Great vintage triplex in the heart of Venice, California, 1/2 block west of Lincoln Blvd., close to all shopping & restaurants. This well-maintained income property has HUGE upside potential to add sq. footage to the existing three units and add a fourth ADU unit at the rear of the property. Currently there is one 2+1 home at the front of the property with a front garden area, and a duplex at the rear of the property with two 1+1 units. One of the duplex's 1+1 units is owner occupied. A rear gated parking area at the rear of the property measuring approximately 18 ft. X 40 ft. is accessed from the laneway and this parking area has the potential to build a fourth ADU unit over top of a 4-car carport. Huge upside potential on this property. Lots of outside areas to upgrade also. The gross yearly rent income of $53,100. shown in the listing is just for the two existing tenants and does not include the rent potential of the Seller's 1+1 unit which will be delivered vacant. Showing of ONLY the Seller's 1+1 unit with an accepted offer. Property to be sold completely 'as is'. ONLY all cash offers w / P.O.F. s will be considered. Escrow to be 21 days or sooner. Please contact the agent with any questions regarding the property.
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