614 6th Avenue

Venice, CA 90291

$2,995,000
Price
14
Beds
9
Baths
5,608 Sq. Ft.
$534 / Sq. Ft.
5,608
Sq. Ft.
$534
per Sq. Ft.

Description

Do not walk the property or disrupt tenants. Contact listing team for details. We are pleased to offer for sale a 5-unit apartment community located at 614 6th Avenue in Venice, California. The subject property is located south of Rose Avenue and North of Venice Boulevard, within minutes of vibrant restaurants, cafes, bars, yoga studios, grocery stores, gyms, and entertainment options. Situated on a 5,667 square foot parcel, the property is made up of one two-bedroom unit and four three-bedroom units....Do not walk the property or disrupt tenants. Contact listing team for details. We are pleased to offer for sale a 5-unit apartment community located at 614 6th Avenue in Venice, California. The subject property is located south of Rose Avenue and North of Venice Boulevard, within minutes of vibrant restaurants, cafes, bars, yoga studios, grocery stores, gyms, and entertainment options. Situated on a 5,667 square foot parcel, the property is made up of one two-bedroom unit and four three-bedroom units. Interiors feature in-unit washer/dryers in all units except Unit 5, and four of the units have gated on-site parking. There is potential to add a fifth parking space by modifying the gate post - buyer to verify. 614 6th Avenue offers investors the opportunity to acquire a stabilized property in a prime Venice location. The neighborhood's proximity to some of Los Angeles's best bars and restaurants will support continued rent growth for a new investor who is looking for stable returns and long-term growth potential.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 614 6th Avenue

Zoning
LARD1.5
Parcel Number
4240013004
Total Units
5.0
Living Area
5608
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
5667
LISTING UPDATED: 11/26/2024 12:01 AM

Property Details for 614 6th Avenue

StatusActive
MLS #24-464713
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.13 AC / 5,667 SF
CountyLos Angeles County

Building Information for 614 6th Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.13 AC / 5,667 SF

Property Information for 614 6th Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $237,037
  • Net Operating Income: $161,103.00
  • Gross Income: $244,368
  • Cap Rate: 5.38%
  • Gross Rent Multiplier: $12.26
  • Total Annual Expense: 75934
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.13
  • Lot Size Square Feet: 5667
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 4
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,750.00
  • Unit Actual Rent: $4,750.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,250.00
  • Unit Actual Rent: $4,250.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,056.00
  • Unit Actual Rent: $4,056.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,808.00
  • Unit Actual Rent: $2,808.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $289,658.00
  • Assessed Improvement Percent: 37.17
  • Assessed Land Value: $489,527.00
  • Assessed Land Percent: 62.83
  • Assessed Total Value: $779,185.00

Property History for 614 6th 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 614 6th Avenue

Taxable ValueLand$499,317Additions$295,451Total$794,768
Tax Record2024$10,566 ($881 / month)
Home Facts
Total Finished SqFt5,608 SqFtAbove Grade Finished SqFt5,608 SqFtLot Size5,667 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN4240-013-004

Schools near 614 6th 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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614 6th Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on November 18, 2024 by Marcus & Millichap, it's currently listed at $2,995,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Broadway Elementary School, Walgrove Avenue Elementary School and Westminster Avenue Elementary School. 614 6th Avenue is a 14-bed, 9-bath, 5,608 sqft multi-family home built in 1964.

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 Marcus & Millichap, Sean Rosenzweig, DRE #01406343

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.