Active

605 Indiana Avenue

Venice CA, 90291

$3,500,000


$1,326.76 per sqft

Active

7 Beds

6 Baths

2,638 sqft

Residential

Built in 1921

Listed by Karsten Demers with Coldwell Banker Realty 310-403-0306

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.

24447325

MLS ID

October 2, 2024

Listed

December 5, 2024

Updated

Map

605 Indiana Avenue
Venice CA, 90291

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

6


Interior Features

Ceiling Fan(s)


Appliances

Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.12 Acres


Architectual Style

Bungalow

Other Property Details

Area Name

C11 - Venice


Days on Market

63


Garage

No


Parking

Assigned, Concrete, Driveway, Gated, Private, One Space, On Street


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listing History

Date

Event

Price

11/20/2024

Price change

$3,500,000

-6%

Listing Contact: 310-457-6550 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 5:42 AM UTC

 

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