245 5th Avenue, a duplex in the heart of Venice blocks from the sand. Built in 1947 and owned by the same family for over forty years, this building presents a rare opportunity to own in one of the trendiest pockets in the city of Los Angeles. The offering is… Read More priced at $625,000 per unit and $731.85 per square foot. This is being sold concurrently with the fourplex at 315 Rose Avenue a few blocks West (they do not need to be purchased together). The property totals approximately 1,708 square feet of living space on a 4,185 SF LARD2 lot and features a unit mix of (2) 2BR/1BA units. The units average 854 square feet each, and are both currently tenant-occupied. There is a rear garage with space for (2) cars that is being used as shared storage by tenants. The roof of the duplex was replaced in the last five years, and the plumbing partially upgraded to copper in the last fifteen years. Most of the windows were replaced and upgraded to vinyl throughout as well, and each unit has its own washer and dryer. 245 5th Ave benefits from the proximity to popular dining and retail along Abbot Kinney and Main St, creating strong rental demand for this neighborhood. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
4
3/4 Baths
2
Square Ft.
1,708
Lot Size
0.1 Acres
Year Built
1947
MLS Number
26862701
Additional Details
Building
Built in 1947, Living area: 1708.0, 1 building, 1 storey, Levels: One
Cooling
None
Heating
None
Income
Gross Income: $38,664, Net Operating Income: $16,718
Lot
0.0961 acres
Parking
2 carport spaces, 2 total parking spaces, DoorMulti, Garage
Taxes
Parcel Number: 4240007037, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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