Cristina Noé
phone: 310.850.8797 fax: 310.988.2692
Real Estate Agent, Keller Williams International Realty, Santa Monica
2701 Ocean Park Blvd. Suite 140 Santa Monica, CA 90405
Presenting Venice Beach, California
An adorable duplex of cottage-style homes originally built in 1908, but replete with upgrades.
49 Ozone Avenue (See a map of this location)
Current features
- A home in the front with 2 bedrooms, a loft, 1 & 3/4 bathrooms, and bamboo floors
- A home in the back with 1 bedroom, 1 bathroom, and hardwood floors
- A remodeled kitchen and bathroom in the home in the back
- A 2-car garage adjacent to the alley
- A private entrance from a pedestrian-only street
- A half-block away from the Venice Beach promenade and sand
- Near to Main Street shops and entertainment, and bordering Santa Monica
- Lot size is approximately 3000 square feet
- Wonderful tenants residing in both homes
- Both homes are very well maintained
This property represents an excellent income-generating investment opportunity: the front home now rents for $3,850 per month, and the home in the back now rents for $1,700 per month.
Offered at $1,250,000
Lot development opportunities
As an alternative for a prospective buyer interested in redeveloping the property, an application has already filed with the city of Los Angeles for a small lot subdivision to build two separate and structurally independent single family homes.
A small lot subdivision is desirable for this lot because it offers several advantages over town homes, including no HOA fees and hassles, and the possibility of a substantially increased property value.
Small lot subdivisions must meet very specific building requirements. Consequently, the current owners have already purchased draft architectural design plans and a 3d flythrough (see thumbnail on right) from the architect David Reddy, AIA, who is also currently redeveloping the neighbor's property at 43 Ozone.
Since this redevelopment project is still at a very early stage, it could be easily taken over by new owners if desired.
Each of the two proposed new homes would feature:
- Approximately 1,800 square feet of living space
- 3 bedrooms, with 2 in the back and 1 in the front
- 2 and ½ baths
- A garage accessed from the alley
- 2 stories, plus an optional roof deck
- A lofty design with ample natural light, simple lines, and a functional floor plan
- A private front yard for the home facing Ozone
About Venice Beach
Venice is a flat square mile of modest bungalows and warehouses extending inland from a broad sandy beach. It was founded a century ago as an American version of Venice, Italy, with a popular amusement park that included a pier (now demolished) and a lagoon (which is now Windward Circle). Most of its canals were filled in by 1930, and the discovery of oil deterred further development.
Best known for its artists and other free spirits, Venice has begun to share the popularity of other beach communities. The cost of the narrow lots has risen three-fold in the past ten years, and 3000-square-foot houses are replacing 600-square-foot cottages.
The most desirable areas of Venice include the narrow, leafy, pedestrian only streets leading off Ocean Front Walk and Lincoln Boulevard, the grid of six canals, and oceanfront properties to the south of Venice Boulevard. Progressive architects are building alongside developers in these zones, and in large-scale loft complexes on Main and Lincoln. The central section of Abbot Kinney Boulevard has become one of the liveliest shopping street in LA, full of good restaurants and one-of-a-kind stores.
For more information, call Cristina Noé at 310.850.8797
Buyer is advised to check with the Advisory Agency and with the Department of Building and Safety for all reports (including the soil and geology reports), property plans, legal requirements, and documentation for building this proposed development, or for any future new development.