Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

3,270 sqft

Lot size

2,967 sqft

Year built

1969

Stories

2

Heating

Electric,Central

Cooling

Central Air

Status

Active

Days on market

10

MLS #

246624567

About this property

1 BLOCK FROM THE BEACH! A rare opportunity to own a heavily updated duplex in a prime part of Venice with on-site parking. 40 30th Avenue is ideally positioned just steps from the beach and around the corner from the restaurants, shops, and neighborhood favorites along Washington Blvd.The property has been extensively and tastefully updated. Both units were fully remodeled, and significant building upgrades include fully updated electrical system/meters, updated windows, copper plumbing and a new roof installed in 2022. Adding to the property's upside and value-add play are two non-conforming studio units, providing a new owner with some exciting options such as mid-term rentals (Buyer to verify). One of them has been fully remodeled and offers the possibility of permitting it to become an ADU. Buyer to verify allowability with the City. The other unit could offer an owner the option of a work office or creative studio space. This gem offers proximity to the beach with three on-site parking spaces including one enclosed garage. The large private patio is perfect for entertaining, relaxing, and enjoying the sun and coastal air of beach city life. With its prime location near the sand and Washington Boulevard, remodeled units, significant capital improvements, valuable on-site parking, and flexible additional spaces, 40 30th Avenue, represents a truly unique Venice offering with multiple paths for an investor to enjoy and unlock additional value.

Location

40 30th Avenue

Venice, Los Angeles, CA, 90291