205 5th Avenue

Venice, CA 90291

$2,495,000
Price
5
Beds
4
Baths
2,743 Sq. Ft.
$910 / Sq. Ft.
2,743
Sq. Ft.
$910
per Sq. Ft.

Description

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...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.
  1. Listed by Paige Ogden • DRE #02060052 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Golnaz Rassekh • DRE #01345467 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 205 5th Avenue

Zoning
LARD2
Style
Spanish
Parcel Number
4240007024
Total Units
2.0
Living Area
2743
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
50%

Open Houses

Sunday, Nov 24th

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 11/21/2024 09:25 AM

Property Details for 205 5th Avenue

StatusActive
MLS #24-395243
Days on Market177
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.10 AC / 4,141 SF
CountyLos Angeles County

Building Information for 205 5th Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.10 AC / 4,141 SF

Property Information for 205 5th Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City, Tree Top, Ocean
  • View: City Lights, Ocean
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s)
  • Water: In Street
  • Sewer: In Street
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional, Owner May Carry
  • Disclosures: As Is, Coastal Commission Restrictions, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $69,000
  • Net Operating Income: $32,196.00
  • Gross Income: $69,000
  • Gross Rent Multiplier: $15.70
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 32196
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.0951
  • Lot Size Square Feet: 4141
  • Lot Description: Sidewalks
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Carport, Uncovered
  • Total Parking: 3
  • Covered Parking: 1
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 1
  • Carport Spaces Total: 2
  • Parking Features: Garage - Single Door, Carport, Uncovered
Interior Features
Interior Features
  • Room Type: Bonus Room, Living Room
  • Rooms: Bonus Room, Living Room, Dining Area
  • Levels: Two
  • Fireplace Features: Decorative, Living Room
  • Fireplace Rooms: Decorative, Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Ceiling Fan, Wall/Window, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Tile, Vinyl Tile
  • Equipment: Washer, Dryer, Ceiling Fan, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Room Bathroom Features: Shower
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Oven
  • Laundry: Outside, Room, Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Balcony, Deck(s), Patio Open, Porch - Front
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-30-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, Owner May Carry
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,750.00
  • Unit Actual Rent: $5,750.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 205 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 5th Avenue

Taxable ValueLand$1,456,560Additions$923,355Total$2,379,915
Tax Record2024$28,944 ($2,412 / month)
Home Facts
Total Finished SqFt2,743 SqFtAbove Grade Finished SqFt2,743 SqFtLot Size4,139 SqFtStyleDuplexYear Built1929ZoningLARD2CountyLOS ANGELESAPN4240-007-024

Schools near 205 5th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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205 5th Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on May 30, 2024 by Pardee Properties, it's currently listed at $2,495,000. It has been on the market for a total of 177 days and was last sold on December 28, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 205 5th Avenue is a 5-bed, 4-bath, 2,743 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Paige Ogden, DRE #02060052; Keller Williams Beverly Hills, Golnaz Rassekh, DRE #01345467

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.