728 Vernon Avenue

728 Vernon Avenue

Venice, CA 90291

$2,899,000
Price
5
Beds
4
Baths
2,766 Sq. Ft.
$1,048 / Sq. Ft.
2,766
Sq. Ft.
$1,048
per Sq. Ft.
a view of a house with potted plants
a front view of a house with a yard
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a table
a living room with furniture and a couch
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances a stove a sink a microwave a refrigerator and cabinets
a view of a workspace with furniture and wooden floor
a kitchen with white cabinets and stainless steel appliances
a living room with furniture and a couch with wooden floor
a living room with furniture and a flat screen tv
a kitchen with a refrigerator a stove top oven a sink dishwasher and wooden floor
a bathroom with a sink toilet and a mirror
a bathroom with a bathtub and sink
a bedroom with a bed a dresser and a window
a bedroom with a bed and windows
a utility room with dryer and washer
a view of storage and utility room with washer and dryer
a view of a house with a yard
a picture of outdoor space
a view of empty room with stairs
a picture of a pathway of a building
a view of a backyard
a view of entryway and hall with wooden floor
a view of entryway
a living room with furniture and a large window
a room with wooden floor and furniture
a living room with furniture and a rug
a living room with furniture and flat screen tv
a living room with furniture a flat screen tv and a fireplace
a room with a table and chairs
a kitchen with a stove and a microwave
a kitchen with a table chairs sink and wooden floor
a kitchen with a stove a sink and a microwave
a view of a balcony and mountain view
a view of a hallway with washer and dryer
a bathroom with a granite countertop sink a toilet and shower
a bathroom with a sink toilet and shower
a large bed sitting in a bedroom next to a window
a bedroom with bed and wooden floor

Description

VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows,...VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. All units will be delivered vacant with rti permits to build a new single family house on the front unit at close of escrow!
  1. Listed by Salar Farshchi Tabrizi • DRE #02095885 • Brokerage DRE #01811831 • Equity Union • 919-702-6650
  2. Listed by Demetra Kalivas-Rees • DRE #01165518 • Brokerage DRE #01811831 • Equity Union

Property Details for 728 Vernon Avenue

Architectural Style
See Remarks
View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885; Equity Union, Demetra Kalivas-Rees, DRE #01165518
Add your commute
LISTING UPDATED: 04/22/2024 08:57 AM

Property Details for 728 Vernon Avenue

StatusActive
MLS #SR24075666
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.11 AC / 4,802 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885; Equity Union, Demetra Kalivas-Rees, DRE #01165518
Add your commute

Building Information for 728 Vernon Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.11 AC / 4,802 SF

Payment Calculator

$18,326 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,821

Property Taxes

$2,505

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 728 Vernon Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $149,575
  • Gross Scheduled Income: $174,000
  • Net Operating Income: $141,000
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $31,000
Tax / Assessment Info
  • Tax Tract Number: 1694
  • Tax Census Tract: 2732.00
  • CFD/Mello-Roos Fee: $433
  • Tax Lot: 7
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater
  • Equipment: Dishwasher, Dryer, Dryer Included, Microwave, Refrigerator, Washer, Washer Included
  • Interior Features: Furnished, Quartz Counters, Recessed Lighting
  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Drywall Walls
  • Roof: Asphalt, Shingle
  • Entry Location: Street
  • Fence: Yes
  • Fence: Privacy, Wood
  • Fencing: Privacy, Wood
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $3,116
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $3,116
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $3,116
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $3,116
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 728 Vernon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 728 Vernon Avenue

Taxable ValueLand$2,102,356Additions$367,911Total$2,470,267
Tax Record2023$30,061 ($2,505 / month)
Home Facts
Total Finished SqFt2,766 SqFtAbove Grade Finished SqFt2,766 SqFtLot Size4,802 SqFtStyleQuadraplexYear Built1952ZoningLARD1.5CountyLOS ANGELESAPN4239-004-007

Schools near 728 Vernon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Walgrove Avenue Elementary School
Public - K to 5
Broadway Elementary School
Public - K to 6
Mark Twain Middle School and World Languages Magnet
Public - 6 to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Walgrove Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

Mark Twain Middle School and World Languages Magnet
Public6 to 8

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.

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More information about 728 Vernon Avenue, Venice, CA 90291

728 Vernon Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on April 15, 2024 by Equity Union, it's currently listed at $2,899,000. It has been on the market for a total of 18 days and was last sold on June 28, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Walgrove Avenue Elementary School and Broadway Elementary School. 728 Vernon Avenue is a 5-bed, 4-bath, 2,766 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Salar Farshchi Tabrizi, DRE #02095885; Equity Union, Demetra Kalivas-Rees, DRE #01165518

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.