Property listed by Real Broker, Peter Jumrukovski 619-663-8680
$2,999,999
Situated just blocks from world-famous Abbot Kinney, this 6-unit property is a rare find in one of Los Angeles' most sought-after neighborhoods. The current owners have thoughtfully maintained and upgraded the building over their 10-year tenure, including new exterior paint and facade work, plumbing enhancements, and a new roof installed… Read More less than 10 years ago. Three of the six units, located on the ground level, have been fully renovated and are currently leased at strong market rents. The remaining units are leased to reliable, long-term tenants who are low-maintenance and consistently pay rent on time, offering immediate income stability with long-term upside potential. The unit mix includes (2) studios and (4) spacious three-bedroom apartments. The front courtyard has been transformed into a vibrant, gated entry space with lush ficus trees and custom planter boxes, offering a green, welcoming retreat for tenants. Additional highlights include onsite parking, a professionally managed income-producing laundry room, and stylish interiors featured in the bottom three units with updated kitchens, gas ranges, and renovated bathrooms. With current total rent at over $15,800/month and projected rent potential of over $26,000 when the top units reach market rates, this is a compelling opportunity for investors looking to secure a well-positioned, income-generating asset in the heart of Venice, just minutes to LAX, the beach, and the city's trendiest dining, shopping, and nightlife. Read Less
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
14
Square Ft.
4,528
Lot Size
0.12 Acres
Year Built
1962
MLS Number
25555487
30 Days Snapshot Of 90291
$2.47M
-3%
(avg) sold price
16
-30%
homes sold
86
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1962, Building area total: 4,528, Levels: Two, Living area: 4528, 2 stories, 1 building, Architectural style: MidCenturyModern
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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