607 6TH Avenue

    Venice, CA 90291
    • $1,699,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 18375896
    UPDATED: 47 min ago
    $1,699,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,872
      SQFT
    • $908
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Description

    Incredible double-lot opportunity in the heart of Venice. Unbeatable location just a stone's throw to Venice Beach and Rose Avenue, this well-maintained triplex can be combined with the adjacent property at 601 6th Ave (MLS 18-375892) to create an oversized, flat lot of over 11,500 square feet. There are numerous potential options for developers, investors or owner-users: build one large family single home over both lots or two single family homes, multi-family residences, or a small lot subdivision. The existing triplex is well-maintained and there is the opportunity for upside with possible future increases in rent. Owner will consider selling this property individually or combined with the adjacent parcel. This is an opportunity in Venice's prime Silicon Beach. Property is tenant-occupied and currently under rent control. Buyer to investigate development potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T11:28:28.813. 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. Licensed in the State of California, USA.
    www.debonishomes.com/homes/86805618

    607 6TH Avenue Venice, CA 90291

    • Price: $1,699,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 18375896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,872
    SQFT
    $908
    $/SQFT
    1954
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Incredible double-lot opportunity in the heart of Venice. Unbeatable location just a stone's throw to Venice Beach and Rose Avenue, this well-maintained triplex can be combined with the adjacent property at 601 6th Ave (MLS 18-375892) to create an oversized, flat lot of over 11,500 square feet. There are numerous potential options for developers, investors or owner-users: build one large family single home over both lots or two single family homes, multi-family residences, or a small lot subdivision. The existing triplex is well-maintained and there is the opportunity for upside with possible future increases in rent. Owner will consider selling this property individually or combined with the adjacent parcel. This is an opportunity in Venice's prime Silicon Beach. Property is tenant-occupied and currently under rent control. Buyer to investigate development potential.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 39852.00 Laundry YN No Net Operating Income 30496.00 Special Listing Conditions Standard Total Expenses 9362.00 Zoning Lard1.5

    Listing provided courtesy of Jeffrey T. Sandorf of The Agency.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T11:28:28.813. 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. Licensed in the State of California, USA.
     
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