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712 6th Avenue , #1

Venice, CA 90291
  • $2,389,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: SB23164954
Price Reduced
UPDATED: 49 min ago
$2,389,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Ratings & Info

Listing Agent(s): Juan Escobar of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

This Fantastic 3-unit building with tremendous upside potential ready for an owner user..or InvestorIn the heart of Venice, with a few blocks from Abbot Kinney, The location is Outstanding with beautiful Southern California weather, a bike ride away to the famous Venice beach. This amazing property is near popular Venice eateries. The front 2 story unit features 3 bedrooms, 2 baths with access to front yard patio area, with the 1st floor with kitchen & bathroom with tiled flooring, laminate flooring in living room, recessed lights throughout, and the second story featuring a master suite with a larger restroom.The 2nd unit features two bedrooms, one bath, recessed lights, and Unit 3 on the second floor features 2 bedrooms, and 1 bath with a Balcony on the side, Each unit has its own tankless water heater. This is a Well-maintained building, Some Large Upgrades completed, such As a 5yr old roof, copper plumbing and Electrical panels. Note: Property was Originally a 4 Unit Building and was converted into a 3 unit when it was brought from the Valley back in the 1980's, city ordinance only allowed it as a 3 unit.. The property can easily be Re-converted into 4 units (2) Two bedrooms 1 bath and (2) One bedroom 1 bath each and add 2 more ADU's in the rear. Lots of Potential!! Call me for any questions.. I will be showing it Monday 9/18/23 @ 1pm-2PM

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143199221
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712 6th Avenue , #1 Venice, CA 90291

  • Price: $2,389,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 49 min ago
  • MLS #: SB23164954
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1953
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
This Fantastic 3-unit building with tremendous upside potential ready for an owner user..or InvestorIn the heart of Venice, with a few blocks from Abbot Kinney, The location is Outstanding with beautiful Southern California weather, a bike ride away to the famous Venice beach. This amazing property is near popular Venice eateries. The front 2 story unit features 3 bedrooms, 2 baths with access to front yard patio area, with the 1st floor with kitchen & bathroom with tiled flooring, laminate flooring in living room, recessed lights throughout, and the second story featuring a master suite with a larger restroom.The 2nd unit features two bedrooms, one bath, recessed lights, and Unit 3 on the second floor features 2 bedrooms, and 1 bath with a Balcony on the side, Each unit has its own tankless water heater. This is a Well-maintained building, Some Large Upgrades completed, such As a 5yr old roof, copper plumbing and Electrical panels. Note: Property was Originally a 4 Unit Building and was converted into a 3 unit when it was brought from the Valley back in the 1980's, city ordinance only allowed it as a 3 unit.. The property can easily be Re-converted into 4 units (2) Two bedrooms 1 bath and (2) One bedroom 1 bath each and add 2 more ADU's in the rear. Lots of Potential!! Call me for any questions.. I will be showing it Monday 9/18/23 @ 1pm-2PM
Exterior Features

Architectural Style Bungalow Construction Materials Stucco Direction Faces West Entry Level 1 Entry Location 1 Exterior Features Rain Gutters Fencing Stucco WallWood Lot Features Front YardStreet Level Number Of Separate Electric Meters 4 Open Parking Spaces 6 Parking Features DrivewayGated Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No

Interior Features

Appliances Tankless Water Heater Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 3.53 Common Interest None Community Features Sidewalks Contingency Bankruptcy Disclosures Rent Control Garage YN No Gross Income 0 Gross Scheduled Income 134400 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalPrivate Financing Available Net Operating Income 84647 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 43033 Possession Negotiable Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Bankruptcy Property Tenant Pays ElectricityGas Total Actual Rent 0 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T19:37:33.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Juan Escobar of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)