Description
Premier double lot compound with two bungalows; a rare opportunity with many build and use options. What's your pleasure? Maximize profit via a small lot subdivision - OR - Demo and build your dream home on one of the largest lots in Venice - OR - Keep as a two-on-a-lot income property: Rehab the front house; live in one and rent the other. The back house was remodeled and expanded in 2017 and is operating as an Airbnb with monthly rates around 7k. Front house has 2 beds + 1 bath and back house has 3 beds + 2 baths. Each home is about 1,100 SF. Front house will be delivered vacant and back house can be as well, or just use as rental income while you're designing/city planning your new home. Take advantage of current record low interest rates and also access to great construction financing in mid 4s! Seller could be willing to JV (joint venture). Lots of flexibility and again, a rare opportunity in a great family-friendly Venice neighborhood.
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5BEDS
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0.25ACRES
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3BATHS
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01/2 BATHS
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2,184SQFT
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$1,188$/SQFT
Description
Premier double lot compound with two bungalows; a rare opportunity with many build and use options. What's your pleasure? Maximize profit via a small lot subdivision - OR - Demo and build your dream home on one of the largest lots in Venice - OR - Keep as a two-on-a-lot income property: Rehab the front house; live in one and rent the other. The back house was remodeled and expanded in 2017 and is operating as an Airbnb with monthly rates around 7k. Front house has 2 beds + 1 bath and back house has 3 beds + 2 baths. Each home is about 1,100 SF. Front house will be delivered vacant and back house can be as well, or just use as rental income while you're designing/city planning your new home. Take advantage of current record low interest rates and also access to great construction financing in mid 4s! Seller could be willing to JV (joint venture). Lots of flexibility and again, a rare opportunity in a great family-friendly Venice neighborhood.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T14:32:45.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.