Report Listing

Home For Sale

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

$1,695,000

312 Market St
Venice, California, United States

4bd 2ba

Listed By: Realtyww Info

Listed On: 05/05/2023

Listing ID: GL10623435 View More Details

Description

Huge 300k Price Reduction! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 5.5% and GRM of 14.1 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping and Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

For more details:

Listed by: Global Platinum Properties, Inc.
Source: The World Property Journal

Advertisement

Other Properties Near Venice