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705 6Th Ave, Venice, CA 90291
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705 6Th Ave Venice, CA 90291

$3,120,000 Sold Price as of 05/10/2022
  • 8 Beds
  • 3 Baths
  • 2,903 Sq.Ft.
Sold
$3,120,000 Sold Price as of 05/10/2022 Refinance Your Mortgage
Map preview of 705 6Th Ave, Venice, CA 90291

Property Overview: 705 6Th Ave Venice, CA has 8 bedrooms, 3 bathrooms, 2,903 living square feet and 5,670 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Delivered VACANT at the close of escrow, and reimagined in 2019, this Triplex boasts three immaculately renovated units including one stand-alone 2 bed/1 bath craftsman bungalow and two large 3 bed/1bath units, each with in-unit laundry and a fully private, beautifully landscaped, courtyard garden. Fully turnkey, with a walk score of 89 and located in the center of the vibrant and creative Rose Corridor, this triplex has tremendous upside potential and the location cannot be beat -- close to the beach, Abbot Kinney, Main Street, and Lincoln Blvd. Refined design with the vibe and convenience of Venice living, a must see for any owner/user or investor! Plans for brand new ADU addition + expansion to front house available upon request and most of the furniture will be included in the sale.

Listed by Tyler Kunkle | BRE #01965642 | Pardee Properties
Co-listed by Tamra (Tami) Pardee | BRE #01421451 | Pardee Properties
Last checked: 11 minutes ago | Last updated: May 12th, 2022 | Source CRMLS | DOM: 188

Home details

Lot Sq. Ft
5,670
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21789406
City
Venice
County
Los Angeles
Time on Site
937 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $6,500
  • Total Rent: $6,500
  • Pro Forma/Market Rent: $6,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $6,300
  • Total Rent: $6,300
  • Pro Forma/Market Rent: $6,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $6,300
  • Total Rent: $6,300
  • Pro Forma/Market Rent: $6,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: --
  • Net Operating Income: $151,676
  • Gross Operating Income: $229,200
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 705 6Th Ave

Interior Features
Heating Information
  • Has Heating
  • Combination, Electric
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Inside, Individual Room
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Range, Range Hood, Oven
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 4239002026
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: South of Rose, West of Lincoln, North of Abbot Kinney, East of Main St
View more facts & features

Local Venice Agent

Sale History for 705 6Th Ave

Last sold for $3,120,000 on May 10th, 2022

  • May, 2022

  • May 10, 2022

    Date

    Sold

    CRMLS: 21789406

    $3,120,000

    Price

  • Sep 30, 2021

    Date

    Active

    CRMLS: 21789406

    $3,095,000

    Price

  • May, 2021

  • May 15, 2021

    Date

    Active

    CRMLS: 21727910

    $3,295,000

    Price

  • Listing provided courtesy of CRMLS

    Reimagined in 2016, with additional enhancements in 2019, this Triplex boasts three immaculately renovated units including one stand-alone 2 bed/1 bath historic Craftsman Cottage; one 3 bed/1 bath Garden Flat; and one 3 bed/1 bath Loft, each with a fully private and beautifully landscaped courtyard garden. Plus, plans for a brand new 2 bed/1bath ADU w/rooftop & garage along with expansion plans for a second story addition to the Cottage, created by a renowned Venice architect. These plans provide an amazing additional income opportunity for this stunning property. With a walk score of 89 and located in the center of the vibrant and creative Rose Corridor, this triplex has tremendous upside potential and the location cannot be beat -- close to the beach, Abbot Kinney, Main Street, and Lincoln Blvd. Refined design with the vibe and convenience of Venice living, a must see for any owner/user or investor! Property can be delivered Vacant at the close of escrow.

  • September, 2019

  • Sep 20, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2019

  • Jul 3, 2019

    Date

    Sold

    CRMLS: 18411050

    $2,674,500

    Price

  • Jun 19, 2019

    Date

    Pending

    CRMLS: 18411050

    $2,793,000

    Price

  • May 28, 2019

    Date

    Active Under Contract

    CRMLS: 18411050

    $2,793,000

    Price

  • Apr 25, 2019

    Date

    Price Change

    CRMLS: 18411050

    $2,793,000

    Price

  • Mar 14, 2019

    Date

    Price Change

    CRMLS: 18411050

    $2,865,000

    Price

  • Jan 18, 2019

    Date

    Active

    CRMLS: 18411050

    $2,993,000

    Price

  • Listing provided courtesy of CRMLS

    Designed by award-winning Venice design/build firm Aeries Development, this Triplex property boasts one stand-alone 2 bed/1 bath historic Craftsman Cottage; one 3 bed/1 bath Garden Flat; and one 3 bed/1 bath Loft - all delivered vacant! Each newly remodeled home is fully private and gated with its own dedicated, beautifully landscaped courtyard garden featuring a fire pit area for dining and entertaining. The eat-in chef's kitchens include brand new high-end Stainless Steel appliances, Nespresso machines, custom cabinetry, and Caesarstone countertops. Additional features include White Oak and Porcelain flooring, ceiling fans, silent convection heating, and full-size washer/dryers. There is 10-car parking in back - a rare find in Venice! With a walk score of 84 and cocated in the center of the vibrant and creative Rose Corridor, this triplex is close to the beach, Abbot Kinney Blvd, Main Street, and Lincoln Blvd. Refined design with the vibe and convenience of Venice living, a must see!

  • September, 2018

  • Sep 29, 2018

    Date

    Canceled

    CRMLS: 18382270

    $3,450,000

    Price

  • Sep 26, 2018

    Date

    Hold

    CRMLS: 18382270

    $3,450,000

    Price

  • Sep 5, 2018

    Date

    Active

    CRMLS: 18382270

    $3,450,000

    Price

  • Listing provided courtesy of CRMLS

    Designed by award-winning Venice design/build firm Aeries Development, this property boasts two 3 bedroom, 1 bathroom loft homes, and one stand-alone 2 bedroom,1 bathroom historic Craftsman home. Each newly remodeled home is fully private and gated with its own beautifully landscaped courtyard garden featuring a fire pit area for entertaining. Your eat-in chef's kitchen includes brand new high-end stainless steel appliances, a Nespresso machine, custom cabinetry, and Caesarstone countertops. Additional features include White Oak and Porcelain stone flooring, ceiling fans, silent convection heating, and full-size washer/ dryers. All units will be delivered completely vacant and there is 10-car parking available - a rare find in Venice! In the center of the vibrant and creative Rose Corridor close to the beach, Abbot Kinney Blvd, Main Street, Rose Avenue, and Lincoln Blvd. With a walk score of 84, this home is truly special. The convenience of Venice living in the most desirable location

  • November, 2015

  • Nov 10, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

Show More

Tax History for 705 6Th Ave

Assessed Value (2020): $2,674,000
Year Land Value Improved Value Assessed Value
2020 $1,874,000 $800,000 $2,674,000

Home Value Compared to the Market

This property vs the competition

705 6Th Ave sold on May 10, 2022 for 34.45% higher than the current median sold price for the city of Venice which is $2,302,000. The median sold price per/sqft for Venice is $1,155 and this home is sold at $1066.14 per/sqft which puts the price per square foot 7.69% lower than the current median sale per square foot for the city of Venice.

About 705 6Th Ave

Detailed summary of property

705 6Th Ave is a multi family that recently sold in Venice, CA 90291. This multi family property offered 8 bedrooms, 3 bathrooms, roughly 2,903 living square feet, and sits on an approximately 5,670 square foot lot. 705 6Th Ave was first listed on ArdentRealEstateGroup.com on September 30, 2021. The homeowner sold the property for $3,120,000. Home in Venice are selling for a median price of $2,302,000 and a median price per square foot of $1,155. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 34.45% higher than the current median priced home. Local homes that are currently for sale include 1833 Benecia Ave, 1556 S Beverly Glen Blvd and 3766 S Canfield Ave. While the average home in Venice, CA is selling in 106 days, 705 6Th Ave has a days on market of 188 days. There are currently 144 homes for sale in the Venice real estate market and 130 of them are single family homes while 10 of them are condos and 4 are townhomes. For more information on this home for sale at 705 6Th Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 705 6Th Ave

Public county record property details
Beds
8
Baths
3
Year built
1924
Sq. Ft.
2,903
Lot Size
5,669
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
4239-002-026

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
$2,599,000
Median List Price/Sq.Ft.
$1,308
Median Sold Price
$2,302,000
Median Sold Price/Sq.Ft.
$1,423
Total Inventory
139
Median Sale to List Price %
92.26%
Avg Days on Market
77
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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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.

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