Price Adjustment. Welcome to an amazing investment opportunity on Venice Island! This prime property, zoned for office/professional use, is a rare find that combines business potential with residential charm. With over 1, 700 square feet of space, this mid-century modern Ruth Richmond home is just four blocks from the stunning turquoise waters of Venice Beach and a little over a block from the vibrant restaurants, shops and offices in historic downtown Venice. Step into a lovingly maintained three-bedroom, two-bath, single-family home, cherished for the past 30 years. As you arrive, you'll notice the elevated position (16ft above sea level) of this home compared to Barcelona Avenue below, offering an exclusive vantage point. Inside, the large living room seamlessly flows into a separate dining area with access to the kitchen. Beyond the living room, sliding doors reveal a grand family room with a cozy fireplace and abundant windows, filling the space with natural light. The convenient split-bedroom layout ensures privacy for guests and family. The primary bedroom boasts a spacious walk-in closet and an en-suite bath, while the guest bedrooms feature a shared full-hall bath. The heart of the home, the kitchen, offers quartz overlay countertops, wooden cabinets and a view of Hecksher Park, with tennis, pickleball, basketball and a wonderful playground across the street. The breakfast nook will be the place for that early cup of coffee looking through the French doors, to the family room and out the window to the backyard. The large backyard offers a small patio and has enough space to add a swimming pool. An oversized one-car garage provides ample storage space. Enjoy the convenience of walking to downtown, experiencing breathtaking sunsets at Venice Beach, and the flexibility of working and living at home. This property offers incredible potential for the discerning buyer with vision. Don’t miss your chance to make this unique gem yours!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$670,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $536,000 | $536,000 | $536,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.285% | 5.510% |
Monthly Tax Payment | $192 | $192 | $192 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,257 | $3,257 | $4,309 |
Total Monthly Payment | $3,541 | $3,541 | $4,593 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.