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515 Santa Clara Avenue
Venice, CA 90291
Sold
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.
PROPERTY INFORMATION
| MLS # | TR23158495 | Lot Size | 5,210 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,250,000
Price Per SqFt: $ 992 |
DOM | 622 Days |
| Address | 515 Santa Clara Avenue | Type | Residential Income |
| City | Venice | Sq.Ft. | 2,268 Sq. Ft. |
| Postal Code | 90291 | Garage | 2 |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 0 / 0 | Parking | 2 |
| Built In | 1923 | Status | Closed |
| Sold Date | 2024-01-24 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Individual Room |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Oven, Gas Water Heater, Refrigerator |
| Has Heating | Yes |
| Heating Information | Natural Gas, Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate, Tile, Wood |
| EntryLocation | 1 |
| Entry Level | 1 |
| WindowFeatures | Screens |
| SecuritySafety | Carbon Monoxide Detector(s), Gated Community, Security Lights, Smoke Detector(s) |
EXTERIOR FEATURES
| Roof | Flat, Reflective |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Excellent Condition, Privacy, Wood |
WALKSCORE
Walk Score: 97 (Walker's Paradise)
Transit Score: 55 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,400
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/24/2024 | Sold | $2,195,000 |
| 11/08/2023 | Price Change (Relisted) | $2,385,000 (3.92%) |
| 09/29/2023 | Relisted | $2,295,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Jonathan Minerick, Homecoin.com. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
