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521 Venice Way
For Sale $2,795,000 ($1,045.64 per Sq Ft)
$2,795,000 ($1,045.64 per Sq Ft)
- 4 Bedrooms
- 5.00 Bathrooms
- 2,673 Sq Ft
- 4,493 Sq Ft
Description
Welcome to this FULLY FURNISHED and 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. 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!
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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
Property Details
| List Price | $2,795,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,673 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1947 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4238019020 |
| MLS # | 25475771 |
| Property ID | 321148304 |
| Lot Sqft | 4,493 |
| Zoning | LARD1.5 |
| Total Units | 3 |
| Days on Market | 32 |
| Original List Price | $2,795,000 |
| Date Updated | January 21, 2025 |
| Date Created | January 02, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 3.00 | $0 | $7,000 |
| Unit #2 | 1 | 1.00 | $0 | $4,000 |
| Gross Income (Yr) | $ 0 |
| Operating Expenses | $ 0 |
| Net Income (Yr) | $ 0 |
| Cap Rate | 7.00% |
Listing Provided By
Simon Mashian an agent of Christie's International Real Estate SoCal. Lic #01776131
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