705 6th Avenue
Venice, CA 90291
- – beds
- – baths
- – sqft
- 5,670 sqft lot
- 1924 build
- – on site
Rare investment opportunity in the heart of Venice: perfect for multi generational living! An unparalleled opportunity in the heart of Venice, this perfectly located and meticulously designed four-home property offers the perfect blend of togetherness and independence ideal for multi-generational living or a high-yield investment with a 5.7% cap rate. Currently operating as MTR at a 5.7% cap rate but can be delivered vacant for a traditional rental unit. At market rents on traditional 12 month lease the cap rate is 5.1%. The home is fully occupied at noted rents via the outstanding corporate rental platform however can be delivered VACANT at the close of escrow to suit a buyers needs. This unique gated sanctuary consists of a completely rebuilt two story front house, a spacious duplex, and a brand-new construction ADU with a rooftop deck, all designed to feel connected yet separate, with lush landscaping for natural privacy and security for each. Front House (3BD/3BA): Rebuilt in 2024, this modern two-story home is flooded with natural light from skylights and features an open floor plan, large kitchen, private bar/wine room, luxurious primary suite, private fenced yard, and in-unit laundry. Middle Duplex (Two 3BD/2BA Units): Thoughtfully remodeled, both units offer spacious open layouts, private outdoor areas enclosed by greenery, and in-unit laundry. Ideal for extended family, guests, or high-income rentals. ADU (2BD/2BA + Rooftop): Designed by renowned architect Robert Thibodeau, this brand-new (2024) standalone residence features an expansive rooftop deck with an outdoor kitchen and breathtaking city views a true private retreat. Each home is intentionally separated with custom fencing, hedges, and private walkways, ensuring residents have their own gated entrance and dedicate outdoor space. Located just moments from Rose Ave & Abbot Kinney Blvd, this property places you in the heart of Venice's best shopping, dining, and coastal lifestyle. A place where generations can come together, yet live independently. A rare chance to own a multi-home sanctuary in one of LA's most coveted neighborhoods.
Last checked:
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Last updated Mar 17, 2025
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MLS# 25498789 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1924
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New Construction:No
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Building Area Total:4289.00
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Total Number Of Units:4
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# of Buildings:3
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Architectural Style:Traditional
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Stories Total:2
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Common Walls:No Common Walls
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# of Separate Gas Meters:4
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# of Separate Electric Meters:4
Interior
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Features:Ceiling Fan(s)
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Levels:Multi/Split, Two
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Flooring:Wood
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Washer Included, Dryer Included
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Laundry:1
Financial & Terms
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Disclosures:Coastal Commission Restrictions, Coastal Zone
Location
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Directions:North of California, East of Abbot Kinney, South of Rose, West of Lincoln
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Latitude:33.99650400
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Longitude:-118.47004400
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Zoning:LARD1.5
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Lot Size Area:5670.0000
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Lot Size Acres:0.1302
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Lot Size SqFt:5670.00
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View:1
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View:Mountain(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4239002026
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Barbecue, Dishwasher, Disposal, Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Garage
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Parking Spaces:5.00
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Garage Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/25
Feb 14, 2025
|
Listed / Active | CRMLS_CA | $5,149,000 | 65.0% (23.5% / YR) |
|
10/7/24
Oct 7, 2024
|
Listed / Active | BRIDGE | ||
|
5/10/22
May 10, 2022
|
CRMLS_CA | $3,120,000 | 0.8% |
