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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.

Overview

Property Status
Sold
Date Sold
December 12, 2023
Lot Size
3,780 Sq.Ft.
MLS ID
23-320401
Property Type
Multi-Family
Year Built
1912

Features & Amenities

Neighborhood
Los Angeles
Architecture Styles
California Bungalow
Water Frontage
None
View Description
Courtyard
Pool
None
Lot Features
Fenced Yard, Lot-Level/Flat, Front Yard, Fenced, Back Yard
Parking
On street, Controlled Entrance, Door Opener, Driveway - Concrete, Gated
Heat Type
Wall
Air Conditioning
None
Laundry Room
In Unit, In Kitchen, Inside
Fireplace
None
Appliances
Built-Ins, Dryer, Range/Oven, Refrigerator, Washer, Dishwasher, Hood Fan
Other Interior Features
Detached/No Common Walls, Open Floor Plan, Recessed Lighting
Sewer
In Street
Security Features
Carbon Monoxide Detector(s), Smoke Detector, Gated
School District
Los Angeles Unified
Sales Price
$1,658,700
Zoning
LARD1.5

Downloads

553 Indiana Ave

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 553 Indiana Ave, Venice, CA 90291

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.

Overview

Property Status
Sold
Date Sold
December 12, 2023
Lot Size
3,780 Sq.Ft.
MLS ID
23-320401
Property Type
Multi-Family
Year Built
1912

Features & Amenities

Neighborhood
Los Angeles
Architecture Styles
California Bungalow
Water Frontage
None
View Description
Courtyard
Pool
None
Lot Features
Fenced Yard, Lot-Level/Flat, Front Yard, Fenced, Back Yard
Parking
On street, Controlled Entrance, Door Opener, Driveway - Concrete, Gated
Heat Type
Wall
Air Conditioning
None
Laundry Room
In Unit, In Kitchen, Inside
Fireplace
None
Appliances
Built-Ins, Dryer, Range/Oven, Refrigerator, Washer, Dishwasher, Hood Fan
Other Interior Features
Detached/No Common Walls, Open Floor Plan, Recessed Lighting
Sewer
In Street
Security Features
Carbon Monoxide Detector(s), Smoke Detector, Gated
School District
Los Angeles Unified
Sales Price
$1,658,700
Zoning
LARD1.5

Downloads

553 Indiana Ave

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 553 Indiana Ave, Venice, CA 90291

553 Indiana Ave
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