$2,950,000
Active Under Contract
20 Days Online
4 Beds5 Baths2,673 SQFT
Active Under Contract

521 Venice Way Venice, CA 90291

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Welcome to this 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, at an estimated 4% cap rate. 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!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site19 Days
  • MLS StatusActive Under Contract
  • MLS ID Number24376551
  • Home Size Source N/A
  • Year Built1947
  • Lot Size0.1031 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Bungalow
  • Parking None
  • Parking Spaces 0
  • Number of Stories Multi/Split0
  • Acreage 0.1031
  • Security Gated Community
  • Zoning LARD1.5
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled
  • Direction Faces South

Interior Features

  • Heating Central
  • Appliances DishwasherDisposalMicrowaveRefrigerator
  • Fireplace Features Living Room
  • Laundry Features Washer IncludedDryer Included
  • Fireplace Yes

Exterior Features

  • View None
  • Spa No
  • Pool Features None
  • Spa Features None
  • Lot LandscapedFront YardYard

Community Features

  • Senior Community No
  • MLS Area C11 - Venice
  • Security Features Gated Community

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Monthly Payment (Est.)

$15,972
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