605 Indiana Ave Venice, CA 90291
Venice NeighborhoodEstimated payment $20,715/month
Highlights
- Gated Parking
- Cathedral Ceiling
- ADA Compliant
- Broadway Elementary Rated A-
- Built-In Features
- Bungalow
About This Home
This exceptional Triplex property presents a remarkable opportunity for investors seeking high rental yields in Venice Beach. Each unit has undergone a significant remodel in 2014, featuring beautiful distressed hardwood floors, farmhouse closet doors, custom cabinetry, and modern kitchens and bathrooms equipped with Caesarstone countertops and stainless steel appliances. The property boasts enhanced privacy with new landscaping, a secure electric gate, and dedicated parking for each unit. Unit 605 is the front Bungalow which is a spacious 3 bed, 2 bath home with a loft in one bedroom, cathedral ceilings in the living room, and a private front yard ideal for Venice Beach's indoor-outdoor lifestyle. Comes with 2 dedicated parking spaces & private laundry area. Unit 607 is a 2 bed, 2 bath layout featuring a private covered outdoor deck and its own entrance, along with designated parking & in unit stacked laundry .Unit 609 is the upper 2 bed, 2 bath space offers stunning roofline views and includes a dedicated parking space and separate pedestrian gate access w/ in unit laundry. Thanks to its prime location, just a short walk or bike ride from Abbot Kinney Blvd, Rose Ave, Lincoln Blvd, and the beach, these units consistently attract high market rents shortly after listing. Additionally, the duplex portion of the property is not subject to the Rent Stabilization Ordinance (RSO) as this was completed in 2014 per LADBS. Don't miss this rare opportunity to invest in a highly desirable Venice property! Contact the listing agent for more details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,595
Year Built
- Built in 1921
Lot Details
- 5,019 Sq Ft Lot
- Lot Dimensions are 60x84
Home Design
- Bungalow
Interior Spaces
- 2,638 Sq Ft Home
- 2-Story Property
- Built-In Features
- Cathedral Ceiling
- Ceiling Fan
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 5 Parking Spaces
- Private Parking
- Driveway
- Gated Parking
- On-Street Parking
- Assigned Parking
Accessible Home Design
- ADA Compliant
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Vented Exhaust Fan
- Cable TV Available
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- The owner pays for gardener, water
- Assessor Parcel Number 4239-003-007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,595 | $3,157,470 | $1,820,524 | $1,336,946 |
| 2024 | $37,595 | $3,095,560 | $1,784,828 | $1,310,732 |
| 2023 | $36,862 | $3,034,864 | $1,749,832 | $1,285,032 |
| 2022 | $35,138 | $2,975,358 | $1,715,522 | $1,259,836 |
| 2021 | $34,718 | $2,917,019 | $1,681,885 | $1,235,134 |
| 2020 | $35,083 | $2,887,110 | $1,664,640 | $1,222,470 |
| 2019 | $33,672 | $2,830,500 | $1,632,000 | $1,198,500 |
| 2018 | $22,410 | $1,846,102 | $1,292,842 | $553,260 |
| 2017 | $21,923 | $1,809,905 | $1,267,493 | $542,412 |
| 2016 | $21,270 | $1,760,408 | $1,242,641 | $517,767 |
| 2015 | $20,957 | $1,733,966 | $1,223,976 | $509,990 |
| 2014 | $21,030 | $1,700,000 | $1,200,000 | $500,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | For Sale | $3,300,000 | 0.0% | $1,251 / Sq Ft |
| 09/08/2023 09/08/23 | Rented | $6,600 | 0.0% | -- |
| 09/08/2023 09/08/23 | Under Contract | -- | -- | -- |
| 09/01/2023 09/01/23 | For Rent | $6,600 | +15.8% | -- |
| 05/22/2020 05/22/20 | Rented | $5,700 | 0.0% | -- |
| 05/19/2020 05/19/20 | Under Contract | -- | -- | -- |
| 05/16/2020 05/16/20 | For Rent | $5,700 | -8.8% | -- |
| 04/19/2019 04/19/19 | Rented | $6,250 | 0.0% | -- |
| 03/19/2019 03/19/19 | For Rent | $6,250 | +5.0% | -- |
| 04/18/2018 04/18/18 | Rented | $5,950 | 0.0% | -- |
| 04/05/2018 04/05/18 | Price Changed | $5,950 | -3.3% | $5 / Sq Ft |
| 02/19/2018 02/19/18 | For Rent | $6,150 | 0.0% | -- |
| 01/11/2018 01/11/18 | Sold | $2,775,000 | +2.8% | $1,007 / Sq Ft |
| 11/15/2017 11/15/17 | For Sale | $2,699,999 | +58.8% | $979 / Sq Ft |
| 12/16/2013 12/16/13 | Sold | $1,700,000 | +10.0% | $659 / Sq Ft |
| 10/20/2013 10/20/13 | Pending | -- | -- | -- |
| 07/22/2013 07/22/13 | For Sale | $1,545,000 | -- | $599 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,775,000 | Stewart Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,700,000 | Usa National Title Co | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Grant Deed | $799,000 | Investors Title Company | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $425,000 | Unknown | |
| Previous Owner | $268,000 | Credit Line Revolving | |
| Previous Owner | $570,000 | New Conventional | |
| Previous Owner | $639,000 | Purchase Money Mortgage | |
| Previous Owner | $105,000 | Unknown |
Source: The MLS
MLS Number: 25494949
APN: 4239-003-007
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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