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    1/2 BATHS
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Listing Details

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School Ratings & Info

Description

HUGE PRICE REDUCTION!! REDUCED $500K!! Great INVESTMENT Opportunity in the heart of Venice, just blocks from the world famous Abbot Kinney!! This is a RADically unique opportunity because not only do you get a hip piece of Los Angeles, but you also have the chance to double your investment. The building has been nicely maintained, and the bottom three units have been newly remodeled. One of the units is vacant-in case the owner wanted to keep a cool Venice pad to visit. The bottom three units could easily pull in $11,000 a month. Additionally, the top units could possibly pull in up to $15,500 or maybe more if you got creative, as many of these include co-living areas. Or keep it as-is since the upstairs tenants have paid throughout COVID-19. There are six units in total which consists of two studios and (4) three bedrooms, parking out back, and a trending and private courtyard area out front. Other features include a coin-operated laundry room, parking spaces, gas ranges/ovens, sleek bathrooms, modern kitchens, only 15-minutes to LAX, close to chic cafs, sizzling clubs, and sparkling beaches, and much more! Come see today!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/116658527
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656 Indiana Avenue Venice, CA 90291

  • Price: $3,888,000
  • Status: Active
  • Updated: 84 min ago
  • ID#: 21724394
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Beds
0
Baths
0
½ Baths
0.12
Acres
1962
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
HUGE PRICE REDUCTION!! REDUCED $500K!! Great INVESTMENT Opportunity in the heart of Venice, just blocks from the world famous Abbot Kinney!! This is a RADically unique opportunity because not only do you get a hip piece of Los Angeles, but you also have the chance to double your investment. The building has been nicely maintained, and the bottom three units have been newly remodeled. One of the units is vacant-in case the owner wanted to keep a cool Venice pad to visit. The bottom three units could easily pull in $11,000 a month. Additionally, the top units could possibly pull in up to $15,500 or maybe more if you got creative, as many of these include co-living areas. Or keep it as-is since the upstairs tenants have paid throughout COVID-19. There are six units in total which consists of two studios and (4) three bedrooms, parking out back, and a trending and private courtyard area out front. Other features include a coin-operated laundry room, parking spaces, gas ranges/ovens, sleek bathrooms, modern kitchens, only 15-minutes to LAX, close to chic cafs, sizzling clubs, and sparkling beaches, and much more! Come see today!
Exterior Features

Parking Features Assigned View None View YN No

Interior Features

Appliances DishwasherOvenRangeRefrigerator Cooling None Cooling YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Gross Income 127032 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 82512 Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning Lard1.5

Listing provided courtesy of James Scott Suarez of Keller Williams Inglewood


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T17:27:21.203. 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 or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505