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$ 2,200,000
Est. payment | /mo
4 Beds
2 Baths
1,425 SqFt
$ 2,200,000
Est. payment | /mo
4 Beds
2 Baths
1,425 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,425 sqft
Price per Sqft $1,543
MLS Listing ID 26987857
Bedrooms 4
HOA Y/N No
Year Built 1923
Lot Size 5,797 Sqft
Property Description
Rare Venice investment opportunity west of Lincoln! Located in the desirable Oakwood neighborhood, 767-769 Sunset Ave is a charming two-on-a-lot duplex offering two private 2-bedroom, 1-bath residences, strong in-place rental income, outdoor living spaces and future potential. Set on an approximately 5,797 sq. ft. lot, the property blends classic California bungalow character with thoughtful updates and the privacy of two separately situated homes. The front residence is filled with charm and character, featuring hardwood floors, abundant natural light, EV charging capability, a welcoming front porch and mature landscaping. A long gated driveway provides off-street parking and leads to a detached 2-car garage. The unit also enjoys its own front yard and private rear patio area. Privately positioned toward the rear of the property, the second residence has been updated with hardwood flooring, a newer kitchen featuring contemporary cabinetry, stone-style countertops and stainless-steel finishes, plus an updated bathroom with a tiled walk-in shower. The residence offers its own private entrance and outdoor spaces, including a tranquil garden setting with pond/water feature and a separate backyard. A detached converted garage/flex space provides additional functionality for a home office, studio, fitness area or other ancillary use. Buyer to verify permits and allowable use. Both residences include HVAC and are currently leased at strong in-place rents totaling approximately $8,999 per month / $107,988 annually, offering immediate income for an investor. Tenants pay applicable utilities, with water/sewer paid by the owner per seller-provided information. The approximately 5,797 sq. ft. parcel is zoned LARD1.5, adding another dimension of potential for buyers interested in exploring future renovation, expansion or redevelopment, subject to City of Los Angeles, Coastal Zone and other applicable requirements. Buyer to independently verify zoning, permits, development potential and allowable uses. Enjoy a prime Venice location convenient to Abbot Kinney Blvd, Rose Ave, Main Street, Venice Beach, the Venice Canals and Marina del Rey, with an outstanding collection of restaurants, cafs, shopping and recreation nearby. Whether held as an income-producing property, improved over time or evaluated for future development possibilities, this distinctive Venice duplex offers an appealing combination of location, income, privacy and long-term potential.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Rooms
Other Rooms Shed(s)
Interior
Heating Central
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 3
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 4240017073
Special Listing Condition Standard
Listed by Johan Cisneros Pacific Properties Realty Group #01309940
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