Experience the true essence of Venice Beach living with this exceptional Triplex (delivered vacant & furnished). Its alluring features, including private hot tubs, a serene communal garden, and a prime location, culminate in a coastal haven that harmoniously blends lifestyle and income. One of the standout features is the fully assumable loan of nearly $1.3M at an incredible 3.25% interest rate, providing unparalleled value in today's market. Whether you're an investor seeking a profitable venture or a homeowner seeking a retreat to call your own, this property is an opportunity that cannot be overlooked. This Triplex is a turn-key long or short term rental, ensuring it's ready for seamless occupancy and an immediate revenue stream (will be delivered vacant). Boasting two separate structures, each finely furnished with custom-built furniture, this property features three units that are fully equipped with a 2bed +3bath main owners (with WFH office or 3rd bedroom) unit & (2) 1+1 rental units with an oasis of comfort, style, and convenience. This magical outdoor haven features a custom 100ft long pergola adorned with a graceful canopy and an enchanting communal garden area. As an income-generating gem, this Triplex has the potential to yield an impressive monthly income or perfect for family & friends compound. The thriving rental market in Venice Beach and the property's alluring features and prime location make this investment worthwhile.
This property is $1.7M more than the Median Sold Price and $722/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24436235
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 457-6550
Listing Agent: Frankie Levangie
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 31, 2017
Aug 31, 2017Home Sold
$1,702,000
Sep 24, 2002
Sep 24, 2002Home Sold
$565,000
Mar 30, 1999
Mar 30, 1999Home Sold
$215,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$21,354
$1,788,970
2020
$20,712
$1,770,370
2019
$20,633
$1,735,657
2018
$8,610
$1,701,625
2017
$8,610
$705,072
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Broadway Elementary School
1015 Lincoln Blvd
Distance between this listing and this school0.31 miles
Public District Grades KG-5
5
/10
Westminster Avenue Elementary
1010 Abbot Kinney Blvd
Distance between this listing and this school0.54 miles
Public District Grades KG-5
6
/10
Coeur d'Alene Avenue School
810 Coeur D Alene Ave
Distance between this listing and this school0.96 miles
Public District Grades KG-5
Nearby Schools
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school0.95 miles
Public District Grades KG-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.05 miles
Public District Grades 6-8
5
/10
Mark Twain Middle School
2224 Walgrove Ave
Distance between this listing and this school1.10 miles
Public District Grades 6-8
Nearby Schools
6
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school0.25 miles
Public Charter Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school0.84 miles
Public District Grades 9-12
7
/10
Venice High School
13000 Venice Blvd
Distance between this listing and this school1.31 miles
The neighbors living near this home have an average income of $59,337. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 718 Vernon Ave
What is the listing price of this property?
The listing price of 718 Vernon Ave property is $2,799,999.
What type of property is this?
The property 718 Vernon Ave is a house located in Venice, California, 90291.
Is this property for sale now?
Active Listing: 718 Vernon Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $21,354 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 31, 2017 for $1,702,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 718 Vernon Ave has 4 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 718 Vernon Ave is 2,055 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 718 Vernon Ave is 1922.
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This home is located at 718 Vernon Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This 2,055 square foot home, which was built in 1922, sits on a 0.11 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 08, 2024 and is currently priced at $2,799,999.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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