$1,790,000
Description
Unmatched Island Investment Opportunity – Steps from Venice Beach & Downtown NO FLOOD ZONE - NO FLOOD DAMAGE - NEVER SEEN A LICK OF WATER - RARE OPPORTUNITY - ZONED RMF4 Welcome to 701 W Venice Avenue—an exceptional multifamily property ideally located just one block from Venice Beach and a short stroll to historic downtown Venice. Rarely does a location offer this level of convenience, charm, and income potential in the heart of Venice Island. Situated on a prime beach-side corner lot, this updated and well-maintained fourplex offers four private-entry units, each with separate water and electric meters. Unit Breakdown: • Unit A – 2 bedrooms, 2 baths, approx. 1,129 SF • Unit B – 2 bedrooms, 2 baths, approx. 1,578 SF • Unit C (Owner’s Unit) – 4 bedrooms, 2.5 baths, approx. 3,013 SF • Unit D – 2 bedrooms, 2 baths, approx. 1,578 SF All units feature: • Porcelain tile flooring • In-unit washers and dryers • Private entrances and screened outdoor living spaces (lanai or balcony) Unit C stands out as the owner’s residence or premium rental, offering expansive living areas, a large screened lanai, level 3 granite countertops, and premium finishes throughout—truly lives like a single-family home. Property Highlights: • Zoned for daily, weekly, monthly, or annual rentals – full flexibility to maximize income • New roof (2024), updated electrical panels, and three newer HVAC systems • Hurricane shutters, enclosures, and private outdoor spaces for each unit • Electric security gate leading to pavered parking for up to 7 vehicles, including covered spaces • Professionally landscaped grounds with well-fed irrigation – no water cost for landscaping To ensure peace of mind, the entire property has been professionally inspected by Peace of Mind Home Inspections, a trusted local company with over 30 years in business. The comprehensive inspection (valued at $2,000) has already been completed and paid for—offering transparency and confidence to any savvy investor. Prime Beachside Corner Lot Zoned for Short-Term Rentals Turnkey, Fully Inspected Income Asset This is truly one of the most desirable and versatile multifamily properties on Venice Island. Whether you’re seeking a live-and-lease lifestyle or looking to generate high-income returns, 701 W Venice Avenue delivers unmatched value, luxury, and location. Don’t miss your chance to own this rare, income-ready gem just steps from the sand.
Listed by Derek Edwards, .
Property Highlights
- Property Type: Multi Family, Quadruplex
- MLS #: A4653742
Room Information
| Fireplace Features | Yes |
| Total Baths | 8 |
| Total Beds | 10 |
Property Features
| Has View | Yes |
| Interior Square Footage | 7,422 |
| Lot Size Acres | 0.28 |
| Lot Size Square Feet | 12,000 |
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