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521 Venice Way

Venice, CA 90291
  • $2,999,999
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 23294943
UPDATED: 65 min ago
$2,999,999
  • 4
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,673
    SQFT
  • $1,122
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Ratings & Info

Listing Agent(s): Simon Mashian of Christie's Akg (424-249-7162) and Bryce Lowe of Christie's Akg(424-249-7162)


Description

Embrace the Venice lifestyle with this rare opportunity to own three charming units in the heart of the city. Just minutes from the vibrant Abbot Kinney district, the tranquil historic canals, the famous Venice Boardwalk, and the captivating Pacific Ocean, this property enjoys an unbeatable location. Sitting on an oversized lot with 5-car parking, this versatile property caters to both owner/investors and those seeking attractive rental opportunities. The modern two-story back home offers 2 bedrooms and 2.5 baths, recently renovated to provide a serene oasis with inviting outdoor spaces. The two front units exude classic Venice charm, each featuring 1 bedroom and 1 bath, with private yard spaces for a secluded atmosphere. Don't miss out on this extraordinary chance to experience the very best of Venice living. Units are delivered vacant, and furniture is included, making it an enticing prospect for your Venice dream. All income being generated is through short term rentals for two of three units. Third unit occupied by owner.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T08:28:35.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142066301
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521 Venice Way Venice, CA 90291

  • Price: $2,999,999
  • Status: Active
  • On Site: 55 Days
  • Updated: 65 min ago
  • MLS #: 23294943
4
Beds
0
Baths
0
½ Baths
0.1
Acres
2,673
SQFT
$1,122
$/SQFT
1947
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
Embrace the Venice lifestyle with this rare opportunity to own three charming units in the heart of the city. Just minutes from the vibrant Abbot Kinney district, the tranquil historic canals, the famous Venice Boardwalk, and the captivating Pacific Ocean, this property enjoys an unbeatable location. Sitting on an oversized lot with 5-car parking, this versatile property caters to both owner/investors and those seeking attractive rental opportunities. The modern two-story back home offers 2 bedrooms and 2.5 baths, recently renovated to provide a serene oasis with inviting outdoor spaces. The two front units exude classic Venice charm, each featuring 1 bedroom and 1 bath, with private yard spaces for a secluded atmosphere. Don't miss out on this extraordinary chance to experience the very best of Venice living. Units are delivered vacant, and furniture is included, making it an enticing prospect for your Venice dream. All income being generated is through short term rentals for two of three units. Third unit occupied by owner.
Exterior Features

Open Parking Spaces 5 Parking Features One SpaceSide By Side Parking Total 5

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigeratorDryerWasher Heating CentralWall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 6.4 Gross Income 204000 Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 192000 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T08:28:35.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Simon Mashian of Christie's Akg (424-249-7162) and Bryce Lowe of Christie's Akg(424-249-7162)