312 Market Street

Venice, CA 90291

$1,850,000
Price
4
Beds
3
Baths
1,960 Sq. Ft.
$944 / Sq. Ft.
1,960
Sq. Ft.
$944
per Sq. Ft.

Description

Exciting Opportunity in Venice Beach Charming Renovated Duplex with Endless Potential! Discover this beautifully renovated Venice Beach duplex, where one vacant unit is ready for immediate occupancy! The vacant unit boasts a spacious 2-bedroom, 2-bathroom layout with a private front and backyard and includes a vacant garage with storage space that is ideal as a home office, gym, media room or creative office; while the second unit offers a comfortable 2-bedroom, 1-bathroom design. This is the perfect...Exciting Opportunity in Venice Beach Charming Renovated Duplex with Endless Potential! Discover this beautifully renovated Venice Beach duplex, where one vacant unit is ready for immediate occupancy! The vacant unit boasts a spacious 2-bedroom, 2-bathroom layout with a private front and backyard and includes a vacant garage with storage space that is ideal as a home office, gym, media room or creative office; while the second unit offers a comfortable 2-bedroom, 1-bathroom design. This is the perfect opportunity for owner-users to live in one unit while renting the other or to vacate 2nd unit and occupy both units as well as for investors to rent out both units. The fully renovated downstairs unit, (with permits), features a custom kitchen adorned with modern cabinets, designer tiles, and sleek matte black fixtures. Enjoy new flooring, windows, and recessed lighting throughout, as well as two stylish full bathrooms with floating vanities. The unit also includes a new mini-split HVAC system for air conditioning and heating, in-unit laundry, and stainless steel appliances. Step outside to your private front and back yard perfect for relaxing or entertaining guests. This duplex is an exceptional opportunity for discerning buyers, whether you're seeking a smart investment or a home where you can live in one unit while generating income from the other. Located just moments from Abbot Kinney and the iconic Venice Beach, this property offers the best of California living in a vibrant, historic neighborhood. Additionally, there are preliminary plans to add two detached ADUs in the back, the potential for increased value and future growth is significant. Embrace the Venice lifestyle spend your days on the beach, shopping, and dining on Abbot Kinney, and savor the endless California summer in this dream property.
  1. Listed by Sandra Miller • DRE #01446377 • Brokerage DRE #01446377 • ENGEL & VÖLKERS Santa Monica

Property Details for 312 Market Street

Zoning
LARD1.5
Style
Traditional
Parcel Number
4238008027
Total Units
2.0
Living Area
1960
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
1
LISTING UPDATED: 11/08/2024 09:44 AM

Property Details for 312 Market Street

StatusActive
MLS #24-435739
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.07 AC / 2,848 SF
CountyLos Angeles County

Building Information for 312 Market Street

Stories2Residences-Year Built1938Building Size-Lot Size0.07 AC / 2,848 SF

Property Information for 312 Market Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: Yes
  • View Description: Tree Top, Other
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Coastal Commission Restrictions, Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Owner Pays: Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0654
  • Lot Size Square Feet: 2848
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 2
  • Covered Parking: 2
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-05-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,405.80
  • Unit Actual Rent: $1,405.80
  • Unit Projected Rent: $4,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,000.00
  • Assessed Improvement Percent: 28.57
  • Assessed Land Value: $1,020,000.00
  • Assessed Land Percent: 71.43
  • Assessed Total Value: $1,428,000.00

Property History for 312 Market Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 312 Market Street

Taxable ValueLand$1,040,400Additions$416,160Total$1,456,560
Tax Record2024$17,742 ($1,478 / month)
Home Facts
Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtLot Size2,848 SqFtStyleDuplexYear Built1938ZoningLARD1.5CountyLOS ANGELESAPN4238-008-027

Schools near 312 Market Street

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
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

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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Similar Sold Homes

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312 Market Street is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on September 4, 2024 by ENGEL & VÖLKERS Santa Monica, it's currently listed at $1,850,000. It has been on the market for a total of 78 days and was last sold on October 29, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 312 Market Street is a 4-bed, 3-bath, 1,960 sqft multi-family home built in 1938.

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 ENGEL & VÖLKERS Santa Monica, Sandra Miller, DRE #01446377

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.