“This is A Private Residance, Man.” -The Dude

For the first time since 1967, a compound of six bungalows are for sale in Venice. Located within walking distance of trendy Abbot Kinney and the beach, the location is bungalow perfection. Close to it all, yet far enough away you don’t snarl at the tourists as much.

Once filmed as home to “The Dude” of The Big Lebowski, these bungalows are a bit larger than you’d normally find in the area.Five are 660 sqaure feet, one bedroom, one bathroom.  Also, the lot of 10,628 is quite large for the area too. This means more privacy, space between bungalows and parking as well…which means happy tenants. These tenants must be overjoyed, because they seem to be paying lower rent as well. Before you buy any investment property with existing tenants, make sure you know landlord and tenants rights.  Also, be sure to study Los Angeles rent control laws.  You may own the property; but it is still a private residence man.

606 VENEZIA AVE, Venice, CA 90291 (MLS # 11533615)

(all data current as of 3/27/2012)
Price $1,799,000
Beds n/a
Baths 0 baths
Home size 3,960 sq ft
Lot Size 10,628 sq ft
Days on Market 293
"The Big Lebowski" Compound. Six 1 bd cottages on a 10,628 sq ft lot, all just blocks to the beach and Abbot Kinney. These historic, bigger-than-average than average bungalows feature spacious side-yards, garage parking and a lushly landscaped courtyard. In 2005, property underwent major renovations, including new sewerline, roofing. This a perfect candidate for a residential subdivision. Compound was used as location for classic film "The Big Lebowski," starring Jeff Bridges. note: tenants pay all utilities except water and trash.

Property Type(s): Residential Income

Last Updated 3/6/2012 Tract n/a
Year Built 1928 Community Venice
Garage Spaces n/a County Los Angeles
Total Parking 6 Walk Score ® 80

Price History

Prior to Oct 6, '11 $2,295,000
Oct 6, '11 - Today $1,799,000

Additional Details

Building Size 3960.0 CARETS Listing Status Active
Covered Spaces Total 6 Parking Spaces Total 6
Zoning LAR3

Features

Building Structure Style Calif Bungalow
CARETS Listing Status Active
Cooking Appliances Built-Ins
Cooling Type None
Heating Type Floor Furnace
Legal Disclosures Take Property As Is (N)
Listing Agreement Exclusive Right To Sell/Lease
Listing Status Active
Lot Size Source Vendor Enhanced (N)
Owner Pays Water
Parking Type Garage
Pool Descriptions No Pool
Property Sub Type Residential Income
Property Type Residential Income
Roofing Composition
SpecialConditions Standard Sale
Square Footage Source Other
Tenant Pays Electricity
Unit Furnished01 Unfurnished
Unit Furnished02 Unfurnished

Location

Contact Kim & Kristine

310-737-8173