tomo logo

$5,495,000

Beds
11
sq ft
4,289

705 6th Ave, Venice, CA 90291

705 6th Ave

Venice, CA 90291

  • 10 days on market
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.

Details

Property type

Property condition

Updated/Remodeled

Lot size

5,670 sq ft

Price per sq ft

$1,282

Year built

1924

HOA

No

Price History

10/07/2024
CLAW

CLAW #24447111

Listed
$5,495,000
+76.12%
05/10/2022
CLAW

CLAW #21789406

Sold
$3,120,000
+16.66%
07/02/2019
CLAW

CLAW #18411050

Sold
$2,674,500
+21.57%

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

Bronzetree Terraces Llc

Loan start date

November 2023

Original loan amount

$3,210,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Commercial

Seller

6Th Avenue 705 Llc

Lender

Spreo Capital Partners Inc

Loan start date

April 2022

Original loan amount

$3,210,000

Est. remaining balance

Not provided

Interest rate

3.76%

Loan type

Commercial, 2 year

Seller

6Th Avenue 705 Llc

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: 10/18/2024 at 3:25 AM

Listing updated: 10/15/2024 at 5:50 AM

Listed by: Tyler Kunkle, Pardee Properties Phone #: (310) 907-6517

MLS: CLAW #24447111

CLAW logo

Recently listed in Venice

$8,600,000|4 bd|4.0 ba|House
$8,495,000|3 bd|4.0 ba|House
$2,450,000|3 bd|2.0 ba|House
$4,000,000|4 bd|4.0 ba|House
$2,298,000|2 bd|2.5 ba|Condo
$1,749,000|3 bd|3.0 ba|House
$3,450,000|5 bd|5.5 ba|House
$2,699,000|3 bd|2.0 ba|House
$2,275,000|3 bd|2.0 ba|House
$2,869,000|4 bd|3.5 ba|House