553 Indiana Ave
SEE ALL PHOTOS
Sold

553 Indiana Ave

553 Indiana Ave, Venice, CA 90291

$1,658,700
Introducing an exceptional duplex in the heart of Venice, privately situated in a premiere location just three blocks from Abbot Kinney! This meticulously upgraded two unit property yields a 4% cap rate and offers immense opportunity within a short stroll to some of Los Angeles's best restaurants, coffee shops, boutiques and a short stroll to the beach, Venice Canals, and more. The front unit offers a 2-bed, 1-bath layout that welcomes you with an open floor plan featuring a renovated kitchen adorned with stainless steel appliances. Glass doors graciously open onto a secluded patio, creating a perfect indoor-outdoor ambiance. Hardwood floors grace every room, along with in-unit laundry facilities, and storage space abounds, complemented by generous closet spaces that cater to all your organizational needs. The second unit is a 1-bed/1-bath unit with granite counters, Pergo flooring, and a private backyard retreat. Both units are equipped with the convenience of in-unit laundry. The property also features a secure front entrance for added peace of mind and private parking for the rear unit, ensuring your comfort and safety. Additionally, separate electric and gas meters provide practicality and independence. This duplex represents a superb investment opportunity in the heart of Venice, ideally suited for a variety of uses. Whether you're seeking a dynamic income property or a chance to reside in one unit while leasing the other, this property offers unparalleled flexibility. Its location near Abbot Kinney, Rose, the Linc, and the Beach makes it a coveted address for those seeking the quintessential SoCal lifestyle.

3
beds

2
baths

1,382 Sq.Ft. LIVING AREA

3,780 Sq.Ft. lot

Harry Whelan IV

Harry Whelan IV

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms2
  • KITCHEN Tile Counters, Open to Family Room, Island
  • Laundry room In Unit, In Kitchen, Inside
  • Flooring Hardwood, Laminate, Wood, Tile
  • Fireplace None
  • APPLIANCES Oven-Gas, Cooktop - Gas
  • other interior Features Detached/No Common Walls, Open Floor Plan, Recessed Lighting

Area & Lot

  • Status Sold
  • Living Area1,382 Sq.Ft.
  • Lot Area3,780 Sq.Ft.
  • MLS® ID23-320401
  • YEAR BUILT1912
  • Architecture StylesCalifornia Bungalow
  • View DescriptionCourtyard
  • School DistrictLos Angeles Unified

Exterior

  • PoolNone
  • lot featuresFenced Yard, Lot-Level/Flat, Front Yard, Fenced, Back Yard
  • parkingOn street, Controlled Entrance, Door Opener, Driveway - Concrete, Gated
  • HEAT TYPEWall
  • AIR CONDITIONINGNone
  • sewerIn Street
  • HOA AmenitiesNone
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector, Gated
  • other exterior FeaturesNone

Financial

  • Sales Price$1,658,700
  • Zoning LARD1.5

LET'S TALK ABOUT YOUR HIGHEST POSSIBLE RETURN.