614 6th Avenue Venice, CA 90291
13.7 GRM, UNIT #1 (DWNSTR FRONT W/YDS) IS VACANT, RENT IS PROJECTED, BUYER WILL HAVE CHOICE TO HAVE ONE 3 BD/2BA UNIT VACANT OR RENT @MARKET RATE TO GET BETTER CAP RATE ON THEIR INVESTMENT! NO LOOSE PROPOSITION (RIGHT PROPS ARE LEASING FAST IN OUR OWN ISLAND PARADISE)! Well-hidden real gem of a building located in a vibrant rental market with the highest concentrations of tech and creative minds! Very spacious light, bright 3 bedrooms and 2 baths, 4 units (with rare primary suites, some with walk-in closets as well as stacked washer/dryer in the unit), and one unit with 2 bedrooms and 1 bath. Units with stained cement floors and kitchen counter tops! Per seller mostly copper water lines(horizontal/vertical), EQ Retrofit work is completed. Low maintenance bldg. with ample green spaces. Plenty of space for bike racks/storage in the carport. Perfect opportunity for an investor to park their money or to co-owned to subsided expenses with rents. Very reasonable rents with room to grow (unit #1 rent is projected), not many properties in the beach communities with such great unit mixes! This location is an easy walk to the famed Abbot Kinney Shopping Zone as well as to the Rose and Main Street corridors, not to mention the famous Venice Beach. This neighborhood billed as both a Walkers and Bikers paradise! Please check with appropriate govt agencies to be able to add ADUs. Sellers reserve the right to do an IRS Tax Delayed 1031 Exchange, at no additional cost or obligations to the Buyer, this's not a contingency.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number24407325
- Home Size Source N/A
- Year Built1964
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Traditional
- Parking AssignedCarportAttached CarportCovered
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.13
- Attached Garage Yes
- Zoning LARD1.5
- Listing Conditions Standard
- Direction Faces West
Interior Features
- Cooling None
- Heating Wall Furnace
Exterior Features
- Roof Composition
Community Features
- Senior Community No
- MLS Area C11 - Venice