627 California AVE Venice, CA 90291 pending
UPDATED:  
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pending
2149000
/mo

2Beds

5Baths

2006SqFt

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Key Details

Property Type: Multi-Family

Listing Status: Pending

Purchase Type: For Sale

Square Footage: 2,006 sqft

Price per Sqft: $1,071

Lot Size: 6,534 Sqft

Year Built: 1936

MLS Listing ID: 21681750

Bedrooms: 2

Total Units: 5

HOA Y/N: No

Property Description

627 California Avenue is a unique value add or condo development opportunity steps from the famous Abbott Kinney Blvd. It currently consists of 5 individual bungalow units with a mix of Studio & 1-bedroom units and 4 private garages in the back alley that are rented for additional income. The property sits on a 6,754 Sq Ft Lot (45 x 179) with LARD 1.5 zoning making this perfect for a Condo or Small Lot Subdivision development opportunity in the highest demand rental and condo market in the country. This amazing location with a Walk Score of 94 is just off Abbott Kinney Blvd, and is less than a mile from Venice Beach Boardwalk, Rose Avenue Corridor, Main Street; steps from all the great shops, restaurants, and nightlife in the area. An investor can capitalize on the large lot and highly desirable condo market to build multiple condos that will each sell north of $2.1M or implement a value-add strategy to increase rents on the existing structures.

Location

State: CA

County: Los Angeles

Area: C11 - Venice

Zoning: LARD1.5

Interior

Laundry: Community

Heating: Wall Furnace

Cooling: None

Exterior

Garage: Detached Carport

Garage Spaces: 3.0

Others

Senior Community: No

Special Sale: Standard

Lease Land: No

Unit 1

Beds: 1

Baths: 1

Furnished: Unfurnished

Unit 2

Baths: 1

Furnished: Unfurnished

Unit 3

Baths: 1

Furnished: Unfurnished

Unit 4

Baths: 1

Furnished: Unfurnished

Unit 5

Beds: 1

Baths: 1

Furnished: Unfurnished

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Listing provided by  Matthews Real Estate Investment Services

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