605 Indiana Avenue
$3,500,000
7
6
2,638
2,638
$1,327
Description
This exceptional property presents a remarkable opportunity for investors seeking high rental yields or owner-users wishing to live in one unit while generating income from the others. 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...This exceptional property presents a remarkable opportunity for investors seeking high rental yields or owner-users wishing to live in one unit while generating income from the others. 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.
- Listed by Karsten Demers • DRE #01962663 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 605 Indiana Avenue
Zoning
LARD1.5
StyleBungalow
Parcel Number4239003007
Total Units3.0
Living Area2638
Source Living AreaVendor Enhanced
AreaVenice (C11)
Vacancy Rate0
LISTING UPDATED: 11/20/2024 11:58 AM
Property Details for 605 Indiana Avenue
Status | Active |
---|---|
MLS # | 24-447325 |
Days on Market | 52 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1921 |
Lot Size | 0.12 AC / 5,019 SF |
County | Los Angeles County |
Building Information for 605 Indiana Avenue
Stories2Residences-Year Built1921Building Size-Lot Size0.12 AC / 5,019 SF
Property Information for 605 Indiana Avenue
Property History for 605 Indiana Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 605 Indiana Avenue
Taxable ValueLand$1,784,828Additions$1,310,732Total$3,095,560
Tax Record2024$37,595 ($3,133 / month)
Home Facts
Total Finished SqFt2,638 SqFtAbove Grade Finished SqFt2,638 SqFtStories1Lot Size5,017 SqFtStyleTriplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN4239-003-007
Schools near 605 Indiana Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Broadway Elementary School PublicK to 5 | ||
Walgrove Avenue Elementary School PublicK to 5 | ||
Westminster Avenue Elementary School PublicK to 5 | ||
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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