This exceptional Triplex property presents a remarkable opportunity for investors seeking high rental yields in Venice Beach. Each unit has undergone a significant remodel in 2014, featuring beautiful distressed hardwood floors, farmhouse closet doors, custom cabinetry, and modern kitchens and bathrooms equipped with Caesarstone countertops and stainless steel appliances. The property boasts enhanced privacy with new landscaping, a secure electric gate, and dedicated parking for each unit. Unit 605 is the front Bungalow which is a spacious 3 bed, 2 bath home with a loft in one bedroom, cathedral ceilings in the living room, and a private front yard ideal for Venice Beach’s indoor-outdoor lifestyle. Comes with 2 dedicated parking spaces & private laundry area. Unit 607 is a 2 bed, 2 bath layout featuring a private covered outdoor deck and its own entrance, along with designated parking & in unit stacked laundry .Unit 609 is the upper 2 bed, 2 bath space offers stunning roofline views and includes a dedicated parking space and separate pedestrian gate access w/ in unit laundry. Thanks to its prime location, just a short walk or bike ride from Abbot Kinney Blvd, Rose Ave, Lincoln Blvd, and the beach, these units consistently attract high market rents shortly after listing. Additionally, the duplex portion of the property is not subject to the Rent Stabilization Ordinance (RSO) as this was completed in 2014 per LADBS. Don’t miss this rare opportunity to invest in a highly desirable Venice property! Contact the listing agent for more details.
Property Details
Price:
$3,300,000
MLS #:
25494949
Status:
Active
Baths:
0
Address:
605 Indiana Avenue
Type:
Residential Income
Neighborhood:
c11venice
City:
Venice
Listed Date:
Feb 5, 2025
State:
CA
ZIP:
90291
Lot Size:
5,019 sqft / 0.12 acres (approx)
Year Built:
1921
See this Listing
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Assigned, Driveway, Concrete, Parking Space, Street, Gated, Private
Parking Spots
5.00
Stories Total
2
Financial
Tenant Pays
Cable T V, Electricity, Gas, Insurance, Other
Map
Community
- Address605 Indiana Avenue Venice CA
- AreaC11 – Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
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605 Indiana Avenue
Venice, CA
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