$1,399,000

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… Read More 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. Read Less

Courtesy of eXp Realty of Greater Los Angeles, Derrick Ruiz, eXp Realty of Greater Los Angeles 888-652-1314.

Listing Snapshot

Days Online

Last Updated

May 22, 2026

Property Type

Other

Beds

Square Ft.

1,960

Lot Size

0.06 Acres

Year Built

1966

MLS Number

26656857

30 Days Snapshot Of 90291

$2.17M

-4%

(avg) sold price

+41%

homes sold

-11%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Range/Oven

Building

1,960 sq ft, Built in 1966, Levels: Two, Attached, Mid-Century

Cooling

None

Disclosures

As Is, Building Plans Available, Coastal Commission Restrictions, Rent Control

Exterior Features

Stucco

Floors

Mixed

Garage

2 total garage spaces, Garage - 2 Car, Garage Is Attached

Water Features

Water: District

Heating

Wall

Lot

LotAcreage: 0.0606, LotSizeArea: 2,640, Corner Lot

Miscellaneous

None

Parking

CarportSpacesTotal: 3, CoveredParking: 5, TotalParking: 5

Pool

PoolYN: False, None

Property

EntryLocation: Main Level, NumberOfUnits: 2, Zoning: LAR3, Fixer, Repairs Major

Roof

Composition

Sewer

In Connected and Paid

Spa

Has spa, None

Utilities

Gas

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