CA > Venice
Venice, CA 90291,605 Indiana Ave
Venice, CA 90291,605 Indiana Ave
Venice, CA 90291,605 Indiana Ave
39
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$3,500,000
Est. payment /mo
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7 BD
6 BA
2,638 SqFt
Price Dropped by $199K

605 Indiana Ave Venice, CA 90291

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

11/20/2024 06:58 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,638 sqft

Price per Sqft $1,326

MLS Listing ID 24-447325

Style Bungalow

Bedrooms 7

Year Built 1921

Lot Size 5,019 Sqft

Acres 0.1152

Property Description

This exceptional property presents a remarkable opportunity for investors seeking high rental yields or owner-users wishing to live in one unit while generating income from the others. Each unit has undergone a significant remodel in 2014, featuring beautiful distressed hardwood floors, farmhouse closet doors, custom cabinetry, and modern kitchens and bathrooms equipped with Caesarstone countertops and stainless steel appliances. The property boasts enhanced privacy with new landscaping, a secure electric gate, and dedicated parking for each unit. Unit 605 is the front Bungalow which is a spacious 3 bed, 2 bath home with a loft in one bedroom, cathedral ceilings in the living room, and a private front yard ideal for Venice Beach's indoor-outdoor lifestyle. Comes with 2 dedicated parking spaces & private laundry area. Unit 607 is a 2 bed, 2 bath layout featuring a private covered outdoor deck and its own entrance, along with designated parking & in unit stacked laundry .Unit 609 is the upper 2 bed, 2 bath space offers stunning roofline views and includes a dedicated parking space and separate pedestrian gate access w/ in unit laundry. Thanks to its prime location, just a short walk or bike ride from Abbot Kinney Blvd, Rose Ave, Lincoln Blvd, and the beach, these units consistently attract high market rents shortly after listing. Additionally, the duplex portion of the property is not subject to the Rent Stabilization Ordinance (RSO) as this was completed in 2014 per LADBS. Don't miss this rare opportunity to invest in a highly desirable Venice property! Contact the listing agent for more details.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central, Wall Unit(s)

Equipment Cable, Built-Ins, Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range/Oven, Washer, Other, Dryer, Vented Exhaust Fan

Exterior

Garage Assigned, Driveway, Driveway - Concrete, Parking Space, On street, Gated, Private

Garage Spaces 5.0

Building

Story 2

Architectural Style Bungalow

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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605 Indiana Ave