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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).

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
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LARD1.5 (residential)
LARD1.5 (residential)
  • Listing ID: 32137813

  • Date on Market: 14/06/2024

  • Last Updated:

  • Address: 609 Broadway St, Venice, CA 90291

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