Venice, CA 90291 205 5th Ave
$2,495,000
OPEN HOUSE Sun, Nov 03 2024 1:00 PM - 4:00 PM
28 more
Presented By: Paige Ogden with Pardee Properties
Home Details
Welcome to this timeless and dreamy Spanish duplex located in the vibrant Rose Corridor, nestled between Venice and Santa Monica. With the perfect blend of classic elegance, timeless style, and modern upgrades, this two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, and boutiques. Also, just a short stroll to Whole Foods, parks, and more. Seller is open to partial seller financing at 6% for 2 years.
Presented By: Paige Ogden with Pardee Properties
Interior Features for 205 5th Ave
Bedrooms
Total Bedrooms5
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesDecorative, Living Room
Fireplace Y/NYes
FlooringTile, Wood
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Room, Outside
Total Stories2
Other Rooms
Room TypeBonus Room, Living Room
General for 205 5th Ave
Additional Parcels Y/NNo
AppliancesOven, Refrigerator, Dryer, Washer
Architectural StyleSpanish
Buyer FinancingCash, Conventional
Carport Spaces2
Carport Y/NYes
CityVenice
CoolingWall/Window Unit(s)
CountyLos Angeles
Days on Market22
DirectionsNorth of Rose, West of Lincoln, East of Main St., South of Marine
DisclosuresCoastal Commission Restrictions, Listing Broker Advantage
Entry LocationGround Level w/steps
Garage Spaces1
Garage Y/NYes
Gross Income69000
HOA / Comm AssnNo
HeatingWall Furnace
High School DistrictLos Angeles Unified
Interior FeaturesCeiling Fan(s)
LevelsTwo
Lot Size Square Feet4141
Lot Size UnitsSquare Feet
MLS AreaC11 - Venice
Net Operating Income32196
New ConstructionNo
NumberOfUnitsTotal2
Open Parking Spaces2
Patio/Porch FeaturesDeck, Front Porch, Open, Patio
Pool FeaturesNone
PossessionClose Of Escrow
Property TypeResidential Income
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas, Trash Collection
ViewCity Lights, Ocean
View Y/NYes
Year Built1929
ZoningLARD2
Exterior for 205 5th Ave
Building Area Total2743
Lot Size Acres0.0951
Lot Size Area4141
Number of Buildings1
Parking FeaturesCarport, Door-Single, Garage, Uncovered
SpaNo
Total Parking3
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480