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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 1,399,000

Est. payment | -/mo

6 Beds

4 Baths

1,960 SqFt

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$ 1,399,000

Est. payment | -/mo

Save

6 Beds

4 Baths

1,960 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,960 sqft

Price per Sqft $713

MLS Listing ID 26656857

Style Mid-Century

Bedrooms 6

Construction Status Fixer, Repairs Major

Year Built 1966

Lot Size 2,640 Sqft

Acres 0.0606

Property Sub-Type Multi-Family

Property Description

Two-story duplex featuring two 3-bedroom, 2-bath units (one upper, one lower). Gated front patio and security gates. Interiors reflect deferred maintenance and present a clear value-add opportunity. Property is currently in the City of Los Angeles REAP program and has reportedly been in REAP for approximately five years. Seller is willing to relinquish any REAP funds currently held by the City. Upon successful REAP removal, buyer may be eligible to recover accumulated funds per LAHD guidelines. Seller currently pays all tenant utilities. One unit is occupied by a subtenant, and the tenant of record is reportedly not residing at the property. Seller will not complete repairs, pursue REAP removal, or address LAHD-related issues prior to closing. Property is priced accordingly for an experienced value-add investor.Asset will require a buyer familiar with LAHD compliance, renovation oversight, and tenant management strategies. Listing broker can provide available REAP documentation and contractor bids. Based on preliminary conversations with lenders and title representatives, the property may qualify for conventional financing and title insurance while in REAP; however, buyer must independently verify all financing and title conditions. Property is being sold strictly "AS-IS." Seller will make no repairs, credits, or termite remediation. Property will NOT be delivered vacant. Any tenant relocation negotiations or buyouts after close of escrow shall be the buyer's responsibility. Prime Venice location near the beach, boardwalk, restaurants, and retail. Strong long-term upside for an investor familiar with Westside coastal assets and Los Angeles housing regulations.DISCLOSURE: All information provided is deemed reliable but has not been verified by Seller or Listing Broker and may be based on third-party or public sources. Information regarding REAP status, rents, tenant occupancy, financing, title insurability, permits, LAHD matters, and potential recovery of REAP funds is subject to change. Buyer is advised to conduct their own independent investigations and consult with appropriate legal, financial, construction, and property management professionals regarding all aspects of the property. Property is sold strictly "AS-IS" and Seller and Listing Broker make no guarantees or warranties, express or implied.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Mixed

Equipment Range/Oven

Exterior

Parking Features Garage - 2 Car, Garage Is Attached

Garage Spaces 5.0

Pool None

Roof Type Composition

Building

Story 2

Sewer In Connected and Paid

Water District

Architectural Style Mid-Century

Level or Stories Two

Structure Type Stucco

Construction Status Fixer, Repairs Major

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of Greater Los Angeles

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

9 19th Ave Venice, CA 90291

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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9 19th Ave