608 Westminster Avenue,  Venice CA, 90291 (Residential Income)

3,212 sqft
Status: Backup Offers
MLS#: 17266884
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Last Updated: 9/23/2017 11:37 AM
Description for 608 Westminster Avenue Venice, CA 90291
Two building Triplex four blocks from the BEACH and two blocks from ABBOT KINNEY. CAP RATE 4.3%! GRM 16.4! Fully Rented (yearly). Surrounded by Multi-Million Dollar Properties!! Duplex in front with two 906 sf 2 bed 1 bath units (subject to LA rent control). Lower unit has Cherry hardwood floors, IKEA kitchen and bath, new Anderson Eco windows, and Patio Doors to a Private 300 sf Sunny Deck. Upper has Cork Floors, Skylights, Designer Kitchen and Bath, and private green views from every window. The back house is a 3 story loft style architectural built in 2001 which has NO RENT CONTROL and can be delivered Vacant. On it's own private gated lot, there is an entry yard, ground floor studio/office and garage with private alley access, 2 bed 2 baths, office nook, and top floor open plan living area and kitchen. Hardwood Floors, Large Cotswold Windows, Caesarstone Coutertops, top of the line appliances. Private Deck off the living room for sunbathing/outdoor dining. Perfect for Owner/User.
Price
$2,995,000
Los Angeles
3,212 (approx)
17266884
Backup Offers
Description
Two building Triplex four blocks from the BEACH and two blocks from ABBOT KINNEY. CAP RATE 4.3%! GRM 16.4! Fully Rented (yearly). Surrounded by Multi-Million Dollar Properties!! Duplex in front with two 906 sf 2 bed 1 bath units (subject to LA rent control). Lower unit has Cherry hardwood floors, IKEA kitchen and bath, new Anderson Eco windows, and Patio Doors to a Private 300 sf Sunny Deck. Upper has Cork Floors, Skylights, Designer Kitchen and Bath, and private green views from every window. The back house is a 3 story loft style architectural built in 2001 which has NO RENT CONTROL and can be delivered Vacant. On it's own private gated lot, there is an entry yard, ground floor studio/office and garage with private alley access, 2 bed 2 baths, office nook, and top floor open plan living area and kitchen. Hardwood Floors, Large Cotswold Windows, Caesarstone Coutertops, top of the line appliances. Private Deck off the living room for sunbathing/outdoor dining. Perfect for Owner/User.
Listing Information
Property Type: Cluster, Other
0.11 Acres 5,201 sq.ft. 3,212 (approx)
$932.44 1946
Yes
3 Total
Neighborhood
Room Information
Interior Features
Garbage Disposal, Refrigerator, Dishwasher, Washer, Dryer
None
Exterior / Lot Features
Uncovered, Converted Garage, Covered
LARD1.5
Automatic Gate
Driving Directions
West of Lincoln, ast of Abbot Kinney, South of Rose, North of Venice
Financial Considerations
4239024024
$182,400 Income ,$46,913Expense
Listing Price History

Venice Real Estate

Venice is located in California.

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Courtesy: Noel Vietor - Real Estate Broker Services In Noel Vietor
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