2318 Beach Ave, Venice, CA 90291 | Closed

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • 5 Bedrooms
  • 3.00 Bathrooms
  • 2,519 Sq Ft
  • 4,428 Sq Ft

Description

Exquisite triplex nestled on a prime corner lot in Venice's highly sought-after Silver Triangle neighborhood. This impeccably maintained property offers the charm and feel of single-family living with three unique individual homes, each with its own address and each providing tremendous privacy. Perfect for owner-occupants or investors seeking income opportunities in one of LA's most vibrant and desirable areas. 2,519 SF of total interior living space and tremendous lush outdoor areas, this property has been thoughtfully updated including new windows, wood like flooring, modern lighting and recent exterior painting. Additional features include WIFI thermostats, and built-ins throughout enhance comfort and convenience. The townhouse-style unit, 2318 Beach Ave, features an open-concept layout with a modern kitchen flowing into the dining, living area and outdoor oasis ideal for entertaining. Upstairs, the primary bedroom offers garden views with ample closet space and no common wall. The second room on the first level is a flexible space that provides extra space for sleeping quarters or a den/office. 614 Mildred Ave is a single-level residence offering two bedrooms and one bathroom beautifully remodeled with a lovely outdoor lounge area. 618 Mildred has no common walls at all and as you enter the gate from the street level you will find yourself in a private garden space with steps leading to the front door. Upon entering this charming and bright one bedroom with laminate floors, there are windows on all sides, beautiful kitchen and remodeled en-suite bathroom. All units have their own private outdoor spaces, mature landscaping, and laundry facilities, making them perfect for residents seeking the ultimate Venice lifestyle. Moments away from Abbot Kinney Blvd, Venice Beach, and the iconic Venice Canals, this triplex is a rare opportunity to own a stylish, income-generating property in the heart of Silicon Beach. 2318 Beach Ave unit will be delivered vacant. Experience the best of coastal living while enjoying the benefits of a versatile, move-in-ready investment. Don't miss out on this gem - Venice's finest awaits!

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Owner

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $3,195,000
Property Type Triplex (3-units)
Usable Sqft 2,519
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1936
Last Sold February 14, 2025
Sold Price 2,750,000
APN # 4228005001
MLS # 24450687
Property ID 320956513
Lot Sqft 4,428
Zoning LAR1
Total Units 3
Date Updated February 15, 2025
Date Created October 16, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 2 1.00 $4,995 $5,450
Unit #2 2 1.00 $3,900 $4,200
Unit #3 1 1.00 $3,950 $4,795
Gross Income (Yr) $ 159,600
Operating Expenses $ 36,850
Net Income (Yr) $ 136,490
Cap Rate 4.30%

Listing Provided By

Jennifer Portnoy an agent of . Lic #01215535


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