$1,890,000

The triplex at 712-716 Vernon welcomes all owner-occupants, investors, and developers alike. Two breezy bungalows are partitioned on this long 5402 sf (45X120) lot, zoned RD1.5. The Vernon Ave-facing bungalow consists of two leased units of 1 bd / 1ba at approximately 442 living sf each: one being MTM ($2300/mo) while the other's term ends 02/2024 ($2500/mo). Separately, the vacant bungalow of 2 bd / 1ba ($3500 pro forma) features a rustic lumber deck, off-street parking with square terracotta tiles, private entry, and a bohemian outdoor living space. New roofs were recently installed on both structures. Communal laundry is a possibility as infrastructure remains onsite. Hardwood/vinyl flooring, granite countertops, dual paned windows throughout. Complementing the property's income production, 712-716 Vernon sits well within walking vicinity of Venice's coastal scenery, Rose Ave, Abbot Kinney, and a plethora of coffee shops, small boutiques, restaurants, and grocery marts (Whole Foods & Ralphs). The robust rental market and enticing features at this prime locale easily make 712-716 Vernon a worthwhile investment. Possibility of assembling current active listing 718 Vernon Ave, APN 4239004004 to create a rare double lot exceeding 10,000SF that could provide tremendous upside potential.