Venice, CA 90291,2411 Ocean AVE,Video Tour

$2,384,300

Est. payment /mo

$2,688,000

11.3%
Est.Price: ?

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2411 Ocean AVE Venice, CA 90291

5 Beds

3 Baths

2,424 SqFt

SOLD DATE : 10/11/2023

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 23309587

Sold Date 10/11/23

Bedrooms 5

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2007

Lot Size 2,700 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 C11 - Venice

Zoning LARD1.5

Rooms

Ensuite Laundry Laundry Closet, In Garage

Interior

Interior Features Ceiling Fan(s), Separate/Formal Dining Room, Walk-In Closet(s)

Laundry Location Laundry Closet,In Garage

Heating Combination, Central

Cooling Central Air

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Closet, In Garage

Exterior

Pool None

Community Features Gated

View Y/N Yes

View Mountain(s)

Porch Covered, Rooftop

Total Parking Spaces 4

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Multi/Split

Foundation Slab

Water Public

Architectural Style Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4227013020

Security Features Gated Community

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gabriel Crouch • Gabriel Crouch
Bought with Gabriel Crouch • Gabriel Crouch

GUIDE SoCal

Broker | License ID: DRE#01976964

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