205-207 5th Ave
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205-207 5th Ave
2 Unit Apartment Building $2,250,000 ($1,125,000/Unit) Venice, CA 90291
Executive Summary
This two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, boutiques, and more. Walking distance to Whole Foods, parks, and more. Everything you could want or need is here.
Property Facts
| Price | $2,250,000 | Lot Size | 0.10 AC |
| Price Per Unit | $1,125,000 | Building Size | 2,743 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Building Class | C |
| Price | $2,250,000 |
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,743 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2015 |
| Parking Ratio | 1.09/1,000 SF |
Unit Amenities
- Balcony
- Breakfast Nook
- Deck
- Mother-in-law Unit
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
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Walk Score ®
Very Walkable (86)
Bike Score ®
Biker's Paradise (98)
zoning
| Zoning Code | LARD2 |
| LARD2 |
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205-207 5th Ave
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