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712 Sunset Ave, Venice, CA 90291

Sale Price: $1,400,000
May 20, 20241,598 sqft3 beds2 baths
Listed by: Rinde Philippe
License #: 01895315
Phone #: 310-422-9001
Berkshire Hathaway HomeServices California Properties
Source:
CRMLS Logo
MLS #: 24393417

Property Description

Step into your next lucrative investment an enchanting duplex that perfectly captures the essence of Venice living. Priced to sell with a 4% cap rate, this property offers endless opportunities for investors and owner-users. Situated on a prime lot just west of Lincoln, this duplex features two storybook cottages, each exuding unmatched charm and character. Located within walking distance to the trendy Main Street, Rose Avenue, and the vibrant Abbot Kinney Boulevard and only a short stroll to the beach, these cottages offer unparalleled access to Venice's best dining, shopping, and coastal experiences. The front cottage is a two-bedroom, one-bath haven combining classic charm and modern comfort. This space feels cozy and inviting with its dramatic vaulted ceilings, dark wooden beams bathed in natural light from elegant white shutters, and a skylight, which pours in a perfect luminosity blend. Speckled granite countertops meet antique white cabinetry, featuring glass and mesh-screened doors, creating a functional and aesthetically pleasing space. Hardwood floors, ample closet space, and thoughtful storage solutions make this cottage a dream home or a high-demand rental. The rear cottage is a cozy one-bedroom, one-bath retreat nestled in lush greenery that provides a peaceful and private setting. Inside, the living and dining areas feature white wainscoted ceilings and walls, complemented by built-in cabinetry, radiating classic elegance and warmth. The kitchen, with its sleek quartz countertop and all essential appliances, ensures convenience and style. A versatile back garage adds extra value with laundry facilities and space perfect for a study or personal retreat. The verdant garden oasis, adorned with lush foliage and vibrant flowers, offers tranquil seating areas for relaxation or intimate gatherings. This property is not just a home, it's an opportunity. Whether you choose to owner-occupy one of the units and offset your mortgage by collecting rent from the second unit or leverage it as an investment for your 1031 exchange, the potential for value appreciation is immense. Venice is an eclectic town that attracts a diverse crowd; everyone feels part of the community. This essence of inclusivity and vibrancy will only strengthen with time, making this property a wise investment for the future. The possibilities are endless consider converting the garage for additional income, expanding the existing units, or simply enjoying the lush backyard as your oasis. With independent electric and gas meters for each unit, managing this property is simple and efficient. Whether you want to expand your investment portfolio or seek a unique living opportunity, this duplex delivers on all fronts. Its location in one of the most coveted neighborhoods in Venice ensures a steady stream of potential tenants and an irresistible lifestyle for residents. Act quickly properties like this are rare in such a desirable location. Secure this gem today and start reaping the rewards of Venice's vibrant rental market.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,079

TurboHome Estimated Value

$1,413,300

$884 sqft

High Valuation
$1,483,965
$929/sqft
Normal Valuation
$1,413,300
$884/sqft
Low Valuation
$1,342,635
$840/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$884/sqft$1,413,300

Neighborhood: Venice

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Comparative Value

$1.40M

$1.49M

$1.55M

$1.81M

$1.89M

$1.96M

712 Sunset Ave, Venice, CA 90291

Sale Price: $1,400,000

Selected Comparable

712 Sunset Ave, Venice, CA 90291

List Price: $1,488,000

Subject Property

713 Flower Ave, Venice, CA 90291

Sale Price: $1,550,000

Selected Comparable

708 Sunset Ave, Venice, CA 90291

Sale Price: $1,810,389

Selected Comparable

540 1/2 Vernon Ave, Venice, CA 90291

Sale Price: $1,894,929

Selected Comparable

724 Flower Ave, Venice, CA 90291

Sale Price: $1,960,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
712 Sunset Ave, Venice, CA 90291

712 Sunset Ave, Venice, CA 90291

List: $1,488,000

Listed: 5/20/2024

Area:1,598 sqft
Price/sqft:$931
Beds:3
Baths:2
Year Built:
Lot Size:4,802

Comparable Properties

COMPARABLE
Choose comps
712 Sunset Ave, Venice, CA 90291

712 Sunset Ave, Venice, CA 90291

Sale: $1,400,000

10/4/20240.00 mi

Area:1,598 sqft
Price/sqft:$876
Beds:3
Baths:2
Year Built:
Weight:22.6%
708 Sunset Ave, Venice, CA 90291

708 Sunset Ave, Venice, CA 90291

Sale: $1,810,389

10/2/20240.01 mi

Area:1,495 sqft
Price/sqft:$1,211
Beds:3
Baths:2
Year Built:
Weight:21.6%
724 Flower Ave, Venice, CA 90291

724 Flower Ave, Venice, CA 90291

Sale: $1,960,000

10/17/20240.07 mi

Area:1,279 sqft
Price/sqft:$1,532
Beds:3
Baths:2
Year Built:
Weight:19.3%
713 Flower Ave, Venice, CA 90291

713 Flower Ave, Venice, CA 90291

Sale: $1,550,000

3/12/20250.11 mi

Area:1,680 sqft
Price/sqft:$923
Beds:2
Baths:2
Year Built:
Weight:18.5%
540 1/2 Vernon Ave, Venice, CA 90291

540 1/2 Vernon Ave, Venice, CA 90291

Sale: $1,894,929

8/12/20250.25 mi

Area:1,822 sqft
Price/sqft:$1,040
Beds:2
Baths:2
Year Built:
Weight:18.1%

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