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718 720 Hampton Drive

Venice, CA 90291
  • $3,495,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 24349145
$3,495,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,710
    SQFT
  • $2,044
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

School District:
Listing Agent(s): Paige Ogden of Pardee Properties (310-907-6517) and Samantha Kinnon of Pardee Properties(310-907-6517)


Description

INCREDIBLE OPPORTUNITY - RARE 5,800+ sqft DOUBLE LOT w/ TWO CHARMING BUNGALOW RESIDENCES - COMMERCIAL ZONING w/ 6 PARKING SPACES. This creative compound in the heart of Venice, just behind Abbot Kinney and a short stroll to Venice Beach, offers endless possibilities. The property features two side-by-side homes transformed into a collective creative haven, emphasizing indoor/outdoor living. With completely private outdoor spaces for each bungalow, the flexibility allows for various uses, such as a live/work retreat, living in one property while renting the other for passive income, or renting both for the ultimate investment opportunity. Ideal for qualified SBA owner-users, the property may offer the chance to assume the current owner's second trust deed at low-interest rates (estimated around 2% below current rates, based on qualification requirements). About the homes: Located on two contiguous lots with six parking spaces, these detached properties are surrounded by lush greenery and fruit trees, embodying SoCal vibes. The first bungalow, filled with natural light, features a kitchen with stainless steel appliances, ample storage, beautiful hardwood floors, and an open spacious floor plan. The second bungalow boasts exposed beam ceilings and an open, flexible floorplan, both equipped with air conditioning. Currently set up as an office space, the potential for a think tank or a blank canvas for your vision and designer's eye is evident. You'll Love: Cohesively integrated, this property is a rare find West of Lincoln. Situated on a corner lot with a secure perimeter fence, it's conveniently located near Google, tech companies, restaurants, shops, gyms, and creative studios. The Neighborhood: With Abbot Kinney and the Rose Corridor at your doorstep, this property provides easy access to some of the best restaurants, coffee shops, boutiques, and more in Los Angeles. Bike to the beach, explore the Venice Canals, or stroll to Main Street. This unique offering stands out in the market - don't miss out!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/146972898
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718 720 Hampton Drive Venice, CA 90291

  • Price: $3,495,000
  • Status: Active
  • On Site: 34 Days
  • ID#: 24349145
4
Beds
0
Baths
0
½ Baths
0.13
Acres
1,710
SQFT
$2,044
$/SQFT
1953
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
School District:
Los Angeles Unified
Property Description
INCREDIBLE OPPORTUNITY - RARE 5,800+ sqft DOUBLE LOT w/ TWO CHARMING BUNGALOW RESIDENCES - COMMERCIAL ZONING w/ 6 PARKING SPACES. This creative compound in the heart of Venice, just behind Abbot Kinney and a short stroll to Venice Beach, offers endless possibilities. The property features two side-by-side homes transformed into a collective creative haven, emphasizing indoor/outdoor living. With completely private outdoor spaces for each bungalow, the flexibility allows for various uses, such as a live/work retreat, living in one property while renting the other for passive income, or renting both for the ultimate investment opportunity. Ideal for qualified SBA owner-users, the property may offer the chance to assume the current owner's second trust deed at low-interest rates (estimated around 2% below current rates, based on qualification requirements). About the homes: Located on two contiguous lots with six parking spaces, these detached properties are surrounded by lush greenery and fruit trees, embodying SoCal vibes. The first bungalow, filled with natural light, features a kitchen with stainless steel appliances, ample storage, beautiful hardwood floors, and an open spacious floor plan. The second bungalow boasts exposed beam ceilings and an open, flexible floorplan, both equipped with air conditioning. Currently set up as an office space, the potential for a think tank or a blank canvas for your vision and designer's eye is evident. You'll Love: Cohesively integrated, this property is a rare find West of Lincoln. Situated on a corner lot with a secure perimeter fence, it's conveniently located near Google, tech companies, restaurants, shops, gyms, and creative studios. The Neighborhood: With Abbot Kinney and the Rose Corridor at your doorstep, this property provides easy access to some of the best restaurants, coffee shops, boutiques, and more in Los Angeles. Bike to the beach, explore the Venice Canals, or stroll to Main Street. This unique offering stands out in the market - don't miss out!
Exterior Features

Direction Faces West Entry Location Living Room Lot Features Landscaped Open Parking Spaces 6 Parking Features AssignedSide By SideUncovered Parking Total 6 Patio And Porch Features Front PorchOpenPatio Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DishwasherRangeRefrigerator Common Walls No Common Walls Cooling Central Air Cooling YN Yes Flooring TileWood Heating Central Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Association YN No Buyer Financing CashConventional Community Features Gated Disclosures Coastal Commission RestrictionsListing Broker Advantage Gross Income 0 Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 0 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Security Features Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Paige Ogden of Pardee Properties (310-907-6517) and Samantha Kinnon of Pardee Properties(310-907-6517)