605 Indiana Avenue

Venice, CA 90291

PRICE REDUCED

arrow_downward
-$199,000 (-5.38%)

$3,500,000

List Price

7

bed Beds

6

shower Baths

2,638 sqft

straighten / sqft

1921

calendar_month Built

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.

Listing Information

List Price $3,500,000
Status Active
MLS 24447325
Type Residential Income
Year Built 1921
Lot Size 5,019
Structure Size 2,638
DOM 49
Courtesy Of Coldwell Banker Realty
Listing Agent Karsten Demers DRE#01962663

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 6
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Karsten Demers, Coldwell Banker Realty 310-403-0306. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 20th, 2024 at 8:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.