JUST LISTED! 709 Brooks Ave • Venice, CA
2 Unit Venice Beach Income Property
Amazing Spanish duplex with permitted bonus structure is perfect for an investor or owner occupant. Zoned LARD1.5 on ~5,225 square foot lot is perfect for future development and/or expansion. This classic duplex is positioned with a front 2+1 detached bungalow, permitted detached bonus room, 1+1 detached bungalow at the rear of the property as well as detached 1 car garage with bonus room attached to the garage. Driveway access off the alley and front of the property and a total of 4 structures creates limitless opportunities. Recent improvements include new copper plumbing, sewer line, roof, new water heaters and upgraded owners unit. The front 2+1 unit and detached bonus structure, and garage will be delivered vacant. GRM, Cap rate is based on Scheduled annual rents, current expenses and new estimated taxes. Property is located in the high-demand rental market of “Venice AKA Silicon Beach” and close to Venice Beach, Abbot Kinney, Venice Pier, Marina Del Rey, Main Street and Google.
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