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    601 Coeur D Alene Ave

    Venice, CA 90291
    • $6,500,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: 20-632250
    New On Site 4 Days Ago
    UPDATED: 41 min ago
    $6,500,000
    • 8
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,338
      SQFT
    • $573
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    Prime Venice Beach investment property. 12 units + office located on Abbot Kinney Blvd. Extra-large units over 11,000 sqft of building. Each has a private balcony/deck, gas fireplace, dishwasher, and 16 garage parking spaces. Great unit mix with 4 studios, 4 one-bedrooms, and 4 one-bedroom + loft with roof deck and high ceilings. Huge upside potential with over 50% upside in market rents. Possible condo conversion. Close to Abbot Kinney restaurants and shops. Minutes to the beach.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T09:42:15.16. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/110027589
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    601 Coeur D Alene Ave Venice, CA 90291

    • Price: $6,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 20-632250
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    11,338
    SQFT
    $573
    $/SQFT
    1974
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    Prime Venice Beach investment property. 12 units + office located on Abbot Kinney Blvd. Extra-large units over 11,000 sqft of building. Each has a private balcony/deck, gas fireplace, dishwasher, and 16 garage parking spaces. Great unit mix with 4 studios, 4 one-bedrooms, and 4 one-bedroom + loft with roof deck and high ceilings. Huge upside potential with over 50% upside in market rents. Possible condo conversion. Close to Abbot Kinney restaurants and shops. Minutes to the beach.
    Exterior Features

    Covered Parking 16 Entry Location Ground Level W/Steps Exterior Construction StuccoWood Siding Garage Structures Total 2 Levels Multi/Split Lot Location Corner Lot Lot Size Area 8901 Other Structures None Parking Garage Community Garage Paved YN Yes Pool Description None Pool YN No Roof Composition Spa None Spa YN No Style Cape Cod Tennis Court None Total Parking 18

    Interior Features

    Baths Total 13.00 Common Walls Attached Cooling None Equipment DishwasherGarbage DisposalRange/Oven Flooring CarpetStained ConcreteLaminate Heating Radiant Interior Features 2 Staircases Laundry CommunityIn Unit Laundry Equipment Lease Water Heater Features Central Water Heater

    Property Features

    Alley YN Yes Assessed Total Value 1558018 Gross Income 335940 Gross Operating Income 335940 Like Units1 4 Like Units2 4 Like Units3 4 Net Operating Income 225090.00 Number Of Buildings 1 Number Of Units 12 Owner Pays Water Property Condition Repair CosmeticUpdated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasCable TvElectricity Total Annual Expense 110850 Type Of Units Multi Water Public Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Michael Springer DRE#01265333 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-20T09:42:15.16. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355