A rare value-add opportunity in the very heart of Venice, just two short blocks from the sand. Positioned on a 5,749 SF corner lot, this fully occupied 8-unit multifamily property offers immediate income with compelling long-term upside in one of Southern California's most iconic coastal neighborhoods. The 3,360 SF building… Read More features an ideal unit mix of four 1-bedroom residences and four studio units, appealing to Venice's strong and diverse rental market. Recent improvements include a newly redone balcony to satisfy SB271 plus upgrading electrical sub-panels in the works. Two two-car garages, along with additional on-site parking, provide a valuable amenity rarely found this close to the beach. The garages present potential for ADU conversion (buyer to verify), offering a clear path to increased density and revenue. With upside potential in rents, this property stands as a compelling value-add investment. Unmatched in location, the property is just blocks from Venice Beach, the Boardwalk, Main Street, Rose Avenue, and Abbot Kinney, placing tenants at the center of Venice's celebrated lifestyle, dining, and culture. This is a distinctive opportunity to acquire a stabilized, income-producing asset with future growth potential in one of Los Angeles' most coveted coastal enclaves. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,360
Lot Size
0.13 Acres
Year Built
1956
MLS Number
26656335
30 Days Snapshot Of 90291
$2.55M
0%
(avg) sold price
11
-26%
homes sold
118
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,360 sq ft, Built in 1956, Levels: Two
Cooling
None
Disclosures
Rent Control
Fireplaces
None
Garage
4 total garage spaces, Detached, Garage - 4+ Car
Water Features
Water: Public
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.132, LotSizeArea: 5,749, Front Yard
Parking
TotalParking: 4
Pool
PoolYN: False, None
Property
NumberOfUnits: 8, Zoning: LARD1.5
Roof
Composition
Sewer
In Street
Spa
Has spa, None
Utilities
Water Heater Unit
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