705 6th Avenue

Venice, CA 90291

$5,495,000
Price
11
Beds
9
Baths
4,289 Sq. Ft.
$1,281 / Sq. Ft.
4,289
Sq. Ft.
$1,281
per Sq. Ft.

Description

This rare opportunity in the heart of Venice Beach offers unmatched versatility, privacy, and luxury. Delivered fully vacant, this meticulously designed 4-unit property features a completely rebuilt front house, duplex, and brand-new construction ADU, making it a perfect investment or owner-occupant dream. The property has a turkey corporate rental system that is ready to go for any buyer looking to increase income and minimal turnover. Front House: Newly rebuilt in 2024, a spacious 3-bedroom, 3-bathroom...This rare opportunity in the heart of Venice Beach offers unmatched versatility, privacy, and luxury. Delivered fully vacant, this meticulously designed 4-unit property features a completely rebuilt front house, duplex, and brand-new construction ADU, making it a perfect investment or owner-occupant dream. The property has a turkey corporate rental system that is ready to go for any buyer looking to increase income and minimal turnover. Front House: Newly rebuilt in 2024, a spacious 3-bedroom, 3-bathroom two-story home with modern finishes and an open floor plan. Enjoy ample natural light through several perfectly placed skylights, a large kitchen, luxurious primary suite, private yard and in-unit laundry. Middle Duplex: Two newly remodeled and thoughtfully designed units, each boasting 3 bedrooms and 2 bathrooms. Both units offer comfortable layouts with open floor plans, private outdoor areas, and in-unit laundry. ADU (Accessory Dwelling Unit): Newly constructed in 2024, 2-bedroom, 2-bathroom free standing home with a stunning oversized rooftop deck. The expansive outdoor space includes an outdoor kitchen, ideal for entertaining, and breathtaking views of the city. Every unit has been crafted to provide the utmost privacy with custom-designed fencing and walkways throughout the property. Each residence includes its own large private outdoor space and in-unit laundry, making it a highly desirable living environment for future tenants or guests. Located just steps from Rose Blvd and Abbot Kinney Blvd, you're in the heart of everything Venice Beach has to offer: boutique shopping, top-rated restaurants, and iconic coastal living. This property is truly one-of-a-kind, offering flexibility, privacy, and an unbeatable location! Don't miss out on this unique Venice opportunity.
  1. Listed by Tyler Kunkle • DRE #01965642 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 705 6th Avenue

Zoning
LARD1.5
Style
Traditional
Parcel Number
4239002026
Total Units
4.0
Living Area
4289
Source Living Area
Owner
Area
Venice (C11)
Vacancy Rate
0
LISTING UPDATED: 10/15/2024 12:01 AM

Property Details for 705 6th Avenue

StatusActive
MLS #24-447111
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,670 SF
CountyLos Angeles County

Virtual Tour

Building Information for 705 6th Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,670 SF

Property Information for 705 6th Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Residential
  • Property Condition: Updated/Remodeled, New Construction, Additions/Alter
Contract Info
Contract Info
  • Disclosures: As Is, Coastal Commission Restrictions, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $420,000
  • Net Operating Income: $289,200.00
  • Gross Income: $420,000
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: $13.08
  • Actual Annual Gross Rent: $420,000.00
  • Total Annual Expense: 130800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1302
  • Lot Size Square Feet: 5670
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached, Carport Attached
  • Total Parking: 5
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Carport Spaces Total: 1
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Washer, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $10,000.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $9,000.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Patio: 4
  • Number Range: 4
  • Number Refrigerator: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $326,400.00
  • Assessed Improvement Percent: 10.26
  • Assessed Land Value: $2,856,000.00
  • Assessed Land Percent: 89.74
  • Assessed Total Value: $3,182,400.00

Property History for 705 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 705 6th Avenue

Taxable ValueLand$2,913,120Additions$332,928Total$3,246,048
Tax Record2024$39,406 ($3,284 / month)
Home Facts
Total Finished SqFt2,903 SqFtAbove Grade Finished SqFt2,903 SqFtLot Size5,670 SqFtStyleTriplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN4239-002-026

Schools near 705 6th 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.

Similar Homes

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705 6th Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on October 7, 2024 by Pardee Properties, it's currently listed at $5,495,000. It has been on the market for a total of 47 days and was last sold on May 10, 2022. 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. 705 6th Avenue is a 11-bed, 9-bath, 4,289 sqft multi-family home built in 1924.

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, Tyler Kunkle, DRE #01965642

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.