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$350,000

Est. payment - /mo

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1 BD

1 BA

870 SqFt

Active Under Contract

717 Venice BLVD Venice, CA 90291

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Alyssa Stalker

alyssastalker@epique.me +1(805) 796-3496

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 870 sqft

Price per Sqft $402

MLS Listing ID 24421457

Bedrooms 1

Full Baths 1

Condo Fees $514

Construction Status Updated/Remodeled

HOA Fees $514/mo

HOA Y/N Yes

Year Built 2017

Lot Size 8,150 Sqft

Property Description

Curious about a non-typical real estate investment - learn more about this interesting investment opportunity in the heart of Venice. Here is how it works: 1) You buy this *DEED-RESTRICTED* unit at the list price, which is less than 50% of market value. 2) You rent it out to a low-income eligible household at a current maximum allowable rent of $1,178, subject to annual rental increases, for at least 24 years. 3) After the Covenant expires, you can rent or sell it at then-market value (subject to tenant's rent control rights at that time). 4. Your gain is 24+ years of appreciation in the Venice market, plus the gain for buying it far below market value today. // This is a DEED-RESTRICTED UNIT and must be rented to a low-income eligible household at a maximum allowable rent of $1,178 per month. Buyer will be required to execute a Consent Agreement with the City of Los Angeles agreeing to the Assignment and Assumption of the Restriction Covenant on the property. // Experience the epitome of California living in this stunning 1-bedroom, 1-bath condo located in the heart of Venice. The open-concept floor plan seamlessly integrates indoor and outdoor spaces, highlighted by floor-to-ceiling sliding doors that open to your private patio perfect for soaking up the sun and enjoying the coastal breeze. Inside, the light-filled unit boasts a sleek open kitchen with waterfall-style countertops and bar seating, complemented by warm wood floors that flow throughout the main living area. The bedroom is a tranquil retreat and includes a walk-in closet and access to the private patio. This home also offers the ultimate convenience with in-unit laundry, a split-unit HVAC system, a tankless water heater, and a parking spot located just steps from your door. Situated in a prime location, you'll find yourself surrounded by the best amenities Los Angeles has to offer. Savor the flavors of renowned restaurants on Abbot Kinney, relax in fabulous coffee shops, and shop at the exclusive Erewhon market just steps from your door. Live the vibrant Venice lifestyle in a home that truly has it all.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAR2

Rooms

Ensuite Laundry Inside

Interior

Interior Features Separate/Formal Dining Room, Eat-in Kitchen, Open Floorplan, Recessed Lighting

Laundry Location Inside

Heating Wall Furnace

Flooring Tile, Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Oven, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Garage Covered, Carport

Pool None

View Y/N No

View None

Porch Open, Patio

Parking Type Covered, Carport

Total Parking Spaces 1

Private Pool No

Building

Story 2

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Pets Allowed Yes

Senior Community No

Tax ID 4241028022

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Pets Description Yes

Listed by Samantha Kinnon • Pardee Properties

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Alyssa Stalker

Agent | License ID: 02029894

+1(805) 796-3496 | alyssastalker@epique.me

Alyssa Stalker

717 Venice BLVD Venice, CA 90291

Alyssa Stalker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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717 Venice BLVD