657 San Juan Ave, Venice, CA 90291

657 San Juan Ave, Venice, CA 90291

Venice, CA

Property Description

LOCATION, LOCATION, LOCATION! We are pleased to present 657 San Juan Ave in Venice. Located just up the street from Abbot Kinney Blvd and less than a mile from the beach, this charming triplex is tucked away in a quiet residential neighborhood, perfect for an owner-user and investor alike. The property consists of (2) 1-Bed/1-Bath Units, (1) Studio Unit, and a converted 3-car garage with ¼ Bath, currently operating as a creative studio/workshop that has historically generated up to $2,200/month. The back unit was fully renovated in 2001 and the front unit in 2006. The middle unit has undergone minor upgrades, including a brand-new refrigerator and fixtures. Exterior upgrades include double-pane vinyl windows, a new fence, a metal roof, tankless water heaters, most plumbing upgraded to copper & PVC, and the front unit and gates were recently painted. The back unit has a large private yard with a brand-new privacy gate. There is additional outdoor space in front of the garage with a sliding gate that locks. There is a laundry shed on-site with W/D hook-ups. Gas & electricity are metered separately. Tenants pay their own gas & electric. Landlord pays water & garage/exterior electric. There is a fourth electric meter for the garage that is not currently in use, ideal for a potential garage conversion/ADU build. Do not miss this opportunity to acquire a unique income property in the highly sought-after Venice market, steps from the infamous Abbot Kinney Blvd.

Property Features

  • Sale Price: $1,815,000
  • Area Size: 1,483 SF
  • Land Area: 5,215 SF
  • Year Built: 1952
  • Listing Date: 11/19/2020
  • Closing Date: 4/9/2021
  • Units: 3
  • Price Per Unit: $630,000
  • Current NOI: $67,304

Lyon Stahl Investment Real Estate

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