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553 Indiana AVE Venice, CA 90291
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Key Details
Sold Price $1,658,700
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,382 sqft
Price per Sqft $1,200
MLS Listing ID 23320401
Sold Date 12/12/23
Bedrooms 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1912
Lot Size 3,781 Sqft
Property Description
Introducing an exceptional duplex in the heart of Venice, privately situated in a premiere location just three blocks from Abbot Kinney! This meticulously upgraded two unit property yields a 4% cap rate and offers immense opportunity within a short stroll to some of Los Angeles's best restaurants, coffee shops, boutiques and a short stroll to the beach, Venice Canals, and more. The front unit offers a 2-bed, 1-bath layout that welcomes you with an open floor plan featuring a renovated kitchen adorned with stainless steel appliances. Glass doors graciously open onto a secluded patio, creating a perfect indoor-outdoor ambiance. Hardwood floors grace every room, along with in-unit laundry facilities, and storage space abounds, complemented by generous closet spaces that cater to all your organizational needs. The second unit is a 1-bed/1-bath unit with granite counters, Pergo flooring, and a private backyard retreat. Both units are equipped with the convenience of in-unit laundry. The property also features a secure front entrance for added peace of mind and private parking for the rear unit, ensuring your comfort and safety. Additionally, separate electric and gas meters provide practicality and independence. This duplex represents a superb investment opportunity in the heart of Venice, ideally suited for a variety of uses. Whether you're seeking a dynamic income property or a chance to reside in one unit while leasing the other, this property offers unparalleled flexibility. Its location near Abbot Kinney, Rose, the Linc, and the Beach makes it a coveted address for those seeking the quintessential SoCal lifestyle.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Dryer, Washer
Laundry Inside, In Kitchen
Exterior
Parking Features Controlled Entrance, Concrete, Garage, Garage Door Opener, Gated, On Street
Pool None
Community Features Gated
View Y/N Yes
View Courtyard
Porch Open, Patio
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4239002030
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Harry Whelan • Carolwood Estates