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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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#: 24-393417
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
| Date | Event | Price |
|---|---|---|
| 10/4/2024 | Sold | $1,400,000-5.9%$876/sqft |
Source: | ||
| 9/19/2024 | Contingent | $1,488,000$931/sqft |
Source: | ||
| 8/8/2024 | Price change | $1,488,000-6.9%$931/sqft |
Source: | ||
| 6/26/2024 | Price change | $1,598,000-4.6%$1,000/sqft |
Source: | ||
| 6/13/2024 | Price change | $1,675,000-2.9%$1,048/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 8/10Broadway Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Mark Twain Middle School and World Languages MagnetGrades: 6-8Distance: 1.3 mi
- 8/10Venice Senior High SchoolGrades: 9-12Distance: 1.3 mi
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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


