Rent report generated Feb 13, 2025
The Rent Potential of
713 Nowita Pl Venice, CA
is $3,450 – $5,250/mo.
Rent Advice
The property at 713 Nowita Pl in Venice offers compelling rental potential, with comps suggesting a rent range of $3.45K to $5.25K. Given its prime location near Abbot Kinney and Venice Beach, demand is likely high. The unique Craftsman style and charming neighborhood features increase its appeal. The payback period based on rental income looks promising given the market trends. However, its single-family status might limit the income compared to multi-unit properties.
To boost rental value, consider modernizing the kitchen and bath, and enhancing outdoor spaces which are highly sought after in Venice. If selling, highlight the property's proximity to trendy spots and its historic charm. Keeping up with local market trends is crucial for maximizing returns, whether renting or selling. A small investment in these areas could significantly enhance appeal and value.
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