Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

5,539 sqft

Lot size

5,672 sqft

Year built

2019

Stories

2

Heating

Forced Air,Central

Status

Active

Days on market

41

MLS #

246904527

About this property

Built in 2020, this approximately 5,539-square-foot Venice duplex pairs two expansive, full-floor residences with five garage parking spaces. The upper residence offers 4 bedrooms and 5 bathrooms and is currently rented for $11,787 per month; the lower has 3 bedrooms and 4 bathrooms and is available for owner occupancy or a new tenant. Together, the property includes 7 bedrooms, 7 full bathrooms, and 2 powder rooms, with en suite accommodations in both homes. Each residence features open-concept living areas, an oversized kitchen island, and premium Viking and Wolf appliances. High ceilings, expansive windows, and oversized sliding doors bring natural light into the interiors, while private balconies and outdoor spaces extend the living areas outside. A shared rooftop deck offers panoramic city and mountain views, separate areas for each residence, and a fire pit. The property's spacious layout and quality construction are complemented by wood detailing on the closet doors. Located steps from Abbot Kinney Boulevard, neighborhood shops, and the Rose Avenue corridor, the duplex is also close to the beach, dining, boutiques, cafes, and wellness destinations, with access to Silicon Beach. The two-unit configuration offers options for owner use and rental income; the upper unit's current rent is stated above. A condominium conversion process is being pursued with the City of Los Angeles, though its outcome and any resulting value are not assured. Schedule a private showing to explore the property.

Location

614 5th Avenue

Venice, Los Angeles, CA, 90291