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$ 2,250,000
Est. payment /mo
Price Dropped by $425K
40 30th AVE Venice, CA 90291
5 Beds
4 Baths
3,270 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $688
MLS Listing ID 26942891
Bedrooms 5
HOA Y/N No
Year Built 1969
Lot Size 2,966 Sqft
Property Description
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. NOTE** Income includes a non-guaranteed scenario of operating mid-term rentals with the non-conforming studio units. Buyer to independently verify allowability and feasibility of such mid-term rentals.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Heating Central, Electric
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Covered, Door-Single, Garage
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4226023026
Special Listing Condition Standard
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652