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    615 Olive Ave

    Venice, CA 90291
    • $1,760,000
    • STATUS: Closed
    • ON SITE: 96 days
    • ID#: 20-658964
    Sold - 02/26/2021
    $1,760,000
    SOLD - 02/26/2021
    • 3
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,479
      SQFT
    • $1,190
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Description

    Prime Silver Triangle Triplex, investment opportunity in the heart of Venice! Situated in the best location, this beautifully maintained triplex offers charming 1 Bed/1 Bath units with large detached garages and courtyard space for each unit. One unit is vacant and offers you the chance to live in one unit while receiving income on the rest of the units. //We love: The opportunity to be an owner/user in a fully updated vacant unit in one of the most sought after locations on the Westside. Alternatively, you could lease the vacant unit at the market rate for a great investment! This quintessential property offers established tenants and complete privacy with lush landscaping. // The Neighborhood: Silver Triangle is located walking distance to the ocean, minutes from Abbot Kinney, Venice Canals, restaurants, farmers market, Erewhon - a truly historic neighborhood with once in a life time opportunity to own a great corner lot. Parking is easy and street is quiet. This is a MUST SEE.

    Sold by Natalie Stern Trabin BRE#01820065 of Compass.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T23:42:21.233. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.emansaridinhomes.com/homes/112287299
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    615 Olive Ave Venice, CA 90291

    • Price: $1,850,000
    • Status: Closed
    • ID#: 20-658964
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,479
    SQFT
    $1,190
    $/SQFT
    1925
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    Prime Silver Triangle Triplex, investment opportunity in the heart of Venice! Situated in the best location, this beautifully maintained triplex offers charming 1 Bed/1 Bath units with large detached garages and courtyard space for each unit. One unit is vacant and offers you the chance to live in one unit while receiving income on the rest of the units. //We love: The opportunity to be an owner/user in a fully updated vacant unit in one of the most sought after locations on the Westside. Alternatively, you could lease the vacant unit at the market rate for a great investment! This quintessential property offers established tenants and complete privacy with lush landscaping. // The Neighborhood: Silver Triangle is located walking distance to the ocean, minutes from Abbot Kinney, Venice Canals, restaurants, farmers market, Erewhon - a truly historic neighborhood with once in a life time opportunity to own a great corner lot. Parking is easy and street is quiet. This is a MUST SEE.
    Exterior Features

    Covered Parking 3 Cross Streets Olive Ave + Mckinley Ave Entry Location Ground Level W/Steps Levels Ground LevelOne Lot Description Alley PavedExterior Security LightsFencedFenced YardLandscapedYard Lot Location Corner Lot Lot Size Area 3602 Other Structures None Parking Garage GaragePrivate GarageGarage Is Attached Patio Features Patio Open Pool Description None Pool YN No Spa None Spa YN No Style California Bungalow Tennis Court None Tennis YN No Total Parking 3 View Description Tree TopCourtyard View YN Yes

    Interior Features

    Bathroom Features Shower And TubRemodeled Baths Total 3.00 Bedroom Features Main Floor Bedroom Common Walls Attached Cooking Appliances Oven-Gas Cooling Ceiling Fan Den No Dining Room No Equipment Garbage DisposalRefrigeratorRange/OvenFreezerGas Or Electric Dryer Hookup Family Room No Fireplace Rooms None Flooring Hardwood Heating Central Interior Features Recessed LightingTurnkey Kitchen Features RemodeledOpen To Family Room Laundry OtherLaundry Area Rooms Breakfast BarLiving RoomPatio OpenMaster Bedroom

    Property Features

    Entry Floor Number 1 Gross Income 120000 Gross Operating Income 120000 Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 84000.00 Number Of Buildings 1 Number Of Units 3 Property Condition Updated/Remodeled Sale Type Standard Security Features Gated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 84000 Type Of Units Bungalow Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Penny Muck DRE#01820065 of Halton Pardee And Partners, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-06T23:42:21.233. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Eman Saridin with RE/MAX of Santa Clarita
    25129 The Old Road STE #114
    Santa Clarita CA, 91381