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$ 1,250,000
Est. payment /mo
New
247 5th AVE Los Angeles, CA 90291
4 Beds
2 Baths
1,708 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,708 sqft
Price per Sqft $731
MLS Listing ID 26862701
Bedrooms 4
HOA Y/N No
Year Built 1947
Lot Size 4,186 Sqft
Property Description
245 5th Avenue, a duplex in the heart of Venice blocks from the sand. Built in 1947 and owned by the same family for over forty years, this building presents a rare opportunity to own in one of the trendiest pockets in the city of Los Angeles. The offering is priced at $625,000 per unit and $731.85 per square foot. This is being sold concurrently with the fourplex at 315 Rose Avenue a few blocks West (they do not need to be purchased together). The property totals approximately 1,708 square feet of living space on a 4,185 SF LARD2 lot and features a unit mix of (2) 2BR/1BA units. The units average 854 square feet each, and are both currently tenant-occupied. There is a rear garage with space for (2) cars that is being used as shared storage by tenants. The roof of the duplex was replaced in the last five years, and the plumbing partially upgraded to copper in the last fifteen years. Most of the windows were replaced and upgraded to vinyl throughout as well, and each unit has its own washer and dryer. 245 5th Ave benefits from the proximity to popular dining and retail along Abbot Kinney and Main St, creating strong rental demand for this neighborhood.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Door-Multi, Garage
Carport Spaces 2
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4240007037
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816