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$5,149,000

Beds
11
sq ft
4,289

705 6th Ave, Venice, CA 90291

705 6th Ave

Venice, CA 90291

  • 9 days on market
Rare investment opportunity in the heart of Venice: perfect for multi generational living! An unparalleled opportunity in the heart of Venice, this perfectly located and meticulously designed four-home property offers the perfect blend of togetherness and independence ideal for multi-generational living or a high-yield investment with a 5.7% cap rate. The home is fully occupied at noted rents via the outstanding corporate rental platform however can be delivered VACANT at the close of escrow to suit a buyers needs. This unique gated sanctuary consists of a completely rebuilt two story front house, a spacious duplex, and a brand-new construction ADU with a rooftop deck, all designed to feel connected yet separate, with lush landscaping for natural privacy and security for each. Front House (3BD/3BA): Rebuilt in 2024, this modern two-story home is flooded with natural light from skylights and features an open floor plan, large kitchen, private bar/wine room, luxurious primary suite, private fenced yard, and in-unit laundry. Middle Duplex (Two 3BD/2BA Units): Thoughtfully remodeled, both units offer spacious open layouts, private outdoor areas enclosed by greenery, and in-unit laundry. Ideal for extended family, guests, or high-income rentals. ADU (2BD/2BA + Rooftop): Designed by renowned architect Robert Thibodeau, this brand-new (2024) standalone residence features an expansive rooftop deck with an outdoor kitchen and breathtaking city views a true private retreat. Each home is intentionally separated with custom fencing, hedges, and private walkways, ensuring residents have their own gated entrance and dedicate outdoor space. Located just moments from Rose Ave & Abbot Kinney Blvd, this property places you in the heart of Venice's best shopping, dining, and coastal lifestyle. A place where generations can come together, yet live independently. A rare chance to own a multi-home sanctuary in one of LA's most coveted neighborhoods.

Details

Property type

Property condition

Updated/Remodeled

Lot size

5,670 sq ft

Price per sq ft

$1,201

Year built

1924

HOA

No

Price History

02/14/2025
CLAW

CLAW #25498789

Listed
$5,149,000
+65.03%
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: 02/23/2025 at 6:45 AM

Listing updated: 02/22/2025 at 5:30 AM

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

MLS: CLAW #25498789

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