1340 / 1342 MORNINGSIDE WAY
Conceptual Renderings are designed by Johnathen Day of Coscia Day Architecture
⇣HIGHLIGHTS
Price: $2,510,000
Status: SOLD
TYPE: DUPLEX
Bedrooms: 5
Bathrooms: 3
Living Area: 2,184 SF
Lot Size: 10,882 SF
Premier double lot compound with two bungalows; a rare opportunity with many build and use options. What's your pleasure? Keep as a two-on-a-lot income property: Rehab the front house; live in one and rent the other. Demo and build your dream home on one of the largest lots in Venice? Or maximize profit via a small lot subdivision?
The back house has 3 beds + 2 baths, was remodeled and expanded in 2017 and is operated as an Airbnb with monthly rates around 7k. The front house has 2 beds + 1 bath. Each home is about 1,100 SF. Front house will be delivered vacant and back house can be as well, or use as rental income while you're designing/city planning your new home.
Take advantage of current record low interest rates and also access to construction financing in mid 4s! Seller could be willing to JV. Lots of flexibility and a rare opportunity in a great family-friendly Venice neighborhood. SFR renderings are conceptual only.