Venice, CA 90291 705 6th Avenue
$5,495,000
47 more
Presented By: Tyler Kunkle with Pardee Properties;
Home Details
This rare 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 front house, duplex, and brand-new construction ADU, 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, 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. 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.
Presented By: Tyler Kunkle with Pardee Properties;
Interior Features for 705 6th Avenue
Bedrooms
Total Bedrooms11
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Total Stories2
General for 705 6th Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Architectural StyleTraditional
Attached Garage Yes
Cap Rate5.26
Carport Spaces1.0
Carport Y/NYes
CityVenice
CoolingCentralAir
CountyLos Angeles
DirectionsNorth of Venice, East of Abbot Kinney, South of Rose, West of Lincoln
DisclosuresCoastalCommissionRestrictions, RentControl
Electric On Property Y/NNo
Full Baths
Garage Spaces2.0
Garage Y/NYes
Gross Income420000.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5670.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income289200.0
New ConstructionNo
NumberOfUnitsTotal4
Occupancy TypeTenant
Private PoolNo
Property ConditionAdditionsAlterations, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1924
ZoningLARD1.5
Exterior for 705 6th Avenue
Building Area Total4289.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1302
Lot Size Area5670.0
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Open Parking Y/NNo
Parking FeaturesAttachedCarport
SpaNo
Total Parking5.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480