Venice, CA 90291,1704 WASHINGTON WAY
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Venice, CA 90291,1704 WASHINGTON WAY
Venice, CA 90291,1704 WASHINGTON WAY
Venice, CA 90291,1704 WASHINGTON WAY
Venice, CA 90291,1704 WASHINGTON WAY

$1,940,000

Est. payment /mo

$2,400,000

19.2%
Est.Price: ?

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1704 WASHINGTON WAY Venice, CA 90291

6,202 Sqft Lot

SOLD DATE : 06/01/2022

Key Details

Sold Price $1,940,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22121647

Year Built 1948

Lot Size 6,202 Sqft

Property Description

Unique 3 unit Income property! Beautiful beach bungalows in the heart of Venice. This high-demand LARD 1.5 zoning, 6200 sq ft larger lot is within walking distance to the ocean & surf, Abbot Kinney, canals, and all nearby shops & restaurants. These adorable, refurbished units sit on a classic tree-lined street with an opportunity for own/live/manage. All appliances, hardwood floors, all plumbing have recently been re-piped with access, beautiful green private patios, and cozy outside seating. Grounds are entirely secure & gated. Common laundry room, enclosed patios, Possible ADU for garage conversion, extremely wide setbacks, & gate enhancing privacy. 1704 Washington Way next door can be sold concurrently (12,407 combined lot size), great for future expansion and development. The owner had an Architect inform that 15-16 units could be built on both lots combined. At current rental income, the property has a 4.8 CAP with upside potential. Matterport virtual model will be available shortly. Photos are of both 1704 and 1708 units.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Cooling None

Flooring Carpet, Tile, Wood

Laundry Common Area

Exterior

Parking Features None

Community Features Gated

Building

Story 1

Foundation Slab

Sewer Other

New Construction No

Others

Special Listing Condition Standard

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CRMLS – RECore
Listed by Michael Earley Douglas Elliman of California, Inc.
Bought with Lauren Narozniak Pardee Properties
Charles Laird

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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