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$3,500,000

Beds
7
sq ft
2,638

605 Indiana Ave, Venice, CA 90291

605 Indiana Ave

Venice, CA 90291

  • 81 days on market
    • Price drop $199,000↓
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.

Details

Property type

Est. home value

$3,034,404

Lot size

5,019 sq ft

Price per sq ft

$1,327

Year built

1921

HOA

No

Price History

12/05/2024
CLAW

CLAW #24447325

Price change
$3,500,000
-5.38%
10/02/2024
CLAW

CLAW #24447325

Listed
$3,699,000
+33.3%
01/11/2018
CLAW

CLAW #17283226

Sold
$2,775,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bledstein Family Trust

Loan start date

September 2014

Original loan amount

$425,000

Est. remaining balance

Not provided

Interest rate

4.14%

Loan type

Not Provided

Seller

Norine Boehmer and Dawn Mills

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 8:25 AM

Listing updated: 12/04/2024 at 7:25 PM

Listed by: Karsten Demers, Coldwell Banker Realty Phone #: (310) 457-6550

MLS: CLAW #24447325

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