2318 Beach Avenue

Venice, CA 90291

$3,195,000
Price
5
Beds
3
Baths
2,519 Sq. Ft.
$1,268 / Sq. Ft.
2,519
Sq. Ft.
$1,268
per 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...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!

Listing Agent

  1. Jennifer Portnoy

    Jennifer Portnoy

    Listing Agent

    Compass

    DRE #01215535

Property Details for 2318 Beach Avenue

Zoning
LAR1
Style
Contemporary
Cross Streets
Beach Ave / Mildred Ave
Parcel Number
4228005001
Total Units
3.0
Living Area
2519
Source Living Area
Other
Area
Venice (C11)
LISTING UPDATED: 11/14/2024 02:32 PM

Property Details for 2318 Beach Avenue

StatusActive
MLS #24-450687
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.10 AC / 4,428 SF
CountyLos Angeles County
Compensation RemarksSeller Concession? Yes.

Virtual Tour

Building Information for 2318 Beach Avenue

Stories2Year Built1936Building Size-Lot Size0.10 AC / 4,428 SF

Property Information for 2318 Beach Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: SFR, Apt
  • View: Yes
  • View Description: Other
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Coastal Zone, Coastal Commission Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $159,600
  • Net Operating Income: $136,490.00
  • Gross Income: $159,600
  • Cap Rate: 4.30%
  • Gross Rent Multiplier: $19.60
  • Total Annual Expense: 36850
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1017
  • Lot Size Square Feet: 4428
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 0
  • Parking Features: Street
Interior Features
Interior Features
  • Room Type: Bonus Room, Living Room
  • Rooms: Den/Office, Patio Open, Bonus Room, Living Room
  • Levels: Two, Multi/Split, One
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate, Other
  • Equipment: Dryer, Dishwasher, Ceiling Fan, Built-Ins, Freezer, Garbage Disposal, Microwave, Washer, Range/Oven, Refrigerator
  • Interior Features: Detached/No Common Walls, Built-Ins, Recessed Lighting, Storage Space, Laundry - Closet Stacked, Other, Open Floor Plan
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Walk-In Pantry
  • Kitchen Features: Granite Counters, Remodeled, Skylight(s), Pantry, Counter Top, Galley Kitchen
  • Room Bathroom Features: Low Flow Toilet(s), Remodeled, Linen Closet/Storage, Tile Counters
  • Bathroom Features: Low Flow Toilet(s), Remodeled, Linen Closet, Tile
  • Bedroom Features: Ground Floor Primary, WalkInCloset, Primary Bedroom, Main Floor Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Range, Range Hood, Oven, Built-In And Free Standing
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Sprinklers: Sprinkler System
  • Door Features: French Doors
  • Patio Features: Rock/Stone, Patio Open, Balcony
  • Entry Location: Living Room
  • New Construction: No
  • Other Structural Features: French Doors
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 10-16-2024
  • Tenant Pays: Gas, Water, Electricity, Trash Collection, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,950.00
  • Unit Actual Rent: $3,950.00
  • Unit Projected Rent: $4,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Drapes: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 2
  • Number Patio: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Rented Garages: 0
  • Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $428,879.00
  • Assessed Improvement Percent: 18.65
  • Assessed Land Value: $1,870,991.00
  • Assessed Land Percent: 81.35
  • Assessed Total Value: $2,299,870.00

Property History for 2318 Beach Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2318 Beach Avenue

Taxable ValueLand$1,908,410Additions$437,456Total$2,345,866
Tax Record2024$28,472 ($2,373 / month)
Home Facts
Total Finished SqFt1,990 SqFtAbove Grade Finished SqFt1,990 SqFtLot Size4,428 SqFtStyleTriplexYear Built1936ZoningLAR1CountyLOS ANGELESAPN4228-005-001

Schools near 2318 Beach Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2318 Beach Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on October 16, 2024 by Compass, it's currently listed at $3,195,000. It has been on the market for a total of 75 days and was last sold on September 11, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 2318 Beach Avenue is a 5-bed, 3-bath, 2,519 sqft multi-family home built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Jennifer Portnoy, DRE #01215535

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.