Venice, CA 90291 614 6th Avenue
$3,300,000
25 more
Presented By: Stuart Banerjee with D.G. Realty;
Home Details
13.9 GRM, UNIT #1 (DWNSTR FRONT W/YDS) GIVEN NOTICE TO MOVE OUT END OF SEPT, 2024! BUYER WILL HAVE CHOICE TO HAVE ONE 3 BD/2BA UNIT VACANT OR RAISE THE RENT SUBSTANTIALLY TO GET BETTER CAP RATE ON THEIR INVESTMENT! NO LOOSE PROPOSITION. 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), 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, 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.
Presented By: Stuart Banerjee with D.G. Realty;
Interior Features for 614 6th Avenue
Bedrooms
Total Bedrooms14
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 614 6th Avenue
Additional Parcels Y/NNo
Architectural StyleTraditional
Attached Garage Yes
Buyer FinancingCash
Carport Spaces4.0
Carport Y/NYes
CityVenice
CoolingNone
CountyLos Angeles
Days on Market64
DirectionsBetween Vernon Ave. and Sunset Ave., east side of the st.
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Y/NNo
Gross Income236184.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5662.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income230409.0
New ConstructionNo
NumberOfUnitsTotal5
PossessionCloseOfEscrow
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas
View Y/NNo
Waterfront Y/NNo
Year Built1964
ZoningLARD1.5
Exterior for 614 6th Avenue
Building Area Total5608.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.13
Lot Size Area5662.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, Covered, Carport
SpaNo
Total Parking4.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480