Owner/User or Developer/Investor Venice income property opportunity! We are proud to to present and market 35 Navy St: 2 units in the heart of the creative community of Silicon Beach. The subject property consists of a spacious 2 bedroom, 2 bath owners unit and a 1 bedroom, 1 bath rental unit. The building was updated in 2005 and is approximately 2,000 square feet. The lot is 2,950 square feet (slightly larger than the typical Venice lot). Excellent location near Main Street, the sand, surfing, shopping, dining and nightlife. A charming and bright duplex home with 3 secure off-street parking spots. Tremendous upside potential. The 1 bedroom 1 bath unit is rented for $2,000 (under market value). The 2 bedroom, 2 bath owner's unit is probably rentable at $4,500 bringing the income potential to about $96,000 per year. Live in one and rent the other or this could ultimately be converted to a single family home.
Santa Monica represents the epitome of the Southern California beach lifestyle. This seaside location has been featured so frequently in movies and television shows that it may seem instantly familiar. Like nearby Venice, Santa Monica’s resort appeal stretches back over a century. Beachside chic combines glamorous shopping, a thriving downtown, and the energy of the many entrepreneurs who have launched startups in the area.
Real Estate: Santa Monica’s real estate is as varied as its citizenry. There are a variety of homes for sale, from beachy bungalows to new construction luxury homes. Condominiums are also available and there are many multi-unit apartment complexes with units for both sale and rent.
Community Life: The Santa Monica lifestyle is a mix of laidback beach style with a side of Los Angeles hustle. Outdoor living is the order of the day whether it is biking along the strand, strolling along Montana Avenue or taking an outdoor fitness class in the park while enjoying an ocean view.
Santa Monica doesn’t just have one farmers’ market it has four separate farmers’ market events spread throughout the city.
Third Street Promenade has just about every major shopping brand, all located within a few blocks, along with many restaurants and bars. What can’t be found at the Promenade can be found at Santa Monica Place, an open-air mall renovated several years ago.
Those in need of a fitness challenge can brave the Santa Monica Stairs, which are well known for providing a great cardiovascular workout.
Education: The city is served by the Santa Monica-Malibu Unified School District. Local schools include Roosevelt Elementary School, McKinley Elementary School, Grant Elementary School, John Adams Middle School, and Santa Monica High School. Crossroads School for Arts and Sciences offers a college-preparatory experience for elementary school through high school. Other local private schools include Carlthorp, New Roads, and Saint Monica’s Catholic High School.
Transportation: Accessed by the 10 Freeway and Pacific Coast Highway, Santa Monica is also highly bikeable and has received honors for being bike friendly. The Big Blue Bus runs several routes throughout the city and the city is also served by L.A. Metro.
Local Attractions: The Santa Monica Pier is a popular draw for tourists and the lighted Ferris wheel can be seen for miles away at night. The Museum of Flying at Santa Monica Airport is an airy structure with planes and exhibits that chronicle the history of flight. For beachside fun with a slice of nostalgia, check out the Annenberg Community House, built on the location of the demolished 110-room summer home built by William Randolph Hearst.
Results from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
The information being provided by SoCalMLS® and/or CARETS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS® and/or CARETS® MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or associate who owns the web site.
Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS® and/or CARETS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Partners Trust is a discerning and conscientious real estate company who leverages
its global network, media savvy and command of the market to provide high net–worth
individuals across Los Angeles a discreet and peerless level of real estate service.