Venice, CA 90291,553 Indiana Ave

$1,750,000

Est. payment /mo
Est.Price: ?

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553 Indiana Ave Venice, CA 90291

3 Beds

2 Baths

1,382 SqFt

SOLD DATE : 12/12/2023

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,382 sqft

Price per Sqft $1,200

MLS Listing ID 23-320401

Style California Bungalow

Bedrooms 3

Year Built 1912

Lot Size 3,780 Sqft

Property Description

Introducing an exceptional duplex in the heart of Venice, privately situated in a premiere location just three blocks from Abbot Kinney! This meticulously upgraded two unit property yields a 4% cap rate and offers immense opportunity within a short stroll to some of Los Angeles's best restaurants, coffee shops, boutiques and a short stroll to the beach, Venice Canals, and more. The front unit offers a 2-bed, 1-bath layout that welcomes you with an open floor plan featuring a renovated kitchen adorned with stainless steel appliances. Glass doors graciously open onto a secluded patio, creating a perfect indoor-outdoor ambiance. Hardwood floors grace every room, along with in-unit laundry facilities, and storage space abounds, complemented by generous closet spaces that cater to all your organizational needs. The second unit is a 1-bed/1-bath unit with granite counters, Pergo flooring, and a private backyard retreat. Both units are equipped with the convenience of in-unit laundry. The property also features a secure front entrance for added peace of mind and private parking for the rear unit, ensuring your comfort and safety. Additionally, separate electric and gas meters provide practicality and independence. This duplex represents a superb investment opportunity in the heart of Venice, ideally suited for a variety of uses. Whether you're seeking a dynamic income property or a chance to reside in one unit while leasing the other, this property offers unparalleled flexibility. Its location near Abbot Kinney, Rose, the Linc, and the Beach makes it a coveted address for those seeking the quintessential SoCal lifestyle.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms None

Dining Room 0

Kitchen Tile Counters, Open to Family Room, Island

Interior

Heating Wall

Cooling None

Flooring Hardwood, Laminate, Wood, Tile

Fireplaces Type None

Equipment Built-Ins, Dryer, Range/Oven, Refrigerator, Washer, Dishwasher, Hood Fan

Laundry In Unit, In Kitchen, Inside

Exterior

Garage On street, Controlled Entrance, Door Opener, Driveway - Concrete, Gated

Garage Spaces 2.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N Yes

View Courtyard

Building

Lot Description Fenced Yard, Lot-Level/Flat, Front Yard, Fenced, Back Yard

Sewer In Street

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Pardee Properties
Bought with Carolwood Estates

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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