Venice, CA 90291,515 Santa Clara AVE
Venice, CA 90291,515 Santa Clara AVE
Venice, CA 90291,515 Santa Clara AVE
Venice, CA 90291,515 Santa Clara AVE
Venice, CA 90291,515 Santa Clara AVE
Venice, CA 90291,515 Santa Clara AVE
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$2,195,000

$2,250,000

2.4%
Est.Price: ?

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Est. payment /mo

5,209 Sqft Lot


SOLD DATE : 01/24/2024

Key Details

Sold Price $2,195,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID TR23158495

Sold Date 01/24/24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1923

Lot Size 5,209 Sqft

Property Description

This is the opportunity you've been waiting for. Location, location, location - just a short walk to the famous Abbott Kinney and some of the finest restaurants and coffee shops. This is a beautifully landscaped income property consisting of 6 spacious sun filled bungalow units with No LA Rent Control. The current cap rate is 5.2% and with rent increases easily over 6.1%. Each units has individual circuit breaker boxes in the apartment, spacious kitchens and bathrooms, flooring and water heaters. All 6 units have private decks with the 2 front units having incredibly huge decks within a private yard. The 2 middle units have newer mini split hvac units. The property is fully rented and the owners unit can be vacated. There is a garage consisting of 2 units and an attached common laundry room. In the back of the property there is also a barbeque and dining area. There is financing that can be assumed, please inquire as to the specifics. The location of this property makes it easy to walk for groceries, coffee, dining and just close to the beach.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile, Wood

Fireplace No

Appliance Gas Oven, Gas Water Heater, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Fence Excellent Condition, Privacy, Wood

Pool None

Community Features Sidewalks, Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat,Reflective

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4239026034

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Financing Contract

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Minerick • Homecoin.com • 888-400-2513
Bought with Archie Ogani • The Beverly Hills Estates
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6 Jenner, Unit # 250, Irvine, CA, 92618

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