This 1 bedroom, 1 bath condo is a blank canvas waiting for your creative touch. Stripped down to the studs due to previous water intrusion, this unit offers a unique chance to design and customize every detail to your liking. Imagine the potential for a modern, stylish living space with fantastic rental income potential.
Both the living room and bedroom feature sliders that open to stunning canal views, providing a serene and picturesque backdrop. With the right vision, this condo can be transformed into a highly desirable property. Don't miss out on this incredible investment opportunity!
**Incredible Location** with **Deeded Beach Access** at the tip of the North Venice Beach Jetty! Enjoy breathtaking sunsets, surfing, prime fishing spots, and abundant wildlife encounters. The large, heated **Community Pool** overlooks the beach! Assigned and guest parking options are available. The laundry room is conveniently located on the first floor, and a storage closet is provided. No pets are allowed. Rentals are permitted 12 times a year with a 30 day minimum. The quarterly HOA fee is currently $4, 000. Just a short walk to the Crow's Nest restaurant and less than a 7-minute drive to the vibrant Historic Downtown Venice, offering endless entertainment, shopping, and dining.
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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 | $140,000 | $140,000 | $140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $236 | $236 | $236 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $931 | $920 | $1,181 |
Total Monthly Payment | $1,242 | $1,231 | $1,492 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.