712 6th AVE Venice, CA 90291
Pending
$1,990,000
3 Units
8 Beds
4 Baths
3,192 Area(sq.ft.)
5,660 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | n/a | $ 5,200 | $ 5,200 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,000 | $ 3,750 | $ 3,750 |
| Unit 3 | 1 | 3 | 1 | No | $ 2,100 | $ 4,100 | $ 4,100 |
| 3 | 3 | 8 | 4 | $ 5,100 | $ 13,050 | $ 13,050 |
| MLS #: | SR24203367MR |
| Days On Market: | 56 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 623 |
| Price per unit: | $ 663,333 |
| Year Built: | 1953 |
Property Details
Location, Location, Location! This is the ultimate investment opportunity just 3 minutes from the iconic Venice Beach Boardwalk! Whether you re an investor or developer with a vision, this rare triplex is a dream come true. Live in one unit and rent out the others, or reimagine the property entirely two of the three units can potentially be delivered vacant, and with the right offer, the third could be as well! The property sits on a generous 5,658 sqft lot zoned R1.5, offering ample room for additional units or redevelopment. The expansive backyard doubles as parking space, fitting 6-8 cars perfect for tenants or guests in this high-demand area. Recent upgrades include copper plumbing, updated electrical panels, recessed lighting, and a 10 year roof, giving you peace of mind and saving on renovation costs. The first unit boasts 3 spacious bedrooms and 2 bathrooms, offering a comfortable layout for families or roommates. The second unit features 2 bedrooms and 1 bathroom, ideal for smaller households or individuals. The third unit includes 3 bedrooms and 1 bathroom, providing versatility and rental income potential. Don t miss out on this opportunity to own a property in one of LA's hottest locations, just steps from the beach, restaurants, and vibrant local culture. Whether you re looking to add value with new units or enjoy the income from an existing rental, this Venice Beach triplex has limitless potential!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 147,900 |
Structure
| Community Features: | Biking, Watersports, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LARD1.5 |
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Driveway, On street, Private, Public |
Interior
| Cooking Appliances: | Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Room |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Room |
Exterior
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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Income
