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$1,400,000
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Property Description
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.
Full Property Details
Full Property Details for 712 Sunset Ave
General
- Sold For: $1,400,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-393417
- Added to Site: 609 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: Other
Parking
- Covered Spaces: 1
- Garage Description: Driveway, Garage Is Detached
Location
- Area: Venice
- County: Los Angeles
- Driving Directions: West of Lincoln Blvd Between 7th Ave and Sunset Avenue
Heating & Cooling
- Cooling Type: None
- Heating Type: Central
Structural Information
- # Buildings: 2
- Stories/Levels: 0
- Square Feet: 1,598
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1922
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 2
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.1102
- Lot Size: 4802
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $931.16
- Assessment Year: 1922
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4240-016-034
Listed by Berkshire Hathaway HomeServices California Propert, Rinde Philippe
Sold by The One Luxury Properties, Michael Ragazzo
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Schools
Schools serving 712 Sunset Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Broadway Elementary School 1015 Lincoln Blvd., Los Angeles, CA 90291 | K-5 | 0.4 mi |
Westminster Avenue Elementary School 1010 Abbott Kinney Blvd., Los Angeles, CA 90291 | K-5 | 0.6 mi |
Mark Twain Middle School and World Languages Magnet 2224 Walgrove Avenue, Los Angeles, CA 90066 | 6-8 | 1.3 mi |
Venice Senior High School 13000 Venice Boulevard, Los Angeles, CA 90066 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 712 Sunset Ave
Date
Details
Price
Change
Source
10/04/2024
Sold
$1,400,000
-5.91%
MLS
8/09/2024
Price Reduced
$1,488,000
-6.88%
MLS
6/26/2024
Price Reduced
$1,598,000
-4.6%
MLS
6/13/2024
Price Reduced
$1,675,000
-2.9%
MLS
5/20/2024
Listed
$1,725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
712 Sunset Ave, Venice, CA 90291 (MLS# 24-393417) is a Multi-Family property that was sold at $1,400,000 on October 04, 2024. Want to learn more about 712 Sunset Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.

