506 Boccaccio Avenue

Venice, CA 90291

$2,495,000
Price
4
Beds
4
Baths
2,628 Sq. Ft.
$949 / Sq. Ft.
2,628
Sq. Ft.
$949
per Sq. Ft.

Description

Steps to Abbot Kinney Boulevard this Duplex with BONUS ground floor courtyard studio features a top floor owners 2 bedroom 2 bath unit with extensive updates and renovations. The owners top floor unit and the ground floor studio will be delivered vacant. The top floor unit features stone counters, stainless steel appliances, hardwood style flooring in unit laundry, and an incredible roof deck. The second floor 2 bedroom 2 bath unit is equally stylish and updated. It does have a washer-dryer in unit....Steps to Abbot Kinney Boulevard this Duplex with BONUS ground floor courtyard studio features a top floor owners 2 bedroom 2 bath unit with extensive updates and renovations. The owners top floor unit and the ground floor studio will be delivered vacant. The top floor unit features stone counters, stainless steel appliances, hardwood style flooring in unit laundry, and an incredible roof deck. The second floor 2 bedroom 2 bath unit is equally stylish and updated. It does have a washer-dryer in unit. It is occupied by a performing tenant. Inside that unit with an accepted offer or possibly by appointment. The ground floor studio has double doors leading out to a spacious courtyard, a murphy bed, and an efficient kitchen and bath. The coveted west of Lincoln location had a new roof in 2022 and is ready for years of worry free ownership. There is off street parking for 5 cars with 3 garage

Listing Agent

  1. Andrew Robarge

    Andrew Robarge

    Listing Agent

    Compass

    DRE #01761507

Property Details for 506 Boccaccio Avenue

Zoning
LAR3
Parcel Number
4237007038
Total Units
3.0
Living Area
2628
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
50%
Lot Size Area
2504
LISTING UPDATED: 09/16/2024 12:26 PM

Property Details for 506 Boccaccio Avenue

StatusActive
MLS #24-437091
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
Lot Size0.06 AC / 2,504 SF
CountyLos Angeles County
Buyer's Agent Compensation2.5%

Building Information for 506 Boccaccio Avenue

Stories3Residences-Year Built1991Building Size-Lot Size0.06 AC / 2,504 SF

Property Information for 506 Boccaccio Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: duplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $136,800
  • Net Operating Income: $106,760.00
  • Gross Income: $136,800
  • Gross Rent Multiplier: $18.00
  • Actual Gross Annual Income: $75,600
  • Other Income1: $25,200.00
  • Financial Info as Of: 09/07/2024
  • Owner Pays: Water
  • Total Annual Expense: 30140
  • Water Expense: $2,500.00
  • Gas Expense: $1,200
  • Electric Expense: $1,800.00
  • Trash Expense: $900.00
  • Tax Expense: $22,000
  • Gardener Expense: $240
  • Insurance Expense: $1,500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0575
  • Lot Size Square Feet: 2504
Parking Details
Parking Details
  • Parking Garage: Attached, Covered Parking, Controlled Entrance, Driveway, Garage Is Attached, On street, Garage - 4+ Car
  • Total Parking: 5
  • Parking Features: Covered, Controlled Entrance, Driveway, Street
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Bonus Room, Office, Entry
  • Rooms: Patio Open, Bonus Room, Breakfast Area, Breakfast Bar, Office, Patio Enclosed, Entry
  • Levels: Three Or More
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Gas Dryer Hookup, Dryer, Washer
  • Cooking Appliances: Built-In Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-07-2024
  • Listing Terms: Cash, Cash To New Loan
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Drapes: 3
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 1
  • Number Patio: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Rented Garages: 5
  • Number Wall AC: 0
  • Number Water Meters: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $368,434.00
  • Assessed Improvement Percent: 21.57
  • Assessed Land Value: $1,339,786.00
  • Assessed Land Percent: 78.43
  • Assessed Total Value: $1,708,220.00

Property History for 506 Boccaccio 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 506 Boccaccio Avenue

Taxable ValueLand$1,366,581Additions$375,802Total$1,742,383
Tax Record2023$20,767 ($1,731 / month)
Home Facts
Total Finished SqFt2,628 SqFtAbove Grade Finished SqFt2,628 SqFtStories1Lot Size2,504 SqFtStyleDuplexYear Built1991ZoningLAR3CountyLOS ANGELESAPN4237-007-038

Schools near 506 Boccaccio 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
Coeur D'Alene 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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506 Boccaccio Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on September 7, 2024 by Compass, it's currently listed at $2,495,000. It has been on the market for a total of 12 days and was last sold on June 7, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 506 Boccaccio Avenue is a 4-bed, 4-bath, 2,628 sqft multi-family home built in 1991.

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 Compass, Andrew Robarge, DRE #01761507

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.