$2,950,000

12 E 27th Ave Los Angeles, CA 90291

Venice Neighborhood

Estimated payment $18,683/month

Total Views 2,388
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: 05/09/2026

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
05/09/2026 05/09/26 For Sale $2,950,000 0.0% $1,017 / Sq Ft
03/24/2026 03/24/26 Off Market $2,950,000 -- --
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

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Agent
Rebecca Shadpour
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Wealth Road Realty
(424) 552-3731
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