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705 6th Ave, Venice, CA 90291

List Price: $4,549,000On Market FlagOn market
Feb 14, 20254,289 sqft11 beds9 baths
Listed by: Tyler Kunkle
License #: 01965642
Phone #: 310-993-7333
Pardee Properties
Source:
CRMLS Logo
MLS #: 25498789

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 5.56% cap rate. Currently operating as MTR at a 5.56% cap rate but can be delivered vacant for a traditional rental unit. At market rents on traditional 12 month lease the cap rate is 5.3%. 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$57,777

TurboHome Estimated Value

$4,200,400

$979 sqft

High Valuation
$4,410,420
$1028/sqft
Normal Valuation
$4,200,400
$979/sqft
Low Valuation
$3,990,380
$930/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$979/sqft$4,200,400

Neighborhood: Venice

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Comparative Value

$4.55M

$5.05M

705 6th Ave, Venice, CA 90291

List Price: $4,549,000

Subject Property

315 Vernon Ave, Venice, CA 90291

Sale Price: $5,050,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
705 6th Ave, Venice, CA 90291

705 6th Ave, Venice, CA 90291

List: $4,549,000

Listed: 2/14/2025

Area:4,289 sqft
Price/sqft:$1,061
Beds:11
Baths:9
Year Built:
Lot Size:5,670

Comparable Properties

COMPARABLE
Choose comps
315 Vernon Ave, Venice, CA 90291

315 Vernon Ave, Venice, CA 90291

Sale: $5,050,000

5/2/20250.28 mi

Area:4,826 sqft
Price/sqft:$1,046
Beds:11
Baths:8
Year Built:
Weight:100.0%

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