340 Rennie Avenue

Venice, CA 90291

$2,579,000
Price
5
Beds
5
Baths
2,283 Sq. Ft.
$1,130 / Sq. Ft.
2,283
Sq. Ft.
$1,130
per Sq. Ft.

Description

Welcome to 340 Rennie Avenue in the vibrant Venice, CA a standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, one-bathroom layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room....Welcome to 340 Rennie Avenue in the vibrant Venice, CA a standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, one-bathroom layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room. Nestled at the back is a cozy studio unit, providing a tranquil escape within your personal oasis. Perfectly situated in Venice's coveted Rose corridor, this residence enjoys close proximity to Abbot Kinney, Venice Beach, and Main Street, granting residents easy access to the vibrant local lifestyle and amenities. Explore trendy boutiques, acclaimed dining spots, and the iconic Venice Beach boardwalk, all just a stone's throw away. Whether you envision residing in one unit while generating income from the others or seek a lucrative investment opportunity with promising rental returns, 340 Rennie Avenue delivers a harmonious blend of prime location, versatile living spaces, and great potential. Embrace the chance to own a slice of Venice's sought-after real estate market. Contact us today to schedule a viewing and seize this exciting prospect for lucrative rental income. Middle unit is occupied and can be shown after an accepted offer .
  1. Listed by Joel Newton • DRE #01225388 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 340 Rennie Avenue

Water Front
None
Zoning
LARD1.5
Parcel Number
4240010028
Total Units
3.0
Living Area
2283
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
2 units
LISTING UPDATED: 11/16/2024 10:36 AM

Property Details for 340 Rennie Avenue

StatusActive
MLS #24-464397
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.15 AC / 6,361 SF
CountyLos Angeles County

Building Information for 340 Rennie Avenue

Stories-Residences-Year Built1905Building Size-Lot Size0.15 AC / 6,361 SF

Property Information for 340 Rennie Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Income
  • View: No
  • View Description: None
  • View: None
  • Security Features: Card/Code Access
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $6,750
  • Net Operating Income: $.00
  • Gross Income: $6,750
  • Gross Rent Multiplier: $3.10
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.146
  • Lot Size Square Feet: 6361
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 0
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Gas Dryer Hookup, Garbage Disposal, Freezer, Dishwasher, Microwave, Hood Fan, Washer
  • Laundry: Washer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,750.00
  • Unit Actual Rent: $6,750.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $746,336.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,119,504.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,865,840.00

Property History for 340 Rennie 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 340 Rennie Avenue

Taxable ValueLand$1,141,894Additions$761,262Total$1,903,156
Tax Record2024$23,132 ($1,928 / month)
Home Facts
Total Finished SqFt2,283 SqFtAbove Grade Finished SqFt2,283 SqFtLot Size6,379 SqFtStyleDuplexYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN4240-010-028

Schools near 340 Rennie 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
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

340 Rennie Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on November 16, 2024 by Coldwell Banker Realty, it's currently listed at $2,579,000. It has been on the market for a total of 3 days and was last sold on July 17, 2019. 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. 340 Rennie Avenue is a 5-bed, 5-bath, 2,283 sqft multi-family home built in 1905.

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 Coldwell Banker Realty, Joel Newton, DRE #01225388

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.