521 Venice Way, Venice

$2,950,000

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4 Beds
4 Baths
2,673 Sqft
.1 Acre
0 Garage

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!

Essential Information

MLS® #
24376551
Price
$2,950,000
Bedrooms
4
Bathrooms
4.00
Square Footage
2,673
Acres
0.10
Year Built
1947
Type
Residential Income
Style
Bungalow
Status
Active Under Contract

Community Information

Address
521 Venice Way
Area
C11 - Venice
City
Venice
County
Los Angeles
Zip Code
90291
Community Features
Gated
Senior Community
N

Amenities

Parking
None
Garages
None
View
None
Pool
None

Interior

Heating
Central
Fireplace
Yes
Fireplaces
Living Room
Stories
Multi/Split

Appliances

Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Lot Description
Front Yard, Landscaped, Yard

Additional Information

Date Listed
April 11th, 2024
Days on Market
22
Zoning
LARD1.5

Listing Details

Agent
Meredith Gruszka
Office
Pardee Properties
Property History
Status Changed from Active to Active Under Contract

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Schedule Tour

Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Meredith Gruszka - Pardee Properties

Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 9:51pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.