108-110 Rees Street

Venice, CA 90293

$2,250,000
Last Sold Price
6
Beds
5
Baths
2,866 Sq. Ft.
$785 / Sq. Ft.
2,866
Sq. Ft.
$785
per Sq. Ft.

Description

This is a phenomenal property in the heart of Playa del Rey, just a stone's throw from the beach; Upstairs is #110, with high ceilings and an amazing ocean-view rooftop deck. This is an exciting opportunity for investors or owner users looking for a trophy property in a premium location, ideal for someone seeking a live-in investment. Great size units, combined, almost 3,000 sq ft. Unit 108 on the street level boasts an airy 3-bedroom, 2-bathroom layout (approx. 1100 sq ft.) and has a large enclosed...This is a phenomenal property in the heart of Playa del Rey, just a stone's throw from the beach; Upstairs is #110, with high ceilings and an amazing ocean-view rooftop deck. This is an exciting opportunity for investors or owner users looking for a trophy property in a premium location, ideal for someone seeking a live-in investment. Great size units, combined, almost 3,000 sq ft. Unit 108 on the street level boasts an airy 3-bedroom, 2-bathroom layout (approx. 1100 sq ft.) and has a large enclosed backyard/garden area with a partially covered patio. Unit 110 on the 2nd floor is a 3-bedroom, 3-bathroom layout, with plenty of natural light pouring in through large windows, creating an inviting atmosphere. Custom-designed kitchen and bathrooms, newer windows and blinds, tile flooring throughout, and some extra storage. All stainless-steel appliances, gas stove/range, and full-sized, in-unit washer and dryer. North and South-facing balconies and a large split-level roof deck showcasing vast ocean and sunset views. Stylish tile and stone accented bathrooms, high ceilings, and hardwood floors throughout full-size unit with washer and dryer. 2 private car garages, 5 fireplaces, and laundry hook up in both units. Located near the stunning California beach, residents can enjoy a morning swim or surfing. The property provides a laid-back beach lifestyle while offering quick and easy access to local amenities such as fine dining, boutique shopping, parks, and the marina. It is in a vibrant neighborhood embodying the iconic SoCal beach town vibe. While ideally suited for tranquil beachfront living, it's also well-positioned near significant freeways for a seamless commute to Downtown LA, Santa Monica, or other neighboring cities. Don't miss this rare chance to acquire a remarkable property in one of Southern California's most desirable beach communities. Make this beachside property your next move! The downstairs unit is currently vacant and the upstairs tenant is month-to-month and can be delivered vacant.
  1. Listed by Anthony Marguleas • DRE #01173073 • Brokerage DRE #01834648 • Amalfi Estates

Property Details for 108-110 Rees Street

Zoning
LAR3
Parcel Number
4116033020
Total Units
2.0
Living Area
2866
Source Living Area
Appraiser
Area
Playa Del Rey (C31)
Vacancy Rate
0
Lot Size Area
2552

Location

Listing Courtesy of Amalfi Estates, Anthony Marguleas, DRE #01173073

Sold By Fathom Realty Group Inc., Jon Schwartz, DRE #02123925

Add your commute
LISTING UPDATED: 01/30/2024 11:32 AM

Property Details for 108-110 Rees Street

StatusSold
MLS #23-275237
Days on Market103
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.06 AC / 2,552 SF
CountyLos Angeles County

Location

Listing Courtesy of Amalfi Estates, Anthony Marguleas, DRE #01173073

Sold By Fathom Realty Group Inc., Jon Schwartz, DRE #02123925

Add your commute

Building Information for 108-110 Rees Street

Stories2Residences-Year Built1956Building Size-Lot Size0.06 AC / 2,552 SF

Payment Calculator

$12,279 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 108-110 Rees Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplexes
  • Sewer: In Street
Contract Info
Contract Info
  • Disclosures: Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $114,600
  • Net Operating Income: $24,000.00
  • Gross Income: $114,600
  • Gross Rent Multiplier: $23.00
  • Total Annual Expense: 90000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0586
  • Lot Size Square Feet: 2552
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car
  • Total Parking: 1
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Single Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-02-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,050.00
  • Unit Actual Rent: $4,050.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 108
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 110
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $348,117.00
  • Assessed Improvement Percent: 24.0
  • Assessed Land Value: $1,102,379.00
  • Assessed Land Percent: 76
  • Assessed Total Value: $1,450,496.00

Property History for 108-110 Rees Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 108-110 Rees Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Amalfi Estates, Anthony Marguleas, DRE #01173073

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.