2021 Townhome Duplex by Abbot Kinney | 609 Broadway St
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2021 Townhome Duplex by Abbot Kinney 609 Broadway St
2 Unit Block of Flats £3,699,168 (£1,849,584/Unit) 5.43% Net Initial Yield Venice, CA 90291
Investment Highlights
- 2021 townhome duplex, located blocks from Abbot Kinney, which features a VACANT 4-bdrm. & 4-bath townhouse unit with a rooftop deck
- Less than a mile from a selection of lively community hubs including Abbot Kinney (0.4 Mile), Rose Ave, Venice Beach (0.6 mile), & Ocean Park (1 Mile)
- Designed by award-winning architect Robert Thibodeau & blends unique architectural details, elegance, functionality, and a premier walkable location
- Scandinavian-inspired architecture, redwood ceilings, signature 15 foot ceilings, Caesarstone countertops, top-of-the-line appliances & more
Executive Summary
609 & 611 Broadway is a Scandinavian-inspired townhome duplex designed by award-winning Venice architect Robert Thibodeau of Design Universal Architects. Built in 2021, this new construction property embodies the Venice lifestyle many dreams about, blending unique architectural details, elegance, functionality, and a premier walkable location. Located one block south of Brooks Ave, its central Venice location offers compelling fundamentals, abundant entertainment and dining amenities, and convenient access to employment hubs throughout Silicon Beach. 609 & 611 Broadway are less than a mile from a selection of lively community hubs, including Abbot
Kinney (0.4 Mile), Rose Ave, Venice Beach (0.6 mile), and Ocean Park (1 Mile). This turnkey investment features(1) VACANT 4-bdrm. and 4-bath 3-story townhome w/ rooftop deck and (1) 3-bdrm. and 3-bath 3-story townhome w/ rooftop deck. Each townhome’s layout is meticulously designed, allowing for flexibility between comfortable and luxurious daily living, entertaining, and al-fresco dining. Designed by Robert Thibodeau, this well-known architect believes in regional modernism and working with the local climate and lifestyle. He achieves this concept by getting light, protecting privacy, and working with textures and materials native to the area. Each contemporary townhome features Scandinavian-inspired architecture, redwood ceilings in the 2nd-floor living area and primary suite, signature 15-foot ceilings for an open and airy entertainment space, Caesarstone countertops, top-of-the-line appliances, recessed lighting, and a rooftop deck with a fire pit. Property amenities include in-unit washer and dryer, gated and secured entry, (2) 1-car garages and surface parking spaces. 609 & 611 Broadway presents a future value-added opportunity, as the duplex may be converted into individual condos (buyer to verify).
Kinney (0.4 Mile), Rose Ave, Venice Beach (0.6 mile), and Ocean Park (1 Mile). This turnkey investment features(1) VACANT 4-bdrm. and 4-bath 3-story townhome w/ rooftop deck and (1) 3-bdrm. and 3-bath 3-story townhome w/ rooftop deck. Each townhome’s layout is meticulously designed, allowing for flexibility between comfortable and luxurious daily living, entertaining, and al-fresco dining. Designed by Robert Thibodeau, this well-known architect believes in regional modernism and working with the local climate and lifestyle. He achieves this concept by getting light, protecting privacy, and working with textures and materials native to the area. Each contemporary townhome features Scandinavian-inspired architecture, redwood ceilings in the 2nd-floor living area and primary suite, signature 15-foot ceilings for an open and airy entertainment space, Caesarstone countertops, top-of-the-line appliances, recessed lighting, and a rooftop deck with a fire pit. Property amenities include in-unit washer and dryer, gated and secured entry, (2) 1-car garages and surface parking spaces. 609 & 611 Broadway presents a future value-added opportunity, as the duplex may be converted into individual condos (buyer to verify).
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £3,699,168 | Apartment Style | Townhome |
Price Per Unit | £1,849,584 | Building Class | B |
Sale Type | Investment | Lot Size | 0.12 AC |
Net Initial Yield | 5.43% | Building Size | 6,134 SF |
Gross Rent Multiplier | 13.6 | Average Occupancy | 50% |
No. Units | 2 | Number of Floors | 3 |
Property Type | Residential | Year Built | 2021 |
Property Subtype | Apartment | Parking Ratio | 0.65/1,000 SF |
Price | £3,699,168 |
Price Per Unit | £1,849,584 |
Sale Type | Investment |
Net Initial Yield | 5.43% |
Gross Rent Multiplier | 13.6 |
No. Units | 2 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | B |
Lot Size | 0.12 AC |
Building Size | 6,134 SF |
Average Occupancy | 50% |
Number of Floors | 3 |
Year Built | 2021 |
Parking Ratio | 0.65/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Security System
- Tile Floors
- Wooden Floors
- Vaulted Ceiling
- Stainless Steel Appliances
- Views
- Walk-In Closets
- Deck
- Dining Room
- Skylights
Site Amenities
- Controlled Access
- Security System
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
4+4 | 1 | £12,728 | - |
3+3 | 1 | £9,944 | - |
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Biker's Paradise (97)
zoning
Zoning Code | LARD1.5 (residential) |
LARD1.5 (residential) |
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2021 Townhome Duplex by Abbot Kinney | 609 Broadway St
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