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515 Santa Clara Avenue, Venice, CA 90291
$2,195,000
515 Santa Clara Avenue, Venice, CA 90291View this property at 515 Santa Clara Avenue, Venice, CA 90291
515 Santa Clara AvenueVeniceCA90291
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Property Description
This is the opportunity you've been waiting for. Location, location, location - just a short walk to the famous Abbott Kinney and some of the finest restaurants and coffee shops. This is a beautifully landscaped income property consisting of 6 spacious sun filled bungalow units with No LA Rent Control. The current cap rate is 5.2% and with rent increases easily over 6.1%. Each units has individual circuit breaker boxes in the apartment, spacious kitchens and bathrooms, flooring and water heaters. All 6 units have private decks with the 2 front units having incredibly huge decks within a private yard. The 2 middle units have newer mini split hvac units. The property is fully rented and the owners unit can be vacated. There is a garage consisting of 2 units and an attached common laundry room. In the back of the property there is also a barbeque and dining area. There is financing that can be assumed, please inquire as to the specifics. The location of this property makes it easy to walk for groceries, coffee, dining and just close to the beach.
Full Property Details
Full Property Details for 515 Santa Clara Ave
General
- Sold For: $2,195,000
- Status: Closed
- Type: Multi-Family
- MLS ID: TR23158495
- Added to Site: 252 day(s) ago
Interior
- Appliances: Gas Oven, Gas Water Heater, Refrigerator
- Flooring: Laminate, Tile, Wood
Rooms
Other Rooms
- Laundry: Common Area, Individual Room
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
- Parking Features: Garage Faces Rear
- Parking: Garage Faces Rear
Location
- Area: C11 - Venice
- County: Los Angeles
- Development Name: C11 - Venice
- Driving Directions: East of Abbot Kinney, West of Lincoln
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Architectural Style: Bungalow
- Roof: Flat, Reflective
- Windows: Screens
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,268
- Year Built: 1923
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 3
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.1196
- Lot Size Source: Assessor
- Lot Dimensions: 40 x 130
- Zoning: LARD1.5
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $967.81
- Price Per Unit: 375000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Homecoin.com, Jonathan Minerick
Sold by The Beverly Hills Estates, Archie Ogani
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Schools
Schools serving 515 Santa Clara Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1010 Abbot Kinney Blvd, Venice, CA 90291 | K-5 | 0.2 mi | |
2224 Walgrove Ave, Los Angeles, CA 90066 | 6-8 | 1.3 mi | |
13000 Venice Blvd, Los Angeles, CA 90066 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 Santa Clara Ave
Date
Details
Price
Change
Source
1/24/2024
Sold
$2,195,000
-2.44%
MLS
11/27/2023
Price Reduced
$2,250,000
-5.66%
MLS
11/08/2023
Price Increased
$2,385,000
3.92%
MLS
9/12/2023
Price Reduced
$2,295,000
-5.56%
MLS
8/24/2023
Listed
$2,430,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
515 Santa Clara Avenue, Venice, CA 90291 (MLS# TR23158495) is a Multi-Family property that was sold at $2,195,000 on January 24, 2024. Want to learn more about 515 Santa Clara Avenue? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.