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$1,875,000

Beds
4
sq ft
1,960

312 Market St, Venice, CA 90291

312 Market St

Venice, CA 90291

  • 70 days on market
Exciting Opportunity in Venice Beach Charming Renovated Duplex with Endless Potential! Discover this beautifully renovated Venice Beach duplex, where one vacant unit is ready for immediate occupancy! The vacant unit boasts a spacious 2-bedroom, 2-bathroom layout with a private front and backyard and includes a vacant garage with storage space that is ideal as a home office, gym, media room or creative office; while the second unit offers a comfortable 2-bedroom, 1-bathroom design. This is the perfect opportunity for owner-users to live in one unit while renting the other or to vacate 2nd unit and occupy both units as well as for investors to rent out both units. The fully renovated downstairs unit, (with permits), features a custom kitchen adorned with modern cabinets, designer tiles, and sleek matte black fixtures. Enjoy new flooring, windows, and recessed lighting throughout, as well as two stylish full bathrooms with floating vanities. The unit also includes a new mini-split HVAC system for air conditioning and heating, in-unit laundry, and stainless steel appliances. Step outside to your private front and back yard perfect for relaxing or entertaining guests. This duplex is an exceptional opportunity for discerning buyers, whether you're seeking a smart investment or a home where you can live in one unit while generating income from the other. Located just moments from Abbot Kinney and the iconic Venice Beach, this property offers the best of California living in a vibrant, historic neighborhood. Additionally, there are preliminary plans to add two detached ADUs in the back, the potential for increased value and future growth is significant. Embrace the Venice lifestyle spend your days on the beach, shopping, and dining on Abbot Kinney, and savor the endless California summer in this dream property.

Details

Property type

Est. home value

$1,831,786

Property condition

Updated/Remodeled

Lot size

2,848 sq ft

Price per sq ft

$957

Year built

1938

HOA

No

Price History

09/30/2024
CLAW

CLAW #24435739

Listed
$1,875,000
09/23/2024
CLAW

CLAW #24435739

Pending
$1,875,000
09/04/2024
CLAW

CLAW #24435739

Listed
$1,875,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Genesis Capital Llc

Loan start date

October 2023

Original loan amount

$1,594,100

Est. remaining balance

Not provided

Interest rate

7.23%

Loan type

Building or Construction Loan

Seller

Burbank Apartments Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 5:45 PM

Listing updated: 11/03/2024 at 11:40 AM

Listed by: Sandra Miller, ENGEL & VÖLKERS Santa Monica Phone #: (310) 460-2525

MLS: CLAW #24435739

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