631 Indiana Avenue

    Venice, CA 90291
    • $1,899,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: SB18138129
    UPDATED: 82 min ago
    $1,899,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,900
      SQFT
    • $655
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:
    Area:

    School Ratings & Info

    Description

    Welcome to this unique investment opportunity in Venice, one of the hottest neighborhoods in LA. This multifamily property is located WEST of Lincoln and located a couple blocks away from Abbot Kinney. The front house has 2 bedrooms and 2 baths with private outdoor space. The rear building is 2 units with 3 bedrooms and 1 bath each stacked on top of one another. All units have updated kitchens, baths, and flooring. 4+ parking spots on property with access from the front and rear alley. This triplex has a unique setup allowing for a FOURTH UNIT (UDU) to be installed in the existing footprint. That means a potential income of $10,800/month with existing tenants in place!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T00:28:38.52. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84506780

    631 Indiana Avenue Venice, CA 90291

    • Price: $1,899,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: SB18138129
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,900
    SQFT
    $655
    $/SQFT
    1905
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Welcome to this unique investment opportunity in Venice, one of the hottest neighborhoods in LA. This multifamily property is located WEST of Lincoln and located a couple blocks away from Abbot Kinney. The front house has 2 bedrooms and 2 baths with private outdoor space. The rear building is 2 units with 3 bedrooms and 1 bath each stacked on top of one another. All units have updated kitchens, baths, and flooring. 4+ parking spots on property with access from the front and rear alley. This triplex has a unique setup allowing for a FOURTH UNIT (UDU) to be installed in the existing footprint. That means a potential income of $10,800/month with existing tenants in place!
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - Concrete Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Dryer IncludedElectric Dryer HookupWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 600.00 Elevation Units Feet Exclusions Tenant Posessions Fuel Expense 600.00 Gross Income 0.00 Gross Scheduled Income 105670.00 Insurance Expense 1015.00 Land Lease YN No Laundry YN Yes Maintenance Percent 3.00 Net Operating Income 71697.00 New Taxes Expense 26188.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 33973.00 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 8806.00 Total Expenses 2400.00 Trash Expense 600.00 Water Sewer Expense 600.00 Water Source See Remarks Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Daniel "Dow" Chang of Lyon Stahl Investment Real Estate, Inc. and Stephanie Baik of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T00:28:38.52. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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