705 6th Ave Venice, CA 90291
Active
$5,495,000
4 Units
11 Beds
9 Baths
4,289 Area(sq.ft.)
5,670 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | Yes | $ 10,000 | $ 10,000 | $ 10,000 |
| Unit 2 | 1 | 3 | 2 | Yes | $ 8,000 | $ 10,000 | $ 8,000 |
| Unit 3 | 1 | 3 | 2 | Yes | $ 8,000 | $ 10,000 | $ 8,000 |
| Unit 4 | 1 | 2 | 2 | Yes | $ 9,000 | $ 10,000 | $ 9,000 |
| 4 | 4 | 11 | 9 | $ 35,000 | $ 40,000 | $ 35,000 |
| MLS #: | 24-447111 |
| Days On Market: | 65 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,281 |
| Price per unit: | $ 1,373,750 |
| Year Built: | 1924 |
Property Details
This ONE OF A KIND opportunity in the heart of Venice Beach offers unmatched versatility, privacy, and luxury. Delivered FULLY VACANT, this meticulously designed 4-unit property features a completely rebuilt two-story front house, large duplex, and brand-new construction two-story ADU + Rooftop, making it a perfect investment or owner-occupant dream. The property has a turkey corporate rental system that is ready to go for any buyer looking to increase income and minimal turnover. Front House: Newly rebuilt in 2024, a spacious 3-bedroom, 3-bathroom two-story home with modern finishes and an open floor plan. Enjoy ample natural light through several perfectly placed skylights, a large kitchen, private bar/wind room, luxurious primary suite, private yard and in-unit laundry. Middle Duplex: Two newly remodeled and thoughtfully designed units, each boasting 3 bedrooms and 2 bathrooms. Both units offer comfortable layouts with open floor plans, private outdoor areas, and in-unit laundry. ADU (Accessory Dwelling Unit): Newly constructed in 2024, 2-bedroom, 2-bathroom free standing home with a stunning oversized rooftop deck. The expansive outdoor space includes an outdoor kitchen, ideal for entertaining, and breathtaking views of the city. Every unit has been crafted to provide the utmost privacy with custom-designed fencing and walkways throughout the property that provide each unit with their own private entrance gate and personal walk ways. Each residence includes its own large private outdoor space and in-unit laundry, making it a highly desirable living environment for future tenants or guests. Located just steps from Rose Blvd and Abbot Kinney Blvd, you're in the heart of everything Venice Beach has to offer: boutique shopping, top-rated restaurants, and iconic coastal living. This property is truly one-of-a-kind, offering flexibility, privacy, and an unbeatable location! Don't miss out on this unique Venice opportunity.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 420,000 |
| Total Annual Expense: | $ 130,800 |
| Net Operating Income: | $ 289,200 |
| Gross Annual Income: | $ 420,000 |
| Cap Rate: | 5.26% |
| Gross Rent Multiplier: | 13.08 |
| Actual Gross Rent: | $ 420,000 |
Structure
| Type of Units: | Residential |
| Buildings: | 3 |
| Levels: | Two |
| Style: | Traditional |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Garage Is Attached, Carport Attached |
Interior
| AC/Cooling: | Central |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Washer, Refrigerator, Range/Oven |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Kitchen Features: | Remodeled |
| Laundry: | In Unit |
Exterior
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