547 Venice Way,  Venice CA, 90291 (Residential Income)

3,362 sqft
Status: Sold
MLS#: 16143912
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Last Updated: 12/4/2016 2:49 AM
Description for 547 Venice Way Venice, CA 90291
Prime Venice Beach 4-plex on an extra large R3 lot. Centrally located, this well maintained income property is a great opportunity to buy and hold, or redevelop as Silicon Beach continues to explode. The building consists of four 2 bed, 1 1/2 bath units, all are approximately 800sqft. Initial architectural assessment by m_RA Architecture indicates that a development with 4 units, two floor level 3bd dwellings with approximately 1,400sqft and two 2-story penthouses with 4 bedrooms and approximately 2,200sqft, can be built on the property.
Price
Sold Price:
$2,050,500
Sold Date:09/27/2016
Los Angeles
3,362 (approx)
16143912
Closed
Description
Prime Venice Beach 4-plex on an extra large R3 lot. Centrally located, this well maintained income property is a great opportunity to buy and hold, or redevelop as Silicon Beach continues to explode. The building consists of four 2 bed, 1 1/2 bath units, all are approximately 800sqft. Initial architectural assessment by m_RA Architecture indicates that a development with 4 units, two floor level 3bd dwellings with approximately 1,400sqft and two 2-story penthouses with 4 bedrooms and approximately 2,200sqft, can be built on the property.
Listing Information
Property Type: Cluster, Other
0.16 Acres 703,600 sq.ft. 3,362 (approx)
$609.9 1947
Yes
4 Total
Neighborhood
Room Information
Interior Features
Refrigerator, Freezer
None
Exterior / Lot Features
6 Parking Spaces, Garage
LAR3
Driving Directions
Off of Venice Blvd. East of Pacific and West of Abbot Kinney.
Financial Considerations
4238019014
Listing Price History

Venice Real Estate

Venice is located in California. Venice, California 90291 has a population of 26,961.

The median household income in Venice, California 90291 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 90291 is 37.4 years.

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Courtesy: Partners Trust - Ocean Park Mark Kitching
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Information is deemed reliable but is not guaranteed.

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