$ 3,300,000
614 6th AVE Venice, CA 90291
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$ 3,300,000
Est. payment /mo
Active
614 6th AVE Venice, CA 90291
14 Beds
9 Baths
5,608 SqFt
UPDATED:
10/13/2024 06:15 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,608 sqft
Price per Sqft $588
MLS Listing ID 24407325
Bedrooms 14
HOA Y/N No
Year Built 1964
Lot Size 5,662 Sqft
Acres 0.13
Property Description
13.5 GRM, UNIT #1 (DWNSTR FRONT W/YDS) IS VACANT, RENT IS PROJECTED, BUYER WILL HAVE CHOICE TO HAVE ONE 3 BD/2BA UNIT VACANT OR RENT @MARKET RATE TO GET BETTER CAP RATE ON THEIR INVESTMENT! NO LOOSE PROPOSITION (RIGHT PROPS ARE LEASING FAST IN OUR OWN ISLAND PARADISE)! 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 (unit #1 rent is projected), 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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Attached Carport, Assigned, Covered, Carport
Carport Spaces 4
Roof Type Composition
Parking Type Attached Carport, Assigned, Covered, Carport
Attached Garage Yes
Total Parking Spaces 4
Building
Faces West
Story 2
Entry Level Two
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4240013004
Financing Cash
Special Listing Condition Standard
Listed by Stuart Banerjee • D.G. Realty