705 6th Ave
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705 6th Ave
4 Unit Block of Flats £4,335,555 (£1,083,889/Unit) 5.26% Net Initial Yield Venice, CA 90291
Executive Summary
This rare opportunity in the heart of Venice Beach offers unmatched versatility, privacy, and luxury. Delivered fully vacant, this meticulously designed 4-unit property features a completely rebuilt front house, duplex, and brand-new construction ADU, making it a perfect investment or owner-occupant dream. The property has a turkey corporate rental system that is ready to go for any buyer looking to increase income and minimal turnover. Front House: Newly rebuilt in 2024, a spacious 3-bedroom, 3-bathroom two-story home with modern finishes and an open floor plan. Enjoy ample natural light through several perfectly placed skylights, a large kitchen, luxurious primary suite, private yard and in-unit laundry. Middle Duplex: Two newly remodeled and thoughtfully designed units, each boasting 3 bedrooms and 2 bathrooms. Both units offer comfortable layouts with open floor plans, private outdoor areas, and in-unit laundry. ADU (Accessory Dwelling Unit): Newly constructed in 2024, 2-bedroom, 2-bathroom free standing home with a stunning oversized rooftop deck. The expansive outdoor space includes an outdoor kitchen, ideal for entertaining, and breathtaking views of the city. Every unit has been crafted to provide the utmost privacy with custom-designed fencing and walkways throughout the property. Each residence includes its own large private outdoor space and in-unit laundry, making it a highly desirable living environment for future tenants or guests. Located just steps from Rose Blvd and Abbot Kinney Blvd, you're in the heart of everything Venice Beach has to offer: boutique shopping, top-rated restaurants, and iconic coastal living. This property is truly one-of-a-kind, offering flexibility, privacy, and an unbeatable location! Don't miss out on this unique Venice opportunity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £4,335,555 | Property Subtype | Apartment |
Price Per Unit | £1,083,889 | Building Class | C |
Sale Type | Investment | Lot Size | 0.13 AC |
Net Initial Yield | 5.26% | Building Size | 4,289 SF |
Sale Conditions | High Vacancy Property | Average Occupancy | 100% |
Gross Rent Multiplier | 13.08 | Number of Floors | 2 |
No. Units | 4 | Year Built | 1924 |
Property Type | Residential | Parking Ratio | 1.17/1,000 SF |
Price | £4,335,555 |
Price Per Unit | £1,083,889 |
Sale Type | Investment |
Net Initial Yield | 5.26% |
Sale Conditions | High Vacancy Property |
Gross Rent Multiplier | 13.08 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.13 AC |
Building Size | 4,289 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1924 |
Parking Ratio | 1.17/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+3 | 1 | £7,890 | 1,441 |
3+2 | 2 | £6,312 | 1,044 |
2+2 | 1 | £7,101 | 760 |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (97)
zoning
Zoning Code | LARD1.5 |
LARD1.5 |
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705 6th Ave
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