedroom, One Studio. Four units will be delivered vacant on close of Escrow. Buyer to investigate development options which are subject to the coastal commission approval. This property includes both 111 Catamaran & 109 Catamaran which are to be held as one parcel.
Price
$3,900,000
Los Angeles
2,375 (approx)
16165914
Active
Description
LOCATION, LOCATION, LOCATION!!! Double lot, 5,429 SQ FT. Zoned R3 lot is located in a prime Marina Peninsula location. It is second line to the beach. You CAN NOT find these types of properties anymore. This property is an idea for Developers or Investors as one. This well maintained income property is a rare opportunity to buy and hold, or redevelop as Silicon Beach continues to explode. It is situated within walking distance of restaurants, shops, trendy Abbot Kinney and the Marina. There are currently three structures on the property totaling a 2,375 SQ FT. of living space, which consist of 5 units - Two 1 Bedroom, Two 2 Bedroom, One Studio. Four units will be delivered vacant on close of Escrow. Buyer to investigate development options which are subject to the coastal commission approval. This property includes both 111 Catamaran & 109 Catamaran which are to be held as one parcel.
Listing Information
Property Type: Cluster, Other
0.12 Acres 542,900 sq.ft. 2,375 (approx)
$1,642.11 1923
5 Total
Neighborhood
Room Information
Interior Features
Dishwasher, Washer, Dryer
None
Exterior / Lot Features
Driveway
LAR3
Driving Directions
South Of Washington, East Of Pacific
Financial Considerations
4225004080
,$35,000
Listing Price History

Venice Real Estate

Venice is located in California. Venice, California 90292 has a population of 26,961.

The median household income in Venice, California 90292 is $76,578. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Venice 90292 is 37.4 years.

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