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    1340 Morningside Way

    Venice, CA 90291
    • $2,595,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 21692536
    UPDATED: 27 min ago
    $2,595,000
    • 5
      BEDS
    • 0.25
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,184
      SQFT
    • $1,188
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    School District:

    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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    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.

    www.teamforss.com/homes/114190642
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    1340 Morningside Way Venice, CA 90291

    • Price: $2,595,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 21692536
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.25
    Acres
    2,184
    SQFT
    $1,188
    $/SQFT
    1953
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    School District:
    Los Angeles Unified
    Property 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.
    Exterior Features

    Attached Garage YN No Direction Faces North Garage Spaces 2.00 Lot Size Dimensions 63X173 Lot Size Units Square Feet Other Structures Guest House Parking Features Concrete Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Spa Features Above Ground Spa YN Yes View None View YN No

    Interior Features

    Appliances DishwasherMicrowaveRefrigerator Appliances YN Yes Bathrooms Full 2 Bathrooms One Quarter 0 Bathrooms Three Quarter 1 Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring LaminateWoodCarpet Heating Wall Furnace Heating YN Yes Laundry Features Washer IncludedDryer IncludedIn Garage Levels One Room Type Den

    Property Features

    Country Us Land Lease YN No Laundry YN Yes Lease Considered YN No Property Condition Updated/RemodeledRepairs Cosmetic Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Notice Of Default Year Built Source Assessor Zoning Lar1-V2

    Listing provided courtesy of Jackie Theis of Power Brokers International


    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.

     
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