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656 Indiana Ave

Venice, CA 90291
  • $3,888,000
  • STATUS: Active
  • ON SITE: 172 Days
  • ID#: 21-724394
$3,888,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,528
    SQFT
  • $859
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

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 the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. 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/116643646
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656 Indiana Ave Venice, CA 90291

  • Price: $3,888,000
  • Status: Active
  • ID#: 21-724394
6
Beds
0
Baths
0
½ Baths
0.12
Acres
4,528
SQFT
$859
$/SQFT
1962
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
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

Lot Size Area 5281 Other Structures None Parking Garage Assigned Style Architectural Total Parking 4 View Description None View YN No

Interior Features

Bathroom Features Shower Over Tub Baths Total 6.00 Cooking Appliances OvenRange Cooling None Equipment Ceiling FanDishwasherRange/OvenRefrigerator Flooring CarpetLaminate Heating Wall Laundry Community

Property Features

Assessed Total Value 2029558 Gross Income 127032 Gross Operating Income 127032 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 82512.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Security Features Smoke DetectorCarbon Monoxide Detector(S) Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 44520 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of James Scott Suarez DRE#01433992 of Keller Williams Inglewood.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. 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 Gateway
27720 Dickason Drive
Valencia CA, 91355