$1,750,000
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553 Indiana Ave Venice, CA 90291
3 Beds
2 Baths
1,382 SqFt
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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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Carolwood Estates