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Home For Sale

Picture of Home For Sale in Venice, California, United States

$2,499,000

1712 Washington Way
Venice, California, United States

3bd 4ba

Listed By: Realtyww Info

Listed On: 05/10/2023

Listing ID: GL10582551 View More Details

Description

Quintessential Venice Beach living, a stones throw to famed Abbot Kinney Blvd. This income property is situated on a gated, oversized street to street lot oozing with development opportunity. Front structure is currently a triplex. The back structure is a 3 car garage plus bonus studio. Estimates in place to convert the garage into two ADUs which could push the cap rate to 7-10%! All tenants are on a month to month lease and one unit currently vacant. Developers dreams! Or rent out and keep as is!

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Listed by: Dpp
Source: The World Property Journal

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