609 Broadway St. Venice, CA 90291
- 7 Beds
- 7 Baths
- 6,134 SQ. FT.
- 5,199 Lot Size
609 Broadway St.
A newly constructed contemporary duplex in the heart of Venice just blocks away from LA's trendiest street, Abbot Kinney. Completed in 2022, this legal duplex with fully approved Condo entitlements showcases an impeccable architectural design by the acclaimed architect Robert Thibodeau, with a front house featuring 4 beds/4 baths, and a back house offering 3 beds/3 baths, resulting in a generous combined area of over 6,000 sq. ft. Outstanding features abound in this property, including Caesarstone kitchen countertops, stylish Carrera covered bathrooms, eye-catching cedar siding, exquisite white oak hardwood floors, and top-of-the-line appliances. Each structure is enhanced by a spacious loft area of 1,400 sq. ft. with impressive 15-foot ceilings and private rooftop decks, providing a serene retreat for relaxation and leisure. The main suite occupies the entire top floor of each home, while the entry level of each structure encompasses the remaining bedrooms and bathrooms, an entertainment room, and a convenient 4-car garage. The duplex currently generates an impressive $30,000 per month in collective rents from stable credit tenants with 12-month leases, with the front residence (4 beds spanning 2,916 sq. ft.) leased at $16,000/mo., and the back residence (3 beds and an ample 3,218 sq. ft.) leased at $14,000/mo., with separate utility meters. Furthermore, LA County has granted approval for the conversion of these two homes into condominiums. Upon the expiration of the existing leases, the new owner will have the flexibility to either enjoy both residences, or consider retaining one for personal use while selling/leasing the other unit.
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