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    1172 Nelrose Avenue

    Venice, CA 90291
    • $1,790,000
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: SR21096139
    Price Reduced
    UPDATED: 171 min ago
    $1,790,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Attention Investors & Developers, here is a great and rear opportunity to purchase a property with great redevelopment potential or a safe investment for a savvy investor. One of the few lots with over 6000 sq. ft., that is located in an area with many new developments. There are two, two-bedroom units on this corner lot with only one neighbor on the east side. With the zoning LARD 1.5, there is immense upside potential that makes this location, a prime choice (Buyer to investigate all zoning questions and possible variances with the City). Located one block south-east of the intersection of Venice & Lincoln Blvd and within a short walk to the famous Boardwalk, About Kinney and many shops & restaurants, this truly is one of the best properties that Venice has to offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/116939290
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    1172 Nelrose Avenue Venice, CA 90291

    • Price: $1,790,000
    • Status: Active
    • Updated: 171 min ago
    • ID#: SR21096139
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1947
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Attention Investors & Developers, here is a great and rear opportunity to purchase a property with great redevelopment potential or a safe investment for a savvy investor. One of the few lots with over 6000 sq. ft., that is located in an area with many new developments. There are two, two-bedroom units on this corner lot with only one neighbor on the east side. With the zoning LARD 1.5, there is immense upside potential that makes this location, a prime choice (Buyer to investigate all zoning questions and possible variances with the City). Located one block south-east of the intersection of Venice & Lincoln Blvd and within a short walk to the famous Boardwalk, About Kinney and many shops & restaurants, this truly is one of the best properties that Venice has to offer.
    Exterior Features

    Fencing BlockWood Foundation Details Raised Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Features DrivewayGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type AlleyCity Street Road Surface Type Paved Roof Shingle

    Interior Features

    Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinylWood Heating Floor Furnace Heating YN Yes Interior Features All Bedrooms Down

    Property Features

    Additional Parcels YN No Common Interest None Community Features Storm Drain(S)Street LightsSidewalksUrban Electric Standard Garage YN Yes Gross Income 24756 Gross Scheduled Income 24756 Insurance Expense 1040 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 15945 New Construction YN No New Taxes Expense 23125 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 1 Operating Expense 24645 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays All Utilities Total Actual Rent 2063 Trash Expense 0 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer Available Water Source Public Zoning Lard1.5

    Listing provided courtesy of Bekim Hasani of Bh Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-27T00:25:16.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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