Active
614 6th Ave
Venice CA, 90291
$3,300,000
$588.45 per sqft
Active
14 Beds
9 Baths
5,608 sqft
Multi-family
Built in 1964
13.5 GRM, UNIT #1 (DWNSTR FRONT W/YDS) IS VACANT, RENT IS PROJECTED, BUYER WILL HAVE CHOICE TO HAVE ONE 3 BD/2BA UNIT VACANT OR RENT @MARKET RATE TO GET BETTER CAP RATE ON THEIR INVESTMENT! NO LOOSE PROPOSITION (RIGHT PROPS ARE LEASING FAST IN OUR OWN ISLAND PARADISE)! Well-hidden real gem of a building located in a vibrant rental market with the highest concentrations of tech and creative minds! Very spacious light, bright 3 bedrooms and 2 baths, 4 units (with rare primary suites, some with walk-in closets as well as stacked washer/dryer in the unit), and one unit with 2 bedrooms and 1 bath. Units with stained cement floors and kitchen counter tops! Per seller mostly copper water lines(horizontal/vertical), Tenant pays their own Elect/Gas/Hot Water, EQ Retrofit work is completed. Low maintenance bldg. with ample green spaces. Plenty of space for bike racks/storage in the carport. Perfect opportunity for an investor to park their money or to co-owned to subsided expenses with rents. Very reasonable rents with room to grow (unit #1 rent is projected), not many properties in the beach communities with such great unit mixes! This location is an easy walk to the famed Abbot Kinney Shopping Zone as well as to the Rose and Main Street corridors, not to mention the famous Venice Beach. This neighborhood billed as both a Walkers and Bikers paradise! Please check with appropriate govt agencies to be able to add ADUs. Sellers reserve the right to do an IRS Tax Delayed 1031 Exchange, at no additional cost or obligations to the Buyer, this's not a contingency.
24-407325
MLSⓇ ID
July 10, 2024
Listed
October 18, 2024
Updated
Map
614 6th Ave
Venice CA, 90291
Interior Features
Total Stories
2
Bedrooms
14
Total Bathrooms
9
Appliances
Built-Ins, Gas Or Electric Dryer Hookup
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.13 Acres
Architectual Style
Traditional
Roof
Composition
Sewer
In Street Paid
Other Property Details
Area Name
Venice
Days on Market
100
Garage
No
Parking
Assigned, Carport, Carport Attached, Covered Parking
Parking Total
4
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LARD1.5
Listed by Stuart Banerjee with D.G. Realty
Listing Contact: 310-306-5075
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor True Story Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/18/2024