ActiveResidential · sale

614 5th Avenue

Venice, CA 90291

$5,225,000

  • 7 beds
  • 9 baths
  • 5,539 sq ft
  • 0.13 acres
  • Built 2019

Listed by Pardee Properties · MLS #26895515

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PROPERTY QUESTIONS & SHOWINGS

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614 5th Avenue, Venice, CA 90291 · MLS #26895515

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Above it all, the rooftop deck serves as a remarkable shared retreat, showcasing panoramic city and mountain views, distinct areas for each residence, and a fire pit that creates a natural gathering place.

Year built

Built in 2019.

Property size

0.13 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Striking modern duplex built in 2020, offers a rare combination of thoughtful design, lifestyle flexibility, and compelling long-term upside. Spanning approximately 5,539 square feet, the property is configured as two expansive full-floor residences, creating an ideal setting for multigenerational living, owner-user flexibility, or meaningful rental income. Live in one residence while maintaining independence for extended family, or lease the second unit to help offset ownership costs all without compromising privacy or quality of life. The upper residence features 4 bedrooms and 5 baths and is currently rented for $11,787 per month. The lower residence offers 3 bedrooms and 4 baths and is available for immediate owner occupancy or a new tenant. Together, the property encompasses 7 bedrooms, 7 full bathrooms, and 2 powder rooms, with thoughtfully designed en suite accommodations that give each resident a sense of privacy and comfort. The layout adapts effortlessly to changing needs, offering the freedom to live together, separately, or somewhere in between. Each residence is designed to function beautifully on its own, with open-concept living spaces, oversized kitchen islands, and premium Viking and Wolf appliances that make both everyday living and entertaining feel effortless. Expansive windows, high ceilings, and oversized sliding doors fill the interiors with natural light, while private balconies and outdoor spaces extend the living experience beyond the walls of each home. Above it all, the rooftop deck serves as a remarkable shared retreat, showcasing panoramic city and mountain views, distinct areas for each residence, and a fire pit that creates a natural gathering place. It perfectly captures the essence of the property: connection when desired, independence when needed. Five garage parking spaces further distinguish the property, while its exceptional Westside location places residents just steps from Abbot Kinney Boulevard, neighborhood shops, and the vibrant Rose Avenue corridor, with the beach also close by. Enjoy easy access to acclaimed dining, boutique shopping, cafes, wellness destinations, Silicon Beach, and the best of Venice's laid-back coastal lifestyle all within a highly walkable and coveted setting. Whether envisioned as a sophisticated multigenerational compound, an owner-user opportunity with income potential, or a strategic investment, this newer-construction duplex offers exceptional versatility today and exciting possibilities for the future. With the condominium conversion process already being pursued with the City of Los Angeles, a new owner has the opportunity to step into a property designed not only to live beautifully, but to evolve, perform, and potentially unlock substantial additional value over time.

THE NEIGHBORHOOD

Explore the location.

614 5th Avenue, Venice, CA 90291

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
2019
Full baths
0
Half baths
0
Heating
Central,ForcedAir
Appliances
Dishwasher,Disposal,GasRange,Microwave,Refrigerator,Dryer,Washer
Flooring
Tile
Zoning
LARD1.5
Parcel
4240014004

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$21,770.83
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26895515 · California Regional MLS

Listing brokerage: Pardee Properties
Listing agent: Elvira Davidson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.