Movoto Real Estate
Sold on 12/26/2024
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205 5th Ave, Venice, CA 90291

  • $2,437,000

    Last sold 12/26/2024 for $2.21M

  • 5

    bed

  • 4

    bath

  • 2,743

    Sqft ($808/Sqft)

Multi-family not for sale
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About 205 5th Ave

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 4,141 Sqft
Movoto estimate
Parking 1 garage spaces
Property description
Welcome to this timeless and dreamy Spanish duplex located in the vibrant Rose Corridor, nestled between Venice and Santa Monica (seller open to partial seller financing at 6% for 2 years!). With the perfect blend of classic elegance, timeless style, and modern upgrades, this two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, and boutiques. Also, just a short stroll to Whole Foods, parks, and more.
Listed by
Listing Agent - Tamra (Tami) Pardee
Listing Office - Pardee Properties
Source: The MLS mls logo
MLS#24-465725 • last updated 1 year ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Two
MLS # 24-465725
Type Residential Income
Status Sold
SqFt 2743
Lot Size (SqFt) 4141
Lot Size (Acres) 0.0951
Year Built 1929
Interior
Bathroom Desc Shower Over Tub, Shower Stall
Total # of Baths 4
Total # of Bedrooms 5
Other Room(s) Bonus Room, Living Room, Dining Area
Laundry Own
Flooring Hardwood, Tile, Vinyl Tile
Fireplace Desc Decorative, Living Room
Appliances Oven
Exterior
# Carport Spaces 2
# Garage Spaces 1
# Parking Spaces 3
Parking Desc Garage - 1 Car, Carport, Uncovered
# Covered Parking Spaces 1
Patio Balcony, Deck(s), Patio Open, Porch - Front
Lot Desc Sidewalks
Add'l Structures None, Balcony
Lot Location Alley Access
Amenities / Utilities
Water In Street
Sewer/ Septic In Street
Water Heater Water Heater Unit
Equipment Washer, Dryer, Ceiling Fan, Range/Oven, Refrigerator
Pool None
Location
County Los Angeles
View City, Tree Top, Ocean
School District Los Angeles Unified
Zoning LARD2
APN 4240-007-024
Multifamily Details
Tenant Pays Gas, Electricity, Trash Collection
Unit 1: Furnished No
Unit 1: Projected Rent 7000
Unit 1: # Beds 2
Unit 2: Rent 5750
Owner Pays Water, Gardener
Unit 2: Furnished No
Unit 2: Projected Rent 7000
Unit 2: # Beds 3
Unit 2: # Baths 2
Unit 1: # Baths 2
Unit 2: Actual Rent 5750
Unit Type 2106, 2107
Total # Of Buildings 1
Net Operating Income 32196
Vacancy Rate 50%
Gross Income 69000
Gross Operating Income 69000
Gross Rent Multiplier 15.7
Total Annual Expenses 32196
Lot/ Land Details
Add'l APN False
$2.43M
Range: $2.14M-$2.72M
Last 30 days 
  • Jan 2025
    Public Records
  • Jan 13, 2025 Sold
    $2,217,000
  • Jan 2025
    mls logo MLS # 24-465725
  • Jan 13, 2025 Sold
    $2,217,000 (-1.5%)
  • Dec 26, 2024 Pending
  • Dec 26, 2024 Active
  • Dec 4, 2024 Listed
    $2,250,000 (-9.8%)
  • Jul 2024
    mls logo MLS # 24-395243
  • Jul 17, 2024 Price Change
    $2,495,000 (-5.8%)
  • May 30, 2024 Listed
    $2,650,000
  • Apr 2024
    mls logo MLS # 24-376231
  • Apr 4, 2024 Listed
    $2,650,000
  • Jan 2024
    mls logo MLS # 24-342543
  • Jan 9, 2024 Listed
    $2,650,000 (+6.2%)
  • Aug 2023
    mls logo MLS # 23-274939
  • Aug 16, 2023 Active
  • Jun 1, 2023 Listed
    $2,495,000 (-10.7%)
  • May 2023
    mls logo MLS # 23-265959
  • May 1, 2023 Listed
    $2,795,000 (+22.2%)
  • Dec 2021
    Public Records
  • Dec 28, 2021 Sold
    $2,287,500
  • Dec 2021
    mls logo MLS # 21-752852
  • Dec 28, 2021 Sold
    $2,287,500 (-5.7%)
  • Nov 23, 2021 Pending
  • Oct 28, 2021 Price Change
    $2,425,000 (-2.8%)
  • Jun 24, 2021 Listed
    $2,495,000 (+17.4%)
  • Mar 2020
    Public Records
  • Mar 12, 2020 Sold
    $2,125,000
  • Mar 2020
    mls logo MLS # 19521138
  • Mar 12, 2020 Sold
    $2,125,000
  • Mar 12, 2020 Sold
    $2,125,000 (-3.2%)
  • Mar 3, 2020 Pending
  • Mar 3, 2020 Pending
  • Jan 12, 2020 Active
  • Jan 12, 2020 Contingent
  • Oct 16, 2019 Listed
    $2,195,000
  • Oct 16, 2019 Listed
    $2,195,000 (-4.4%)
  • Jun 2019
    mls logo MLS # 19453164
  • Jun 7, 2019 Price Change
    $2,295,000 (-4.2%)
  • Apr 8, 2019 Listed
    $2,395,000 (-0.2%)
  • Feb 2019
    mls logo MLS # 18378800
  • Feb 23, 2019 Cancelled
  • Feb 7, 2019 Price Change
    $2,399,999 (-2.0%)
  • Jan 8, 2019 Price Change
    $2,450,000 (-1.8%)
  • Nov 17, 2018 Price Change
    $2,495,000 (-3.9%)
  • Oct 25, 2018 Price Change
    $2,595,000 (-3.7%)
  • Oct 3, 2018 Price Change
    $2,695,000 (-10.0%)
  • Aug 24, 2018 Listed
    $2,995,000
  • Aug 24, 2018 Listed
    $2,995,000 (+102.4%)
  • Aug 2018
    mls logo MLS # 18382186
  • Aug 24, 2018 Listed
    $2,995,000
  • Sep 2013
    Public Records
  • Sep 27, 2013 Sold
    $1,480,000
  • Sep 2013
    mls logo MLS # 13648815
  • Sep 27, 2013 Sold
    $1,480,000 (-1.3%)
  • Jan 31, 2013 Listed
    $1,500,000
  • 205 5th Ave
    $2.21M
  • Venice
    $2.6M +4% y/y
  • 90291
    $2.7M +4% y/y
  • Venice
    $2.7M +3% y/y
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Source: GreatSchools.org © 2026. All rights reserved.

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