New Listing
1140 Nowita Place,Los Angeles, CA 90291
Los Angeles, CA 90291
Description
A full Venice corner, 5 distinct residences, and the timeless appeal of early California architecture come together at Nowita Place and Penmar Avenue. Built between 1919 and 1930, 3 single-story Spanish buildings encompass approximately 4,015 square feet on an approximately 12,406-square-foot, 2-lot site held under a single assessor parcel number. Four charming 1-bedroom, 1-bath cottages face Nowita in complementary pairs, each with its own garden path and a private patio or yard. Inside, graceful arches, warm wood floors, original built-in cabinetry, and pristinely maintained baths reflect the care given to these residences over time. Fronting Penmar, a separate 3-bedroom, 2-bath home enjoys its own entrance, driveway, and rear patio, lending the property the privacy and presence of a standalone residence. Together, the 5 leased residences generate scheduled rent of $13,324 per month, or $159,888 annualized. All units are occupied and will be delivered subject to existing tenancies. The property also offers parking for 6 or more vehicles, approximately 134 feet of frontage along each street, and verified [Q]RD3-1XL zoning. Rose Avenue, Abbot Kinney, and the beach are minutes away, placing the pleasures of Venice close at hand while preserving the intimate neighborhood character that makes this corner feel enduringly special. Buyer to independently verify all property information, zoning, and development potential.
Details
| MLS # | 26988807 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1919 |
| Days On Site | 2 |
| Listing Provided By | Elevate Homes | Christian Aragon |
Features
| SQ Feet | 4,015 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 3 |
| Zoning | LARD3 |
| Acreage | 0.28 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $3,499,990 low | high Med: $2,495,000 sqft: 4,015 low | high Med: 2,947 $ / sqft: $872 low | high Med: $847 On site: 2 low | high Med: 356 | |
Market Activity 90291
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $3,499,990 low | high Med: $2,495,000 sqft: 4,015 low | high Med: 2,947 $ / sqft: $872 low | high Med: $847 On site: 2 low | high Med: 356 | |