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Sold for $1,400,000 on 10/04/24
  • $1,400,000

    712 Sunset Ave, Venice, CA 90291

    3beds
    2baths
    1,598sqft
    Multi Family
    Built in 1922
    -- sqft lot
    $1,364,900 Zestimate®
    $876/sqft
    $5,614 Estimated rent

    Home value

    $1,364,900

    $1.23M - $1.52M

    $5,614/mo

    Zestimate® history
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    Owner options

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    $5,614/mo

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    $8,816/mo

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    $8,816/mo

    Est. payment

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    What's special

    Step into your next lucrative investment an enchanting duplex that perfectly captures the essence of Venice living. Priced to sell with a 4% cap rate, this property offers endless opportunities for investors and owner-users. Situated on a prime lot just west of Lincoln, this duplex features two storybook cottages, each exuding unmatched charm and character. Located within walking distance to the trendy Main Street, Rose Avenue, and the vibrant Abbot Kinney Boulevard and only a short stroll to the beach, these cottages offer unparalleled access to Venice's best dining, shopping, and coastal experiences. The front cottage is a two-bedroom, one-bath haven combining classic charm and modern comfort. This space feels cozy and inviting with its dramatic vaulted ceilings, dark wooden beams bathed in natural light from elegant white shutters, and a skylight, which pours in a perfect luminosity blend. Speckled granite countertops meet antique white cabinetry, featuring glass and mesh-screened doors, creating a functional and aesthetically pleasing space. Hardwood floors, ample closet space, and thoughtful storage solutions make this cottage a dream home or a high-demand rental. The rear cottage is a cozy one-bedroom, one-bath retreat nestled in lush greenery that provides a peaceful and private setting. Inside, the living and dining areas feature white wainscoted ceilings and walls, complemented by built-in cabinetry, radiating classic elegance and warmth. The kitchen, with its sleek quartz countertop and all essential appliances, ensures convenience and style. A versatile back garage adds extra value with laundry facilities and space perfect for a study or personal retreat. The verdant garden oasis, adorned with lush foliage and vibrant flowers, offers tranquil seating areas for relaxation or intimate gatherings. This property is not just a home, it's an opportunity. Whether you choose to owner-occupy one of the units and offset your mortgage by collecting rent from the second unit or leverage it as an investment for your 1031 exchange, the potential for value appreciation is immense. Venice is an eclectic town that attracts a diverse crowd; everyone feels part of the community. This essence of inclusivity and vibrancy will only strengthen with time, making this property a wise investment for the future. The possibilities are endless consider converting the garage for additional income, expanding the existing units, or simply enjoying the lush backyard as your oasis. With independent electric and gas meters for each unit, managing this property is simple and efficient. Whether you want to expand your investment portfolio or seek a unique living opportunity, this duplex delivers on all fronts. Its location in one of the most coveted neighborhoods in Venice ensures a steady stream of potential tenants and an irresistible lifestyle for residents. Act quickly properties like this are rare in such a desirable location. Secure this gem today and start reaping the rewards of Venice's vibrant rental market.

    Zillow last checked: 8 hours ago

    Listing updated: October 04, 2024 at 06:00am

    Listed by:

    Rinde Philippe DRE # 01895315 310-422-9001,

    Berkshire Hathaway HomeServices California Properties 310-829-0629

    Bought with:

    Michael Ragazzo, DRE # 02065102

    The One Luxury Properties

    Source: CLAW,MLS#: 24-393417MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Central
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Range/Oven, Refrigerator, Washer, Dryer
    • Laundry: In Unit
    Interior area
    • Total structure area: 1,598
    • Total interior livable area: 1,598 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Driveway, Garage Is Detached
    • Has garage: Yes
    • Covered spaces: 1
    • Uncovered spaces: 2
    Features
    • Levels: One
    Lot
    • Size: 4,800 sqft
    Details
    • Additional structures: Other
    • Parcel number: 4240016034
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Venice

    HOA & financial

    Other financial information
    • Total actual rent: 79872

    Price history

    DateEventPrice
    10/4/2024Sold$1,400,000-5.9%$876/sqft
    Source: CLAW #24-393417
    9/19/2024Contingent$1,488,000$931/sqft
    Source: CLAW #24-393417
    8/8/2024Price change$1,488,000-6.9%$931/sqft
    Source: CLAW #24-393417
    6/26/2024Price change$1,598,000-4.6%$1,000/sqft
    Source: CLAW #24-393417
    6/13/2024Price change$1,675,000-2.9%$1,048/sqft
    Source: CLAW #24-393417

    Public tax history

    YearProperty taxesTax assessment
    2025$16,914 +276.1%$1,400,000 +297.5%
    2024$4,497 +1.8%$352,186 +2%
    2023$4,417 +4.7%$345,281 +2%

    Find assessor info on the county website

    Neighborhood: Venice

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $1,364,900

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,364,900