247 5th Ave, Los Angeles, CA 90291
247 5th Ave, Los Angeles, CA 90291
247 5th Ave, Los Angeles, CA 90291
10
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$1,250,000
Est. payment /mo
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4 Beds
2 Baths
1,708 SqFt
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247 5th Ave Los Angeles, CA 90291

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,708 sqft

Price per Sqft $731

MLS Listing ID 26862701

Bedrooms 4

Year Built 1947

Lot Size 4,185 Sqft

Acres 0.0958

Property Sub-Type Multi-Family

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 Venice

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Detached, Garage - 2 Car

Garage Spaces 2.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

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+1(718) 679-7822

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247 5th Ave