Owner/User or Developer/Investor Venice income property opportunity! We are proud to to present and market 35 Navy St: 2 units in the heart of the creative community of Silicon Beach. The subject property consists of a spacious 2 bedroom, 2 bath owners unit and a 1 bedroom, 1 bath rental unit. The building was updated in 2005 and is approximately 2,000 square feet. The lot is 2,950 square feet (slightly larger than the typical Venice lot). Excellent location near Main Street, the sand, surfing, shopping, dining and nightlife. A charming and bright duplex home with 3 secure off-street parking spots. Tremendous upside potential. The 1 bedroom 1 bath unit is rented for $2,000 (under market value). The 2 bedroom, 2 bath owner's unit is probably rentable at $4,500 bringing the income potential to about $96,000 per year. Live in one and rent the other or this could ultimately be converted to a single family home.
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