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Map
$2,066,000 - $2,524,000
●
Property -
In Contract
440 Howland Canal
Venice, CA 90291
Studio
0 Bath
1926 Sqft
About This Property
RARE 5-UNIT TROPHY PROPERTY ON THE VENICE CANALS WITH/ 2 UNITS
VACANT - Ideal to live in one and rent the other four units! Or for
1031 exchange investors, or if you need stability in your real
estate portfolio, park your cash for a 4.2% current cap rate, plus
the ability to seek higher rents as units turnover for a projected
4.5% cap*. Nestled along the picturesque Venice Canals, this
property has been meticulously maintained with love over the years.
It consists of a 1 Bdrm/1 Bath Front house bungalow, perfect as a
owners/unit that is vacant and recently refurbished, as well as
four more charming units, with one that is vacant and ready to be
rented at market rates. Tons of upside potential by bringing the
vacant units up to market rates, or leverage this as the perfect
owner/user property - live in the front house and start generating
passive income immediately! There are endless possibilities here,
unlike any other. //About this property: The 1 Bdrm/1 Bath detached
front house bungalow gracefully faces the serene canals and sets
the tone for the entire property. This beautiful unit stands ready
for you to call home. Recently refurbished, you will enjoy a
light-infused, functional floor plan, a cozy restored Franklin
fireplace, a full kitchen with granite counters, stainless steel
appliances, and a stackable washer and dryer. The spacious bedroom
has plenty of closet space and a full bathroom with a jacuzzi-style
spa tub. There are private outdoor decks on the front and side of
the property- perfect for hosting friends, BBQ, and dining
alfresco, or relaxing and unwinding, taking in the ocean breeze.
Rent this unit to its fullest potential, or move right in to have
your own space to call home!! To the rear of the property are three
studio units and a junior 1 Bdrm unit that exude charm and a modern
flair (two upstairs and two downstairs); all units have shared
outdoor space, and each unit boasts a fully equipped kitchen,
washer/dryer, and more. A vacant upstairs studio was just
completely refurbished and is ready to be rented at market rates!
Beautifully landscaped throughout, and a true sense of community
among the tenants. Whether you call this property home or utilize
it as an investment, it is ready for you to park your cash! Take
advantage of this rare chance to own a piece of Venice's history
and enjoy the tranquility of canal-side living, all within one of
the most sought-after neighborhoods in Southern California.
The manager has listed the unit size as 1926 square feet.
The manager has listed the unit size as 1926 square feet.
Unit Size
1,926Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$1,192
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 14, 2024 | In contract | - | |
In contract | |||
Feb 22, 2024 | Listed | $2,295,000 | |
Listed |
Property Highlights
With View
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Condo
3
Beds
3.5
Baths
1,875 ft²
$1,147/ft²
$2,150,000
Jan 11, 2024
-
$450/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/13/2023
|
|
Loft
|
-
|
1926 ft²
|
$2,475,000
Loft
-
1926 ft²
|
-
-
|
-
|
Samantha Kinnon
Pardee Properties
|