614 6th Ave Venice, CA 90291
Active
$2,995,000
5 Units
14 Beds
9 Baths
5,608 Area(sq.ft.)
5,667 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 4,750 | $ 4,750 | $ 4,750 |
| Unit 2 | 1 | 3 | 2 | No | $ 4,250 | $ 4,250 | $ 4,750 |
| Unit 3 | 1 | 3 | 2 | No | $ 4,750 | $ 4,750 | $ 4,750 |
| Unit 4 | 1 | 3 | 2 | No | $ 4,500 | $ 4,500 | $ 4,750 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,808 | $ 2,808 | $ 3,100 |
| 5 | 5 | 14 | 9 | $ 21,058 | $ 21,058 | $ 22,100 |
| MLS #: | 24-464713 |
| Days On Market: | 31 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 534 |
| Price per unit: | $ 599,000 |
| Year Built: | 1964 |
Property Details
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a 5-unit apartment community located at 614 6th Avenue in Venice, California. The subject property is located south of Rose Avenue and North of Venice Boulevard, within minutes of vibrant restaurants, cafes, bars, yoga studios, grocery stores, gyms, and entertainment options. Situated on a 5,667 square foot parcel, the property is made up of one two-bedroom unit and four three-bedroom units. Interiors feature in-unit washer/dryers in all units except Unit 5, and four of the units have gated on-site parking. There is potential to add a fifth parking space by modifying the gate post - buyer to verify. 614 6th Avenue offers investors the opportunity to acquire a stabilized property in a prime Venice location. The neighborhood's proximity to some of Los Angeles's best bars and restaurants will support continued rent growth for a new investor who is looking for stable returns and long-term growth potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 245,115 |
| Total Annual Expense: | $ 76,338 |
| Net Operating Income: | $ 168,777 |
| Gross Annual Income: | $ 252,696 |
| Cap Rate: | 5.64% |
| Gross Rent Multiplier: | 11.85 |
Structure
| Type of Units: | Residential |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Gated |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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