Description
Situated just blocks from world-famous Abbot Kinney, this 6-unit property is a rare find in one of Los Angeles' most sought-after neighborhoods. The current owners have thoughtfully maintained and upgraded the building over their 10-year tenure, including new exterior paint and facade work, plumbing enhancements, and a new roof installed less than 10 years ago. Three of the six units, located on the ground level, have been fully renovated and are currently leased at strong market rents. The remaining units are leased to reliable, long-term tenants who are low-maintenance and consistently pay rent on time, offering immediate income stability with long-term upside potential. The unit mix includes (2) studios and (4) spacious three-bedroom apartments. The front courtyard has been transformed into a vibrant, gated entry space with lush ficus trees and custom planter boxes, offering a green, welcoming retreat for tenants. Additional highlights include onsite parking, a professionally managed income-producing laundry room, and stylish interiors in the bottom three units featuring updated kitchens, gas ranges, and renovated bathrooms. With projected rent potential exceeding $23,000 when the top units reach market rates, this is a compelling opportunity for investors to secure a well-positioned, income-generating asset in the heart of Venice, just minutes from LAX, the beach, and the city's trendiest dining, shopping, and nightlife.
Details
| MLS # | 26662795 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 164 |
| Listing Provided By | Real Broker | James Scott Suarez |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,528 |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.12 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, Open Floorplan, Recessed Lighting |
| Appliances | Dishwasher, Microwave, Oven, Range, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
|---|
Parking
| Parking Features | Assigned, Side By Side, Uncovered |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $2,450,000 low | high Med: $2,472,500 sqft: 4,528 low | high Med: 3,738 $ / sqft: $541 low | high Med: $694 On site: 164 low | high Med: 255 | |
Market Activity 90291
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $2,450,000 low | high Med: $2,472,500 sqft: 4,528 low | high Med: 3,738 $ / sqft: $541 low | high Med: $694 On site: 164 low | high Med: 255 | |
 | $2,850,000616 SunsetVenice, CA 90291 |
 | $2,100,000563 Westminster AvenueVenice, CA 90291 |
 | $3,400,000828 IndianaVenice, CA 90291 |