Under Contract

521 Venice Way

Venice CA, 90291

$2,950,000


$1,103.63 per sqft

Under Contract

4 Beds

2,673 sqft

Residential

Built in 1947

Welcome to this completely VACANT triplex in the vibrant neighborhood of Venice, California. This property offers the perfect opportunity for an owner/user to generate income or an investor looking to rent all three units, at an estimated 4% cap rate. Located in close proximity to the Venice Canals, the beach, and all that Abbot Kinney Blvd has to offer - this is quintessential Venice living! The recently renovated 2 bed, 2.5 bath back unit lives like a single family townhome featuring dual en suites that provide ample space and privacy for residents and guests. With vaulted bedroom ceilings and a private balcony, this 1200 sqft unit has an airy, open atmosphere. The two front units are 1 bed/1 bath bungalows each filled with sunlight and charm. All of the three units have upgraded appliances, their own washer/dryer, and recently replaced gas lines and roof. The property has 5 car parking, and beautifully landscaped shared outdoor space with an outdoor shower. Whether you're an owner/user, or investor, this triplex presents endless opportunities!

24-376551

MLS ID

April 11, 2024

Listed

May 1, 2024

Updated

Map

521 Venice Way
Venice CA, 90291

Interior Features

Total Stories

0


Bedrooms

4


Appliances

Built-Ins, Dishwasher, Dryer, Microwave, Refrigerator, Range/Oven, Garbage Disposal, Washer


Laundry Description

In Unit


Fireplace

Yes


Fireplace Description

Living Room


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.1 Acres


Lot Features

Landscaped, Fenced, Fenced Yard, Front Yard, Alley Paved, Yard


Architectual Style

Bungalow

Other Property Details

Area Name

Venice


Days on Market

19


Garage

No


Parking

None


Parking Total

0


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD1.5

Listing History

Date

Event

Price

4/30/2024

Under Contract

Listed by Meredith Gruszka with Pardee Properties
Listing Contact: 310-968-4557 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/1/2024

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