David Levine Bramante is proud to announce the exclusive listing for sale of 3647 Ocean View Ave, which is an extremely large income property located in highly desirable Mar Vista.
The property is listed as a duplex with the City, but operates as a triplex, and yet looks like two separate homes on one very large corner lot. All units can be delivered vacant, which is extremely rare for Los Angeles real estate.
There is a large 2-story front house that is 2-bed / 1.5-bath with an office, sharing one wall is a 3-bed / 1-bath non-conforming unit, and separate in the back is another 2-story house that is 4-bed / 2-bath with a basement and parking.
The demand for rentals, especially free-standing houses like these, is very high. You can rent the entire property as your investment property and command rents well over $14,000 per month. Or you can live in one of the units and collect rents from the others.
The combined unit square footage is well over 5,000, and the lot size is 12,165 square feet. The property is zoned LAR1, and with new state laws and the ease of getting ADUs in Los Angeles, you may have many options to increase the number of units and income even more so.
The location is prime near the intersection of Mar Vista near Centinela and Venice, so residents are walking distance to many many hips businesses, shops and cafes in walking distance. And within a short drive, residents can go to West LA, Santa Monica, Venice and other extremely desirable areas if the local shops aren’t enough. Major thoroughfares and freeways are close by as well for navigating the City quickly.
** Buyer is responsible to do all due diligence with city. Do not disturb tenants or walk on the property.