657 San Juan Ave, Venice, CA 90291

657 San Juan Ave, Venice, CA 90291

Venice, CA
$1,815,000

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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