VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. ALL UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!
Sold for $2,600,000
Listed by: Equity Union • Salar Farshchi Tabrizi • Contact: 818-989-2000
Bought with: Equity Union
$2,600,000
728 Vernon Ave, Venice, CA 90291
5beds
4baths
2,766sqft
Quadruplex
Built in 1952
-- sqft lot
$2,605,400 Zestimate®
$940/sqft
$7,120 Estimated rent
Home value
$2,605,400
$2.37M - $2.87M
$7,120/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Salar Farshchi Tabrizi DRE #02095885 919-702-6650,
Equity Union,
Demetra Kalivas-Rees DRE #01165518 818-430-4965,
Equity Union
Bought with:
Salar Farshchi Tabrizi, DRE #02095885
Equity Union
Source: CRMLS,MLS#: SR24075666
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Features
- Furnished, Quartz Counters, Recessed Lighting
- Flooring: Vinyl
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,766
- Total interior livable area: 2,766 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Street
- Pool features: None
- Spa features: None
- Fencing: Privacy,Wood
- Has view: Yes
- View description: None
Lot
- Size: 4,802 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 4239004007
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Quadruplex
Materials
- Drywall
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Sidewalks, Urban
Location
- Region: Venice
Financial & listing details
- Price per square foot: $940/sqft
- Tax assessed value: $2,652,000
- Annual tax amount: $31,972
- Date on market: 4/16/2024
- Cumulative days on market: 21 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | $2,600,000-10.3%$940/sqft |
Source:  CRMLS #SR24075666 Report a problem | ||
| 6/24/2024 | Pending sale | $2,899,000$1,048/sqft |
Source: CRMLS #SR24075666 Report a problem | ||
| 5/9/2024 | Contingent | $2,899,000$1,048/sqft |
Source: CRMLS #SR24075666 Report a problem | ||
| 4/17/2024 | Listed for sale | $2,899,000+23.4%$1,048/sqft |
Source: CRMLS #SR24075666 Report a problem | ||
| 8/9/2019 | Sold | $2,350,000+4.4%$850/sqft |
Source: Public Record Report a problem | ||
| 7/12/2019 | Pending sale | $2,250,000$813/sqft |
Source: Central Realty Advisors Inc #19-465680 Report a problem | ||
| 5/13/2019 | Listed for sale | $2,250,000+50%$813/sqft |
Source: Central Realty Advisors Inc #19465680 Report a problem | ||
| 2/25/2019 | Sold | $1,500,000-9.1%$542/sqft |
Source:  CLAW #18410472 Report a problem | ||
| 1/25/2019 | Pending sale | $1,650,000$597/sqft |
Source: Keller Williams Silicon Beach #18410472 Report a problem | ||
| 12/1/2018 | Listed for sale | $1,650,000+407.7%$597/sqft |
Source: Keller Williams Silicon Beach #18410472 Report a problem | ||
| 4/9/1999 | Sold | $325,000$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $31,972 +4.3% | $2,652,000 +5.3% |
| 2024 | $30,657 +2% | $2,519,672 +2% |
| 2023 | $30,061 +4.9% | $2,470,267 +2% |
| 2022 | $28,657 +1% | $2,421,832 +2% |
| 2021 | $28,360 -0.9% | $2,374,346 +1% |
| 2020 | $28,606 | $2,350,000 +414.5% |
| 2019 | $28,606 +401.8% | $456,731 +2% |
| 2018 | $5,701 | $447,776 +2% |
| 2017 | $5,701 +2.1% | $438,997 +2% |
| 2016 | $5,583 +2.7% | $430,390 +1.5% |
| 2015 | $5,434 +0.6% | $423,926 +2% |
| 2014 | $5,401 | $415,623 +2.5% |
| 2012 | -- | $405,634 +2% |
| 2011 | -- | $397,681 +0.8% |
| 2010 | -- | $394,709 +1.8% |
| 2008 | -- | $387,891 +2% |
| 2007 | -- | $380,286 +2% |
| 2005 | -- | $372,831 +4% |
| 2004 | -- | $358,356 +1.9% |
| 2003 | -- | $351,789 +2% |
| 2002 | -- | $344,892 +4% |
| 2000 | -- | $331,500 |
Find assessor info on the county website
Neighborhood: Venice
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Nearby schools
GreatSchools rating
- 9/10Broadway Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Mark Twain Middle School and World Languages MagnetGrades: 6-8Distance: 1.3 mi
- 8/10Venice Senior High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$2,605,400
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Estimated market value
$2,605,400
- California
- Los Angeles County
- Los Angeles
- 90291
- Venice
- 728 Vernon Ave
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