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720 HAMPTON Drive, Venice, CA 90291

Property Details

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720 HAMPTON Drive
Venice, CA 90291

For Sale: $3,800,000

Property Type: Duplex
MLS#: 19420144

  • Building Size: 3000 SF
  • Lot Size: 5875 SF
  • Number of Units: 2
  • Number of Stories: 1
  • Year Built: 1953
  • Days on market: 17
  • Cap Rate: 4.75
  • Net Operating Income: $180,459
  • Gross Scheduled Income: $217,920
  • Rent Control: No
  • GRM: 17.44
  • Contact Listing Agent Direct:
  • Taunee L. English, Lions Realty Group

Property Description

718-720 Hampton Drive (Sold Together APN: 4286-008-009 and 4286-008-010). Zoned LAC2, this Venice Beach Compound is only two blocks from one of the most stylish streets on the West Side - Abbott Kinney. ONLY four blocks from the world famous Venice Beach Boardwalk and close proximity to the Google offices and the rest of Silicon Beach's prominent tech companies. With this Mixed-Use Corner Lot Property, you have the best of both worlds! You have an amazing opportunity to build both Commercial and Residential units while collecting during the Entitlement period - $18,000/per month from the current tenants! Based on Highest and Best Use report - there is the potential to build up to 11,453 sqft : 5,100 sqft of Commercial and 6,343 sqft of Residential. The property currently has 2 commercial office tenants occupying the two freestanding buildings (remodeled in 2016) and has 7 parking spaces.This PRIME Development Opportunity is Perfect for Developers, Investors or Owner-User to own!

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720 HAMPTON Drive, Venice, CA 90291

Based on information from California Regional Multiple Listing Service, Inc. as of January 11, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Taunee L. English, Lions Realty Group

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