Venice, CA 90291,553 Indiana AVE

$1,658,700

Est. payment /mo

$1,750,000

5.2%
Est.Price: ?

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553 Indiana AVE Venice, CA 90291

3 Beds

2 Baths

1,382 SqFt

SOLD DATE : 12/12/2023

Key Details

Sold Price $1,658,700

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,382 sqft

Price per Sqft $1,200

MLS Listing ID 23320401

Sold Date 12/12/23

Bedrooms 3

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1912

Lot Size 3,781 Sqft

Acres 0.0868

Property Description

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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Rooms

Ensuite Laundry Inside, In Kitchen

Interior

Interior Features Open Floorplan, Recessed Lighting

Laundry Location Inside,In Kitchen

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Dryer, Washer

Laundry Inside, In Kitchen

Exterior

Garage Controlled Entrance, Concrete, Garage, Garage Door Opener, Gated, On Street

Pool None

Community Features Gated

View Y/N Yes

View Courtyard

Porch Open, Patio

Parking Type Controlled Entrance, Concrete, Garage, Garage Door Opener, Gated, On Street

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4239002030

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

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Paige Ogden • Pardee Properties
Bought with Harry Whelan • Carolwood Estates

GUIDE SoCal

Broker | License ID: DRE#01976964

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