600 Flower Avenue

Venice, CA 90291

$3,050,000
Last Sold Price
6
Beds
6
Baths
6,339 Sq. Ft.
$481 / Sq. Ft.
6,339
Sq. Ft.
$481
per Sq. Ft.

Description

A fantastic investment opportunity awaits in prime Venice with this 5-unit loft-style building on a corner lot in the heart of Silicon Beach, just a block south of the restaurants and shops of bustling Rose Ave. Designed by internationally recognized LA architect Ted Tanaka, each spacious apartment stuns with high ceilings, an open floor plan, and an abundance of natural light. The majority of the units have new HVAC mini-split systems, and some feature other modern upgrades such as newer kitchens,...A fantastic investment opportunity awaits in prime Venice with this 5-unit loft-style building on a corner lot in the heart of Silicon Beach, just a block south of the restaurants and shops of bustling Rose Ave. Designed by internationally recognized LA architect Ted Tanaka, each spacious apartment stuns with high ceilings, an open floor plan, and an abundance of natural light. The majority of the units have new HVAC mini-split systems, and some feature other modern upgrades such as newer kitchens, bathrooms, and flooring. Two units include private patios/garden space, three feature large skylights, and there's off-street parking allotted for 8-9 cars. The building is comprised of four 1-bed, 1 bath units plus one larger 2-bed, 2 bath two-story unit.

Listing Agent

  1. Diana Braun

    Diana Braun

    Listing Agent

    Compass

    DRE #01362342

Property Details for 600 Flower Avenue

Zoning
LARD1.5
Style
Contemporary
Parcel Number
4240012001
Total Units
5.0
Living Area
6339
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
3%

Location

Listing Courtesy of Compass, Diana Braun, DRE #01362342

Sold By Compass, Diana Braun, DRE #01362342

Add your commute
LISTING UPDATED: 08/18/2021 12:54 PM

Property Details for 600 Flower Avenue

StatusSold
MLS #21-676408
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.22 AC / 9,452 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Diana Braun, DRE #01362342

Sold By Compass, Diana Braun, DRE #01362342

Add your commute

Building Information for 600 Flower Avenue

Stories2Residences-Year Built1987Building Size-Lot Size0.22 AC / 9,452 SF

Payment Calculator

$19,858 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,645

Property Taxes

$3,213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 600 Flower Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: As Is, Coastal Zone, Trust/Conservatorship, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $191,206
  • Net Operating Income: $111,609.16
  • Gross Income: $196,800
  • Cap Rate: 3.33%
  • Gross Rent Multiplier: $17.02
  • Actual Annual Gross Rent: $196,800.00
  • Total Annual Expense: 79596.84
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.217
  • Lot Size Square Feet: 9452
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Uncovered, Other
  • Total Parking: 8
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Air Conditioning, Multi/Zone, Other
  • Heating Type: Other
  • Flooring: Other
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2021
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,150.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,450.00
  • Unit Actual Rent: $3,450.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $705,424.00
  • Assessed Improvement Percent: 52.66
  • Assessed Land Value: $634,092.00
  • Assessed Land Percent: 47.34
  • Assessed Total Value: $1,339,516.00

Property History for 600 Flower Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 600 Flower Avenue

Taxable ValueLand$1,866,600Additions$1,245,450Total$3,112,050
Tax Record2023$38,559 ($3,213 / month)
Home Facts
Total Finished SqFt6,339 SqFtAbove Grade Finished SqFt6,339 SqFtLot Size9,452 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLARD1.5CountyLOS ANGELESAPN4240-012-001

Schools near 600 Flower Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 6
Public - 6 to 8
Rating
School
Distance
Walgrove Avenue Elementary School
PublicK to 5

Westminster Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Diana Braun, DRE #01362342

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.