$2,384,300
$2,688,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
2411 Ocean Ave Venice, CA 90291
5 Beds
3 Baths
2,424 SqFt
Key Details
Sold Price $2,384,300
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,424 sqft
Price per Sqft $983
MLS Listing ID 23-309587
Sold Date 10/11/23
Style Modern
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2007
Lot Size 2,701 Sqft
Acres 0.062
Property Description
This striking Silver Triangle modern presents a rare investment opportunity for those seeking to enter the highly competitive Venice Beach real estate market. Located directly behind the famed Venice Canals and a block to the beach, this property is ideally situated for both resident-owners and renters alike. Morning surf runs are a breeze and sunset strolls along the canals wind into evening bliss out on Abbot Kinney- or just basking in the rooftop mountain views. Long term rental estimates for this duplex are $7850 for upstairs and $4500 for downstairs. Pivoting to short, or medium term, furnished rentals offers a even greater explosive opportunity for cash flow. The upper unit is perfect for an owner/user, and features 3 spacious bedrooms and 2 full bathrooms, along with the aforementioned epic roof deck for outdoor entertaining. This private roof deck includes a built-in BBQ and ample lounging areas with beautiful mountain and city views. Inside the upper unit, modern amenities abound, including a tankless gas hot water heater, central HVAC, and a built-in speaker system. The kitchen is truly remarkable, featuring Viking appliances and granite counters. Hardwood floors are found throughout both units. Garage parking is shared with the ability to park 4 cars, a rarity for this neighborhood. Flexibility is key- each unit has a dedicated washer and dryer- in unit for upstairs and in the garage for downstairs. With its prime location and strong rental income, this property has the potential to generate long-term cash flow and appreciation. Looking for a deal? The owner will consider carrying a mortgage for 5 years @ 5% interest with 50% down! Whether you're an investor seeking a steady stream of AAA+ rental income or an owner-occupant looking to live the dream at the beach while generating income, this duplex is bringing the dream into reality.
Location
State CA
County Los Angeles
Area Venice
Zoning LARD1.5
Rooms
Other Rooms None
Dining Room 0
Kitchen Granite Counters
Interior
Interior Features Turnkey
Heating Central, Combination
Cooling Air Conditioning, Central, Wall Unit(s)
Flooring Hardwood
Fireplaces Type None
Equipment Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
Laundry In Closet, Garage
Exterior
Garage Garage - 4+ Car
Garage Spaces 4.0
Pool None
View Y/N Yes
View Mountains
Building
Lot Description Front Yard, Street Paved, Sidewalks
Story 2
Foundation Slab
Water District
Architectural Style Modern
Level or Stories Multi/Split
Structure Type Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard
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Bought with Gabriel Crouch
GUIDE SoCal
Broker | License ID: DRE#01976964