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807 Pacific Ave

Venice, CA 90291
  • $3,575,000
  • STATUS: Active
  • ON SITE: 122 days
  • MLS #: 21-693746
$3,575,000
  • 6
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,061
    SQFT
  • $880
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946
County:
Area:

School Ratings & Info

Description

Attention Developers/Builders/Investors - Incredible opportunity to build multi-family residences, small lot subdivision or value-add improvements on an oversized, flat lot of 8242 square feet in prime Venice. Unbeatable location on Park Avenue, a lush walk-street, just steps to the sand of Venice Beach and moments from Abbot Kinney, Main Street, Rose Ave and the Venice Canals. There are currently three buildings on the property which consists of a total of four units: two attached, two-bedroom, two and one-half bathroom townhome units and two detached, one-bedroom, one bathroom cottages, each with their own private entrances and front yards. There is onsite parking with eight tenant spaces and one guest parking space. The property is well-maintained and all units are tenant occupied. With a zoning of RD1.5, in the heart of Silicon Beach and close to Facebook, Google and Snapchat headquarters, this is a rare opportunity to develop an extraordinary luxury housing project. Do not miss this opportunity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T23:42:24.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/114340201
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807 Pacific Ave Venice, CA 90291

  • Price: $3,575,000
  • Status: Active
  • MLS #: 21-693746
6
Beds
0
Baths
0
½ Baths
0.19
Acres
4,061
SQFT
$880
$/SQFT
1946
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
Attention Developers/Builders/Investors - Incredible opportunity to build multi-family residences, small lot subdivision or value-add improvements on an oversized, flat lot of 8242 square feet in prime Venice. Unbeatable location on Park Avenue, a lush walk-street, just steps to the sand of Venice Beach and moments from Abbot Kinney, Main Street, Rose Ave and the Venice Canals. There are currently three buildings on the property which consists of a total of four units: two attached, two-bedroom, two and one-half bathroom townhome units and two detached, one-bedroom, one bathroom cottages, each with their own private entrances and front yards. There is onsite parking with eight tenant spaces and one guest parking space. The property is well-maintained and all units are tenant occupied. With a zoning of RD1.5, in the heart of Silicon Beach and close to Facebook, Google and Snapchat headquarters, this is a rare opportunity to develop an extraordinary luxury housing project. Do not miss this opportunity.
Exterior Features

Exterior Construction Stucco Lot Description Fenced YardFront YardLot-Level/FlatLot Shape-Rectangular Lot Location Corner Lot Lot Size Area 8247 Other Structures None Parking Garage AssignedParking For Guests - OnsiteUncovered Paved YN Yes Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Style Craftsman Tennis Court None Tennis YN No Total Parking 9

Interior Features

Bathroom Features Powder RoomShower StallShower Over Tub Baths Total 6.00 Common Walls Attached Cooking Appliances Cooktop - GasRangeOven Cooling None Den No Dining Room No Equipment CableDishwasherStackable W/D HookupRefrigeratorRange/OvenGarbage Disposal Family Room Yes Fireplace Rooms Living Room Flooring Wood Heating Wall Rooms BreakfastFamily RoomPowderAttic Water Heater Features Water Heater Unit

Property Features

Assessed Total Value 547781 Gardener Expense 1200.00 Gross Income 180756 Gross Operating Income 180756 Insurance Expense 1000.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 1000.00 Net Operating Income 170000.00 Number Of Buildings 3 Number Of Units 4 Sale Type Standard Security Features Smoke DetectorCarbon Monoxide Detector(S) Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 10800 Trash Expense 1000.00 Type Of Units Th & Cottage Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of G Giovanni Giammarco DRE# of The Agency.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T23:42:24.463. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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