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Listing Details

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School Ratings & Info

Description

651 Angelus Place is a tastefully renovated 4 unit building located in the heart of world famous Venice, CA. The recently painted 1920's classic craftsman consists of four 1 bedroom/1 bath units, all of which are strongly positioned to attain market rents. In an area where parking is at a premium, residents of Angelus Pl enjoy two private 2 car garages, which could also be rented for additional future income or retained for the owner's use. There is on-site laundry with owned machines. All units share a private pet-friendly yard, while each upstairs unit features a private balcony. Featuring a stellar 87 walk score and 83 bike score, 651 Angelus Pl provides residents with many of the best things LA has to offer outside their front door. The property is a 7 minute bike ride to the beach, a 10 minute walk to the trendy Abbott Kinney Blvd shopping area, and central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco. Tenants with young children can walk their kids to Coeur d'Alene Avenue Elementary in 3 minutes! 651 Angelus Pl is very convenient to Santa Monica, Marina Del Rey, and major transportation corridors such as Lincoln Blvd and the 90 freeway. Major employers like Google, LMU, and LAX are also nearby. 651 Angelus Pl is a cash flow positive portfolio trophy!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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.
www.desertarealuxuryhomes.com/homes/115745958
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651 Angelus Pl Venice, CA 90291

  • Price: $1,999,000
  • Status: Active Under Contract
  • Updated: 53 min ago
  • MLS #: 21-713522
4
Beds
0
Baths
0
½ Baths
0.1
Acres
2,072
SQFT
$965
$/SQFT
1920
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
651 Angelus Place is a tastefully renovated 4 unit building located in the heart of world famous Venice, CA. The recently painted 1920's classic craftsman consists of four 1 bedroom/1 bath units, all of which are strongly positioned to attain market rents. In an area where parking is at a premium, residents of Angelus Pl enjoy two private 2 car garages, which could also be rented for additional future income or retained for the owner's use. There is on-site laundry with owned machines. All units share a private pet-friendly yard, while each upstairs unit features a private balcony. Featuring a stellar 87 walk score and 83 bike score, 651 Angelus Pl provides residents with many of the best things LA has to offer outside their front door. The property is a 7 minute bike ride to the beach, a 10 minute walk to the trendy Abbott Kinney Blvd shopping area, and central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco. Tenants with young children can walk their kids to Coeur d'Alene Avenue Elementary in 3 minutes! 651 Angelus Pl is very convenient to Santa Monica, Marina Del Rey, and major transportation corridors such as Lincoln Blvd and the 90 freeway. Major employers like Google, LMU, and LAX are also nearby. 651 Angelus Pl is a cash flow positive portfolio trophy!
Exterior Features

Covered Parking 4 Lot Size Area 4199 Other Structures Other Parking Garage Private Garage Paved YN Yes Total Parking 4

Interior Features

Baths Total 4.00 Cooling None Equipment MicrowaveRefrigeratorRange/OvenGarbage DisposalDryerWasher Flooring Hardwood Heating Wall Gas Laundry Community Laundry Equipment Own

Property Features

Alley YN Yes Assessed Total Value 501701 Gross Income 129948 Gross Operating Income 127850 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 91148.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterGasElectricityGardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 36702 Type Of Units Apartments Year Built Source Assessor Zoning Lar2

Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T23:42:31.727. 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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Palm Desert CA, 92260