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.
Property Details
Price:
$3,300,000
MLS #:
24407325
Status:
Active
Baths:
0
Address:
614 6th Avenue
Type:
Residential Income
Neighborhood:
c11venice
City:
Venice
Listed Date:
Jul 10, 2024
State:
CA
ZIP:
90291
Lot Size:
5,662 sqft / 0.13 acres (approx)
Year Built:
1964
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned, Carport, Attached Carport, Covered
Parking Spots
4.00
Roof
Composition
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address614 6th Avenue Venice CA
- AreaC11 – Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
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Courtesy of D.G. Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
614 6th Avenue
Venice, CA
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