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$2,579,000
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Venice Area Multi-Family Home

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340 Rennie Ave Venice, CA 90291

5 Bed
5 Baths
2283 sqft
MLS# 24-464397
Welcome to 340 Rennie Avenue in the vibrant Venice, CA a standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, one-bathroom layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room. Nestled at the back is a cozy studio unit, providing a tranquil escape within your personal oasis. Perfectly situated in Venice's coveted Rose corridor, this residence enjoys close proximity to Abbot Kinney, Venice Beach, and Main Street, granting residents easy access to the vibrant local lifestyle and amenities. Explore trendy boutiques, acclaimed dining spots, and the iconic Venice Beach boardwalk, all just a stone's throw away. Whether you envision residing in one unit while generating income from the others or seek a lucrative investment opportunity with promising rental returns, 340 Rennie Avenue delivers a harmonious blend of prime location, versatile living spaces, and great potential. Embrace the chance to own a slice of Venice's sought-after real estate market. Contact us today to schedule a viewing and seize this exciting prospect for lucrative rental income. Middle unit is occupied and can be shown after an accepted offer .
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Joel Newton
$990,000
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Los Angeles Area Multi-Family Home

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1819 S Normandie Ave Los Angeles, CA 90006

6 Bed
4 Baths
3388 sqft
MLS# 24-456627
Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- **Spacious Living**: The property features two separate buildings totaling **3,388 square feet** of living space, situated on a generous **4,556 square foot lot**.- **Zoned for Development**: The property is zoned R2 and qualifies for **TOC Tier 1 benefits**, opening doors for potential future development and an attractive prospect for savvy investors.- **Stable Income**: With all tenants currently in place, this triplex has proven to be a stable investment; all tenants have consistently paid their rents throughout the pandemic. Prime Location:- Just **2 miles east of Downtown LA** and **2 miles north of USC**, this property offers an enviable location that is both accessible and vibrant.- **Centrally Located**: Convenient access to public transit, shopping, trendy dining, and excellent schools makes this an ideal locale for tenants, ensuring lower vacancy rates and high demand. Ideal for Investors This triplex is a great fit for anyone looking for a **stabilized asset** or a safe **1031-exchange replacement**. Its strong rental history and strategic location make it a wise investment move. Affordable Financing Options: We welcome FHA, VA, and first-time home buyer programs! Don't miss this opportunity to make a strategic investment or become a homeowner in one of LA's most dynamic neighborhoods. Seize the chance to own a piece of prime real estate near Downtown LA today! Whether you're an investor looking for a reliable income source or a first-time homebuyer looking to break into the real estate market, this triplex is waiting for you.
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Joel Newton