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Listing 14 out of 108
$1,699,000 For Sale

607 6th Avenue
Venice, CA 90291

5 beds | Residential Income
1,872 sq ft - MLS# 18375896
Property Photo
1/8

Description

Incredible double-lot opportunity in the heart of Venice. Unbeatable location just a stone's throw to Venice Beach and Rose Avenue, this well-maintained triplex can be combined with the adjacent property at 601 6th Ave (MLS 18-375892) to create an oversized, flat lot of over 11,500 square feet. There are numerous potential options for developers, investors or owner-users: build one large family single home over both lots or two single family homes, multi-family residences, or a small lot subdivision. The existing triplex is well-maintained and there is the opportunity for upside with possible future increases in rent. Owner will consider selling this property individually or combined with the adjacent parcel. This is an opportunity in Venice's prime Silicon Beach. Property is tenant-occupied and currently under rent control. Buyer to investigate development potential.

Features

  • Property Type: Residential Income
  • Sub Type: Triplex
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90291
  • Year Built: 1954
  • Subdivision/Neighborhood: Venice (C11)
  • Sq.Ft.: 1,872 sq ft
  • Stories: 1-Story
  • Bedrooms: 5
  • # of Parking Spaces: 6
  • Zoning: LARD1.5
  • Adjusted Gross Income: 39852.00
  • Agent License Number: 01396545
  • City Code: 10000052232
  • Cooling Type: Wall Unit(s)
  • Expense Total Annual: 9362.00
  • Gross Operating Income: 39852.00
  • Heating Type: Wall Heater
  • Lot Size SQ FT: 5671
  • Lot Size Source: Public Records
  • Net Operating Income: 30496.00
  • Number Of Buildings: 1
  • Parking Features: Uncovered
  • Square Footage Source: Public Records
  • Total Floors: 1
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Partially
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 1047.00
  • Unit Monthly Rent02: 1030.00
  • Unit Monthly Rent03: 1244.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bath03: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 2
  • Units In Complex: 3
Courtesy of The Agency, Jeffrey T. Sandorf (CalBRE: 01396545)


Gail Mercedes Cole (310) 853-9933

The Hills Premier Realty
9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212
Beverly Hills, CA 90212

This is not intended as a solicitation of prospective buyers or sellers who already have an exclusive agency agreement with another agent. All information deemed accurate but not guaranteed, CalDRE#00788828
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