653 Flower Avenue

    Venice, CA 90291
    • $1,900,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 20564714
    UPDATED: 65 min ago
    $1,900,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Charming 6-unit income property, great to buy & hold OR has tons of potential for re-development. First time on the market, this special property has been in the same family since 1924. Consists of an adorable front 2 bed 1 bath stand-alone house with all original hardwood floors and charm. Behind the house sit 4 studio apartments, behind the 4 identical studios- sits a 5th slightly smaller studio apartment. Quiet street, location and large lot with alley access all make this property very desirable. Prime location, less than a mile to the beach, nearby Abbot Kinney, Rose, and all that Venice has to offer. Please do not disturb tenants- Drive by OK. Agent/Broker do not guarantee accuracy of square footage, bed bath count, etc.. Property sold AS-IS.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T15:29:28.04. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/104311625

    653 Flower Avenue Venice, CA 90291

    • Price: $1,900,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: 20564714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1924
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Charming 6-unit income property, great to buy & hold OR has tons of potential for re-development. First time on the market, this special property has been in the same family since 1924. Consists of an adorable front 2 bed 1 bath stand-alone house with all original hardwood floors and charm. Behind the house sit 4 studio apartments, behind the 4 identical studios- sits a 5th slightly smaller studio apartment. Quiet street, location and large lot with alley access all make this property very desirable. Prime location, less than a mile to the beach, nearby Abbot Kinney, Rose, and all that Venice has to offer. Please do not disturb tenants- Drive by OK. Agent/Broker do not guarantee accuracy of square footage, bed bath count, etc.. Property sold AS-IS.
    Exterior Features

    Lot Size Units Square Feet Other Structures Shed(S) Parking Features Driveway - Brick Parking YN Yes

    Property Features

    Gross Income 102725.00 Gross Multiplier 18.49 Gross Operating Income 102725.00 Net Operating Income 93612.00 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 7.50 Zoning Lard1.5

    Listing provided courtesy of Jillian Allen of Plg Estates and Jessica Allen-Koontz of Real Estate Ebroker Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T15:29:28.04. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009