718 720 Hampton Drive
Venice, CA, 90291 $ 3,495,000
Bedrooms4 Baths2.0 Sq 1,710 Monthly Estimate*
$ 24,414
Listed by Pardee Properties
for $3,495,000 with 4 bedrooms and 2 full baths. This 1,710 square foot home was built in 1953 on a lot size of 0.1349.
INCREDIBLE OPPORTUNITY - RARE 5,800+ sqft DOUBLE LOT w/ TWO CHARMING BUNGALOW RESIDENCES - COMMERCIAL ZONING w/ 6 PARKING SPACES. This creative compound in the heart of Venice, just behind Abbot Kinney and a short stroll to Venice Beach, offers endless possibilities. The property features two side-by-side homes transformed into a collective creative haven, emphasizing indoor/outdoor living. With completely private outdoor spaces for each bungalow, the flexibility allows for various uses, such as a live/work retreat, living in one property while renting the other for passive income, or renting both for the ultimate investment opportunity. Ideal for qualified SBA owner-users, the property may offer the chance to assume the current owner's second trust deed at low-interest rates (estimated around 2% below current rates, based on qualification requirements). About the homes: Located on two contiguous lots with six parking spaces, these detached properties are surrounded by lush greenery and fruit trees, embodying SoCal vibes. The first bungalow, filled with natural light, features a kitchen with stainless steel appliances, ample storage, beautiful hardwood floors, and an open spacious floor plan. The second bungalow boasts exposed beam ceilings and an open, flexible floorplan, both equipped with air conditioning. Currently set up as an office space, the potential for a think tank or a blank canvas for your vision and designer's eye is evident. You'll Love: Cohesively integrated, this property is a rare find West of Lincoln. Situated on a corner lot with a secure perimeter fence, it's conveniently located near Google, tech companies, restaurants, shops, gyms, and creative studios. The Neighborhood: With Abbot Kinney and the Rose Corridor at your doorstep, this property provides easy access to some of the best restaurants, coffee shops, boutiques, and more in Los Angeles. Bike to the beach, explore the Venice Canals, or stroll to Main Street. This unique offering stands out in the market - don't miss out!
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FeaturesGeneralInterior Features CeilingFans
Sewer Other
Heating Central
Cooling CentralAir
Possession CloseOfEscrow
Appliances Dishwasher Range Refrigerator
Zoning LAC2
Patio/Porch Features FrontPorch Open Patio
Pool Features None
Security Features CarbonMonoxideDetectors GatedCommunity SmokeDetectors
Year Built 1953
Stories 1
Levels One
Gross Income 0.0
Community Features Gated
County Los Angeles
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction West
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions North of Venice South of Rose East of Main West of Lincoln - Just off Abbot Kinney!
City Venice
Disclosures CoastalCommissionRestrictions ListingBrokerAdvantage
Entry Location Living Room
View Y/N N
Senior Community Y/N N
High School District Los Angeles Unified
Open Parking Spaces 6.0
Total Units 2
MLS Area C11 - Venice
Lot Size Square Feet 5875.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Hampton
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 94
Standard Status Active
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InteriorFlooring Tile Wood
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Drive
Laundry Features SeeRemarks
Total Bedrooms 4
Electric On Property Y/N N
Total Baths 2
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ExteriorParking Features Assigned SideBySide Uncovered
Lot Features Landscaped
Total Parking 6.0
Lot Size Area 5875.0
Number of Buildings 2
Spa N
Building Area Total 1710.0
Lot Size Acres 0.1349
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $24,414
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Venice, CA
Average List Price $2,992,681
Percent of Sale Price 14%
About Venice, CA 29,124 Population
-6% Since 2002
$ 89,009 Median Income
41.51 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/10/2024 | $3,495,000 | -2.24% | Price Down |
| 1/26/2024 | $3,575,000 | | Listed Price |