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Ernie Caponera

Newport Properties

ernie@newport-properties.com +1(714) 606-0926

$5,149,000

Est. payment - /mo

11 Beds

9 Baths

4,289 SqFt

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UPDATED:

02/22/2025 01:25 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,289 sqft

Price per Sqft $1,200

MLS Listing ID 25498789

Bedrooms 11

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1924

Lot Size 5,671 Sqft

Property Description

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. 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Carport, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

View Y/N Yes

View Mountain(s)

Total Parking Spaces 5

Private Pool No

Building

Story 2

Entry Level Two,Multi/Split

Architectural Style Traditional

Level or Stories Two, Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4239002026

Special Listing Condition Standard

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Listed by Tyler Kunkle • Pardee Properties

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

705 6th AVE Venice, CA 90291

Ernie Caponera

Key Details

Location

Interior

Exterior

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Others

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705 6th AVE