609 Broadway St, Venice, CA 90291
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609 Broadway St Venice, CA 90291

$4,995,000
  • 10 Beds
  • 10 Baths
  • 6,134 Sq.Ft.
For Sale
$4,995,000 Get Pre-Qualified

Map preview of 609 Broadway St, Venice, CA 90291

Property Overview: 609 Broadway St Venice, CA has 10 bedrooms, 10 bathrooms, 6,134 living square feet and 5,199 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Indulge in the unparalleled sophistication of this exceptional architectural masterpiece crafted by the esteemed Venice Architect, Robert Thibodeau. Nestled just moments away from the vibrant Abbot Kinney, this Venice Beach duplex stands as a testament to luxury living. Comprising a meticulously designed 4-bedroom, 4-bathroom front unit, and a tastefully appointed 3-bedroom, 3-bathroom back unit, the residence boasts an expansive total of over 6,000 sq ft. Each unit is a testament to fine craftsmanship, featuring Caesar stone Kitchen countertops, opulent Carrera-covered bathrooms, stylish Cedar siding, and the timeless elegance of white oak hardwood flooring. State-of-the-art, high-end appliances further elevate the culinary experience in this architectural gem. The allure of these duplex units is heightened by their 1,400 sq ft loft-like great rooms adorned with soaring 15' ceilings, creating an ambiance of spacious luxury. Additionally, each unit boasts private rooftop decks, providing a serene retreat with breathtaking views. Distinguished by a thoughtful layout, the main suite graces the entire third level, ensuring a private sanctuary. The entry-level of each unit is dedicated to additional bedrooms and bathrooms, an inviting entertainment room, and a capacious 4-car garage, seamlessly blending practicality with opulence. This property presents an outstanding opportunity for diverse uses, catering to the discerning preferences of an owner-user, those seeking a 1031 exchange, astute investors, corporate housing requirements, and the unique needs of co-living or sober-living arrangements. Embrace the epitome of refined living in this award-winning architectural duplex, where every detail exudes a harmonious blend of style, comfort, and functionality.

Listed by Alex Baker | BRE #01999006 | Pardee Properties
Co-listed by Kerry Ann Sullivan | BRE #01927932 | Pardee Properties
Last checked: 3 minutes ago | Last updated: December 8th, 2023 | Source CRMLS | DOM: 102
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Home details

Lot Sq. Ft
5,199
HOA Dues
$0/mo
Year built
2021
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23335007
City
Venice
County
Los Angeles
Time on Site
118 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $13,500
  • Total Rent: $13,500
  • Pro Forma/Market Rent: $16,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $14,000
  • Total Rent: $14,000
  • Pro Forma/Market Rent: $15,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $330,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 609 Broadway St

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Property Details for 609 Broadway St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 4239012043
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Rose Ave, East of Abbot Kinney Blvd., West of Lincoln Blvd.
View more facts & features

Local Venice Agent

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Sale History for 609 Broadway St

Last leased for $13,500 on November 20th, 2023
  • March, 2024

  • Mar 20, 2024

    Date

    Active

    CRMLS: 24371657

    $13,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this stunning architectural masterpiece in the heart of Venice Beach, just moments from the sand and surf. Meticulously crafted by Venice Architect, Robert Thibodeau, this contemporary home boasts sleek lines and luxurious finishes, offering the epitome of modern California living. Upon entry, you are greeted by an abundance of natural light that floods the open-concept living spaces, creating a warm and inviting atmosphere. Featuring soaring 15' ceilings on the second floor, incredible Caesarstone countertops, the gourmet kitchen is built to be a culinary dream with top-of-the-line appliances, custom cabinetry, and a large center island, perfect for entertaining guests or preparing a gourmet meal.

  • November, 2023

  • Nov 30, 2023

    Date

    Active

    CRMLS: 23335007

    $4,995,000

    Price

  • November, 2023

  • Nov 20, 2023

    Date

    Leased

    CRMLS: 23311493

    $13,500

    Price

  • Sep 14, 2023

    Date

    Active

    CRMLS: 23311493

    $16,500

    Price

  • Listing provided courtesy of CRMLS

    This spacious contemporary marvel is ideally situated in prime Venice close to top restaurants and boutiques on the world famous Abbot Kinney. This tri-level front-facing unit feels like a home. The ground floor offers a lounge/office plus 3 bedrooms, 2 bathrooms and a patio. The great room on the second floor is stunning with wide-plank hardwood floors, soaring ceilings and an open concept chef's kitchen with huge island and bar seating. Built-in refrigerator and freezer and a 48 inch stove with double ovens. This truly provides the ideal space for large-scale entertaining or casual living. Moving up to the third level, there is a primary bedroom suite equipped with a luxurious en-suite bathroom with tub, separate shower, dual vanities and well-appointed walk-in closet. The expansive rooftop provides a panoramic view perfect for capturing the sunset while enjoying the fire feature and large wood deck and lounge. The unit also comes with a two-car garage. Convenient to Silicon Beach offices and the world famous beach.

  • October, 2023

  • Oct 23, 2023

    Date

    Expired

    CRMLS: 23282945

    $5,495,000

    Price

  • Jun 22, 2023

    Date

    Active

    CRMLS: 23282945

    $5,849,000

    Price

  • Listing provided courtesy of CRMLS

    A newly constructed contemporary duplex in the heart of Venice just blocks away from LA's trendiest street, Abbot Kinney. Completed in 2022, this legal duplex with fully approved Condo entitlements showcases an impeccable architectural design by the acclaimed architect Robert Thibodeau, with a front house featuring 4 beds/4 baths, and a back house offering 3 beds/3 baths, resulting in a generous combined area of over 6,000 sq. ft. Outstanding features abound in this property, including Caesarstone kitchen countertops, stylish Carrera covered bathrooms, eye-catching cedar siding, exquisite white oak hardwood floors, and top-of-the-line appliances. Each structure is enhanced by a spacious loft area of 1,400 sq. ft. with impressive 15-foot ceilings and private rooftop decks, providing a serene retreat for relaxation and leisure. The main suite occupies the entire top floor of each home, while the entry level of each structure encompasses the remaining bedrooms and bathrooms, an entertainment room, and a convenient 4-car garage. The duplex currently generates an impressive $30,000 per month in collective rents from stable credit tenants with 12-month leases, with the front residence (4 beds spanning 2,916 sq. ft.) leased at $16,000/mo., and the back residence (3 beds and an ample 3,218 sq. ft.) leased at $14,000/mo., with separate utility meters. Furthermore, LA County has granted approval for the conversion of these two homes into condominiums. Upon the expiration of the existing leases, the new owner will have the flexibility to either enjoy both residences, or consider retaining one for personal use while selling/leasing the other unit.

  • June, 2023

  • Jun 23, 2023

    Date

    Canceled

    CRMLS: 22198931

    $5,995,000

    Price

  • Sep 12, 2022

    Date

    Active

    CRMLS: 22198931

    $5,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this brand new construction duplex situated at 609 Broadway Street in Venice, CA. The property is less than one mile from the world famous Venice Beach.Built in 2022, this duplex boasts exquisite architecture designed by award-winning Venice architect Robert Thibodeau. This Venice Beach duplex located blocks from Abbot Kinney consists of a 4 bed / 4 bath front unit and a 3 bed / 3 bath back unit, totaling over 6,000 SqFt. Features include Caesar stone Kitchen countertops, Carrera covered bathrooms, Cedar siding, white oak hardwood flooring, and high-end appliances. Both units have a 1,400 SqFt loft similar to a great room with 15 foot ceilings and private rooftop decks. The main suite comprises the entire third level, while the entry-level of each unit consists of the remaining bedrooms and bathrooms, an entertainment room, and a 4-car garage. The property received certificate of occupancy in August 2022 as a duplex, and the sellers received a letter of determination from LA City approving these two units to be converted to condos. LA County approval for a tract map with individual APNs is still more than a year away, but in the meantime the buyer can enjoy great cash flow from this recently leased and stabilized property. After those leases expire next year, the buyer would have the option to sell these two units individually, or they could sell one unit and keep/move-in the other unit. The 4 bedroom in front is a 2,916 square foot unit which was recently leased at $16,000 per month ($5.49 per SqFt).The 3 bedroom back house is a very large 3,218 square foot unit which was just leased at $14,000 per month ($4.35 per SqFt).Combined, this property collects an impressive $30,000 per month in rent. The units are separately metered for all utilities including water so the tenants pay for everything inside the unit. The only expenses for the owner are property taxes, insurance, and common area maintenance including landscaping. In total, the expenses are estimated to be about 23% of the gross income giving the buyer an impressive 4.50% CAP rate from day 1 of ownership.

  • March, 2023

  • Mar 15, 2023

    Date

    Active

    CRMLS: 23251399

    $14,000

    Price

  • Mar 15, 2023

    Date

    Leased

    CRMLS: 23251399

    $14,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2022

  • Aug 12, 2022

    Date

    Leased

    CRMLS: 22182543

    $16,000

    Price

  • Jul 25, 2022

    Date

    Active

    CRMLS: 22182543

    $16,000

    Price

  • Listing provided courtesy of CRMLS

    Exquisite architectural townhome designed by award-winning Venice Architect Robert Thibodeau. Spread over 3 levels, this 4 bedroom and 4 bathroom townhouse includes oak flooring, cedar siding, and Caesarstone kitchen counters with top-of-the-line appliances. The second-level living room has 15' ceilings, and the primary suite occupies the entire 3rd level. Private rooftop deck and private parking for 2 cars. Perfectly situated blocks from Abbot Kinney, the beach, and everything Venice has to offer.

  • July, 2022

  • Jul 18, 2022

    Date

    Expired

    CRMLS: 22153742

    $2,995,000

    Price

  • May 5, 2022

    Date

    Active

    CRMLS: 22153742

    $3,195,000

    Price

  • Listing provided courtesy of CRMLS

    Stunning newly constructed architectural townhome in Venice! This gorgeous sun-filled home designed by award-winning architect Robert Thibodeau offers 4 bedrooms and 4 bathrooms spread over 3 levels plus a fantastic rooftop deck. The Scandinavian-inspired interiors feature beautiful white oak flooring, cedar siding, stylish black accents, bronze fixtures, Caesarstone kitchen counters, and clean minimalist design throughout. The massive living room has soaring 15-foot ceilings and opens to the dining area and chef's kitchen, which offers chic blonde wood cabinets and top-of-the-line appliances. The primary bedroom suite occupies the entire top floor and has dual closets and Carrara marble bathroom with soaking tub and rainfall shower, while the guest bedrooms and bathrooms are located on the ground floor. The private rooftop deck with built-in firepit is the perfect spot to entertain and watch the amazing SoCal sunsets. Garage parking for 2 cars. Great Venice location, just blocks from Abbot Kinney and the beach, close to Whole Foods, Gjusta, The Rose and tons of other Venice hotspots! Sold as a TIC.

  • May, 2022

  • May 6, 2022

    Date

    Canceled

    CRMLS: 22144839

    $5,995,000

    Price

  • Apr 12, 2022

    Date

    Active

    CRMLS: 22144839

    $5,995,000

    Price

  • Listing provided courtesy of CRMLS

    Stunning newly constructed architectural beauty in Venice! This gorgeous, flexible home designed by award-winning architect Robert Thibodeau offers a sun-filled 4 bedroom, 4 bathroom main house plus an equally impressive 3 bedroom, 3 bathroom bonus unit. The Scandinavian-inspired interiors feature beautiful white oak flooring, cedar siding, stylish black accents, bronze fixtures, Caesarstone kitchen counters, and clean minimalist design throughout. The massive living room has soaring 15-foot ceilings and opens to the dining area and chef's kitchen, which offers chic blonde wood cabinets and top-of-the-line appliances. In both the main house and bonus unit, the primary bedroom suite occupies the entire top floor and has dual closets and Carrara marble bathroom with soaking tub and rainfall shower, while the guest bedrooms and bathrooms are located on the ground floor. The 2 private rooftop decks with built-in firepits are the perfect spot to entertain and watch the amazing SoCal sunsets. Garage parking for 4 cars. Great Venice location, just blocks from Abbot Kinney and the beach, close to Whole Foods, Gjusta, The Rose and tons of other Venice hotspots!

  • March, 2022

  • Mar 10, 2022

    Date

    Canceled

    CRMLS: 21791784

    $6,250,000

    Price

  • Oct 5, 2021

    Date

    Active

    CRMLS: 21791784

    $6,250,000

    Price

  • Listing provided courtesy of CRMLS

    Exquisite architectural duplex designed by award-winning Venice Architect Robert Thibodeau. This Venice Beach duplex located blocks from Abbot Kinney consists of a 4-bedroom, 4-bathroom front unit and a 3-bedroom, three bathrooms back unit, totaling over 6,000 sq ft. Features include Caesar stone Kitchen countertops, Carrera covered bathrooms, Cedar siding, white oak hardwood flooring, and high-end appliances. Both units have a 1,400 sq ft loft like a great room with 15' ceilings and private rooftop decks. The main suite comprises the entire third level, while the entry-level of each unit consists of the remaining bedrooms and bathrooms, an entertainment room, and a 4-car garage. Excellent opportunity for an owner-user, 1031 exchange, savvy investor, corporate housing, and co-living/sober-living. Similar units in the neighborhood are taking advantage of corporate housing and leasing above-average market rents.

  • June, 2016

  • Jun 16, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

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Tax History for 609 Broadway St

Assessed Value (2020): $1,623,646
Year Land Value Improved Value Assessed Value
2020 $1,298,917 $324,729 $1,623,646

Home Value Compared to the Market

This property vs the competition

609 Broadway St is listed 78.52% higher than the median list price for the city of Venice which has a median list price of $2,798,000. The median price per/sqft for Venice is $1,235 and this home is listed at $814.31 per/sqft which puts the price per square foot 34.06% lower than the median price per square foot for the city of Venice.

About 609 Broadway St

Detailed summary of property

609 Broadway St is a multi family located in Venice, CA 90291 and is currently for sale. This multi family property offers 10 bedrooms, 10 bathrooms, roughly 6,134 living square feet, and sits on an approximately 5,199 square foot lot. 609 Broadway St was first listed on ArdentRealEstateGroup.com on December 1, 2023. The homeowner is currently asking $4,995,000. The median priced home in Venice is $2,798,000 with a median price per square foot of $1,235. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 78.52% higher than the median priced home. Local competing homes currently for sale include 3749 Westwood Blvd, 10786 Missouri Ave and 3729 Delmas Terrace. While the average home in Venice, CA is selling in 106 days, 609 Broadway St has a days on market of 102 days. There are currently 143 homes for sale in the Venice real estate market and 129 of them are single family homes while 9 of them are condos and 5 are townhomes. For more information on this home for sale at 609 Broadway St Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 609 Broadway St

Public county record property details
Beds
4
Baths
2
Year built
1900
Sq. Ft.
1,773
Lot Size
5,198
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
4239-012-043

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,798,000
Median List Price/Sq.Ft.
$1,253
Median Sold Price
$1,795,000
Median Sold Price/Sq.Ft.
$1,104
Total Inventory
134
Median Sale to List Price %
100%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (18.18%), Other (27.27%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.