705 6th Avenue

Venice, CA 90291

$3,120,000
Last Sold Price
8
Beds
3
Baths
2,903 Sq. Ft.
$1,075 / Sq. Ft.
2,903
Sq. Ft.
$1,075
per Sq. Ft.

Description

Delivered VACANT at the close of escrow, and reimagined in 2019, this Triplex boasts three immaculately renovated units including one stand-alone 2 bed/1 bath craftsman bungalow and two large 3 bed/1bath units, each with in-unit laundry and a fully private, beautifully landscaped, courtyard garden. Fully turnkey, with a walk score of 89 and located in the center of the vibrant and creative Rose Corridor, this triplex has tremendous upside potential and the location cannot be beat -- close to the...Delivered VACANT at the close of escrow, and reimagined in 2019, this Triplex boasts three immaculately renovated units including one stand-alone 2 bed/1 bath craftsman bungalow and two large 3 bed/1bath units, each with in-unit laundry and a fully private, beautifully landscaped, courtyard garden. Fully turnkey, with a walk score of 89 and located in the center of the vibrant and creative Rose Corridor, this triplex has tremendous upside potential and the location cannot be beat -- close to the beach, Abbot Kinney, Main Street, and Lincoln Blvd. Refined design with the vibe and convenience of Venice living, a must see for any owner/user or investor! Plans for brand new ADU addition + expansion to front house available upon request and most of the furniture will be included in the sale.
  1. Listed by Tyler Kunkle • DRE #01965642 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 705 6th Avenue

Zoning
LARD1.5
Style
Craftsman
Parcel Number
4239002026
Total Units
3.0
Living Area
2903
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

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LISTING UPDATED: 05/12/2022 09:30 AM

Property Details for 705 6th Avenue

StatusSold
MLS #21-789406
Days on Market188
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,670 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Add your commute

Building Information for 705 6th Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,670 SF

Payment Calculator

$20,247 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,027

Property Taxes

$3,220

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 705 6th Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash
  • Disclosures: Listing Broker Advantage, As Is, Coastal Commission Restrictions, Coastal Zone, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $229,200
  • Net Operating Income: $151,676.00
  • Gross Income: $229,200
  • Cap Rate: 4.90%
  • Gross Rent Multiplier: $13.50
  • Total Annual Expense: 54604
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1302
  • Lot Size Square Feet: 5670
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating: Combination, Electric
  • Heating Type: Combination, Electric
  • Flooring: Tile, Wood
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Hood Fan, Microwave, Washer, Ice Maker
  • Kitchen Features: Remodeled
  • Bathroom Features: Shower Over Tub, Remodeled
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Built-In Gas, Cooktop - Gas, Range, Range Hood, Microwave, Oven
  • Laundry: In Unit, Inside, Laundry Area, Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition, Shingle
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-30-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,300.00
  • Unit Actual Rent: $6,300.00
  • Unit Projected Rent: $6,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,300.00
  • Unit Actual Rent: $6,300.00
  • Unit Projected Rent: $6,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $800,000.00
  • Assessed Improvement Percent: 29.92
  • Assessed Land Value: $1,874,000.00
  • Assessed Land Percent: 70.08
  • Assessed Total Value: $2,674,000.00

Property History for 705 6th 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 705 6th Avenue

Taxable ValueLand$2,856,000Additions$326,400Total$3,182,400
Tax Record2023$38,637 ($3,220 / month)
Home Facts
Total Finished SqFt2,903 SqFtAbove Grade Finished SqFt2,903 SqFtLot Size5,670 SqFtStyleTriplexYear Built1924ZoningLARD1.5CountyLOS ANGELESAPN4239-002-026

Schools near 705 6th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

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 Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

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.