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553 Indiana Avenue
Venice, CA 90291
Sold
Introducing an exceptional duplex in the heart of Venice, privately situated in a premiere location just three blocks from Abbot Kinney! This meticulously upgraded two unit property yields a 4% cap rate and offers immense opportunity within a short stroll to some of Los Angeles's best restaurants, coffee shops, boutiques and a short stroll to the beach, Venice Canals, and more. The front unit offers a 2-bed, 1-bath layout that welcomes you with an open floor plan featuring a renovated kitchen adorned with stainless steel appliances. Glass doors graciously open onto a secluded patio, creating a perfect indoor-outdoor ambiance. Hardwood floors grace every room, along with in-unit laundry facilities, and storage space abounds, complemented by generous closet spaces that cater to all your organizational needs. The second unit is a 1-bed/1-bath unit with granite counters, Pergo flooring, and a private backyard retreat. Both units are equipped with the convenience of in-unit laundry. The property also features a secure front entrance for added peace of mind and private parking for the rear unit, ensuring your comfort and safety. Additionally, separate electric and gas meters provide practicality and independence. This duplex represents a superb investment opportunity in the heart of Venice, ideally suited for a variety of uses. Whether you're seeking a dynamic income property or a chance to reside in one unit while leasing the other, this property offers unparalleled flexibility. Its location near Abbot Kinney, Rose, the Linc, and the Beach makes it a coveted address for those seeking the quintessential SoCal lifestyle.
PROPERTY INFORMATION
| MLS # | 23320401 | Lot Size | 3,780 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,750,000
Price Per SqFt: $ 1,266 |
DOM | 571 Days |
| Address | 553 Indiana Avenue | Type | Residential Income |
| City | Venice | Sq.Ft. | 1,382 Sq. Ft. |
| Postal Code | 90291 | Garage | N/A |
| County | Los Angeles | Year Built | 1912 |
| Bed / Bath | 3 / 0 | Parking | 2 |
| Built In | 1912 | Status | Closed |
| Sold Date | 2023-12-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Washer Included, Dryer Included, In Kitchen, Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Refrigerator, Gas Oven, Gas Cooktop |
| Kitchen Information | Tile Counters, Kitchen Open to Family Room, Kitchen Island |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Living Room, Primary Bathroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Wood, Laminate, Tile |
| InteriorFeatures Information | Open Floorplan, Recessed Lighting |
| EntryLocation | Ground Level w/steps |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Blinds |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s), Gated Community |
| Bathroom Information | Vanity area, Shower in Tub, Tile Counters |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
| Has Patio | Yes |
| Patio | Patio Open |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,867
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/21/2023 | Listed | $1,750,000 |
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(844)-333-8033
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Listing provided courtesy of Paige Ogden, Pardee Properties. 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.
