$2,950,000

12 E 27th Ave Los Angeles, CA 90291

Venice Neighborhood
Total Views 1,561
7 Beds
4 Baths
2,900 Sq Ft
$1,017 Price per Sq Ft

Highlights

  • Property has ocean access
  • Contemporary Architecture
  • Corner Lot
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Property is near public transit
  • High Ceiling

About This Home

Rare Venice Beach 4-unit property with direct beach access and strong rental history. Each unit features 1-bedroom layouts, modern finishes, and separate meters, providing flexibility for future condo conversion or expansion. Exceptional upside potential with space to add up to 2 ADUs while keeping existing parking, or up to 4 ADUs utilizing more of the parking lot an extremely rare opportunity in Venice. Units are investor-ready but also perfect for an owner-user seeking extra income, with the ability to manage rentals directly. High-demand location, steps from the sand, shopping, dining, and transit, with parking options that are almost impossible to find in this area. Short-term rental potential for up to two units adds additional flexibility. Prime location!

Listing Agent

Rebecca Shadpour

Wealth Road Realty License #01744494 Listed on: 01/25/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 2,800 Sq Ft Lot
  • Corner Lot
  • Value in Land

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Copper Plumbing

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • Drapes & Rods
  • Blinds

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 10 Car Attached Garage
  • Side by Side Parking
  • Tandem Parking
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-020-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1952 | Remodeled

Lot Details

2,800 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary Mediterranean
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 2900
  • Lot Acreage: 0.0607
  • Price Per Unit: 725000.00
  • Probate: No
  • Property Condition: Repair Cosmetic, Updated/Remodeled
  • Stories: 2
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Furnished
  • Bedrooms: 7
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven, Freezer, Cable
  • Price Per S Q F T: 1017.24
  • Windows: Window Blinds, Drapes/Curtains

Exterior Features

  • Other Features: Rain Gutters, Full Copper Plumbing, High Ceilings (9 Feet+)
  • Other Structures: Other
  • Paved: Yes
  • Waterfront: Beach Access, Ocean Access

Garage/Parking

  • Parking Garage: Assigned, Attached, Tandem, Side By Side, Parking for Guests, Parking Space
  • Total Parking: 10

Utilities

  • Water District: LADWP
  • Water Heater: Gas, Electric, Tankless, Water Heater Unit
  • Cooling: Air Conditioning, Wall/Window, Wall Unit(s)
  • Heating: Wall
  • Water Expense: 200.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2800.00

Lot Info

  • Assessed Improvement Percent: 12.22
  • Assessed Improvement Value: 391190
  • Assessed Land Percent: 87.78
  • Assessed Land Value: 2809080
  • Total Assessed Value: 3200270
  • Assessor Parcel Number: 4226-020-025
  • Lot Description: Value In Land
  • Lot Location: Beach Access, Alley Access, Ocean Access, Near Public Transit, Corner Lot
  • Lot Size Area: 2800

Rental Info

  • Tenant Pays: Cable TV, Gas, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.75
  • Number Of Units: 4
  • Type Of Units: Contemporary
  • Vacancy Allow Percent: 4.50

Tax Info

  • Tax Expense: 38000.00
  • Tax New: 36875.00
  • Tax Percent: 1.25

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2026 01/25/26 For Sale $2,950,000 -- $1,017 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25627765

The MLS
California Los Angeles County Los Angeles 90291 Venice

12 E 27th Ave, Los Angeles, CA

For Sale

MultiFamily

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Listing Agent
Rebecca Shadpour
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Wealth Road Realty
(310) 361-1496
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