Active

$1,790,000

Features:
  • 10 Bedrooms
  • 8 Bathrooms
  • 7422 sq ft
Overview
  • ID: MFRA4653742
  • Bedrooms: 10
  • Bathrooms: 8
  • Size: 7422 sq ft
Property Details
Remarks
Unmatched Island Investment Opportunity – Steps from Venice Beach & Downtown NO FLOOD ZONE Welcome to 701 W Venice Avenue—an exceptional multifamily property ideally located just one block from Venice Beach and a short stroll to historic downtown Venice. Rarely does a location offer this level of convenience, charm, and income potential in the heart of Venice Island. Situated on a prime beach-side corner lot, this updated and well-maintained fourplex offers four private-entry units, each with separate water and electric meters. Unit Breakdown: • Unit A – 2 bedrooms, 2 baths, approx. 1,129 SF • Unit B – 2 bedrooms, 2 baths, approx. 1,578 SF • Unit C (Owner’s Unit) – 4 bedrooms, 2.5 baths, approx. 3,013 SF • Unit D – 2 bedrooms, 2 baths, approx. 1,578 SF All units feature: • Porcelain tile flooring • In-unit washers and dryers • Private entrances and screened outdoor living spaces (lanai or balcony) Unit C stands out as the owner’s residence or premium rental, offering expansive living areas, a large screened lanai, level 3 granite countertops, and premium finishes throughout—truly lives like a single-family home. Property Highlights: • Zoned for daily, weekly, monthly, or annual rentals – full flexibility to maximize income • New roof (2024), updated electrical panels, and three newer HVAC systems • Hurricane shutters, enclosures, and private outdoor spaces for each unit • Electric security gate leading to pavered parking for up to 7 vehicles, including covered spaces • Professionally landscaped grounds with well-fed irrigation – no water cost for landscaping To ensure peace of mind, the entire property has been professionally inspected by Peace of Mind Home Inspections, a trusted local company with over 30 years in business. The comprehensive inspection (valued at $2,000) has already been completed and paid for—offering transparency and confidence to any savvy investor. Prime Beachside Corner Lot Zoned for Short-Term Rentals Turnkey, Fully Inspected Income Asset This is truly one of the most desirable and versatile multifamily properties on Venice Island. Whether you’re seeking a live-and-lease lifestyle or looking to generate high-income returns, 701 W Venice Avenue delivers unmatched value, luxury, and location. Don’t miss your chance to own this rare, income-ready gem just steps from the sand.
Financial Considerations
Price:
$1,790,000
HOA Fee:
N/A
Tax Amount:
$12970.38
Price per SqFt:
$241.17
Tax Legal Description:
CASA DI COSTA LOT 16 BLK 29 GULF VIEW SEC OF VENICE OR 466-126
Exterior Features
Lot Size:
12000
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned, Golf Cart Parking
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
10
Bathrooms:
8
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Furnished:
No
Floor:
Carpet, Ceramic Tile, Tile
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1980
Construction Type:
Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Hurricane Shutters, Lighting, Sliding Doors, Storage
Additional Features 2:
N/A
Map
  • Address
    701 W VENICE AVE #C
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