521 Venice Way

Venice, CA 90291

$2,799,000
Price
4
Beds
5
Baths
2,673 Sq. Ft.
$1,047 / Sq. Ft.
2,673
Sq. Ft.
$1,047
per 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...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!
  1. Listed by Simon Mashian • DRE #01776131 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal
  2. Listed by Brielle Bacal • DRE #01987008 • Brokerage DRE #00824452 • Christie's International Real Estate SoCal

Property Details for 521 Venice Way

Water Front
None
Zoning
LARD1.5
Style
Bungalow
Parcel Number
4238019020
Total Units
3.0
Living Area
2673
Source Living Area
Vendor Enhanced
Area
Venice (C11)
LISTING UPDATED: 11/22/2024 12:00 AM

Property Details for 521 Venice Way

StatusActive
MLS #24-415909
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.10 AC / 4,493 SF
CountyLos Angeles County

Building Information for 521 Venice Way

Stories-Residences-Year Built1947Building Size-Lot Size0.10 AC / 4,493 SF

Property Information for 521 Venice Way

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: Triplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1031
  • Lot Size Square Feet: 4493
  • Lot Features: Landscaped, Front Yard, Yard
  • Lot Description: Landscaped, Fenced, Fenced Yard, Front Yard, Alley Paved, Yard
  • Lot Location: City, Alley Access
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling Type: Window Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Dishwasher, Dryer, Microwave, Refrigerator, Range/Oven, Garbage Disposal, Washer
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Balcony
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-16-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: Yes
  • Unit Rent: $7,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $306,000.00
  • Assessed Improvement Percent: 12.5
  • Assessed Land Value: $2,142,000.00
  • Assessed Land Percent: 87.5
  • Assessed Total Value: $2,448,000.00

Property History for 521 Venice Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 521 Venice Way

Taxable ValueLand$498,667Additions$353,659Total$852,326
Tax Record2022$10,282 ($857 / month)
Home Facts
Total Finished SqFt2,673 SqFtAbove Grade Finished SqFt2,673 SqFtLot Size4,493 SqFtStyleTriplexYear Built1947ZoningLARD1.5CountyLOS ANGELESAPN4238-019-020

Schools near 521 Venice Way

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
Westminster 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

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.

521 Venice Way is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on July 16, 2024 by Christie's International Real Estate SoCal, it's currently listed at $2,799,000. 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. 521 Venice Way is a 4-bed, 5-bath, 2,673 sqft multi-family home built in 1947.

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 Christie's International Real Estate SoCal, Simon Mashian, DRE #01776131; Christie's International Real Estate SoCal, Brielle Bacal, DRE #01987008

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.