$2,199,000

Estimated payment $12,884/month

Total Views 7,255
3 Beds
6 Baths
2,241 Sq Ft
$981 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Living Room with Fireplace
  • Dining Room
  • Venice High School Rated A
  • Wood Flooring
  • 5-minute walk to Westminster Dog Park

About This Home

Prime Abbot Kinney Location! Don't miss out on this triplex of 3 beautifully restored 1-bedroom, 1.5-bath freestanding and Craftsman bungalows, ideally located just one block from Abbot Kinney and only four blocks to the beach. Built in 1914, this charming two-story home boasts original molding and beams that have been expertly restored, along with hardwood floors throughout. A wood and gas-burning fireplace adds character, while a skylight brightens the upstairs primary bedroom with en-suite half bath. The full kitchen, complete with a refrigerator, dishwasher, and in-unit washer and dryer offer modern conveniences. This triplex is a true trophy property, perfectly suited for investors who take pride in their collection. Between the fact that all units are currently rented at or close to market value and are rarely vacant, combined with the pride and upkeep of ownership over the years, this property offers a solid income opportunity for any investor or even an owner user who loves the beach life. Situated in the heart of the vibrant Abbot Kinney neighborhood, you're steps away from shops, restaurants, and events. The area comes alive in the summer, embodying the picture-perfect California lifestyle. With its prime location and classic charm, this bungalow offers an unparalleled opportunity to own a piece of one of Venice's most sought-after areas.

Listing Agent

Gregory Masi

Compass License #01708321 Listed on: 04/16/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,451

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 2,700 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,241 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Utilities

  • Floor Furnace
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4238-009-019

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,451

Year Built

Built in 1914 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2241
  • Lot Acreage: 0.0620
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1914
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Wood, Tile
  • Bedrooms: 3
  • Bedroom Features: All Bedrooms Up
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 981.26

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Heating: Floor
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 5.55
  • Assessed Improvement Value: 37660
  • Assessed Land Percent: 94.45
  • Assessed Land Value: 640401
  • Total Assessed Value: 678061
  • Assessor Parcel Number: 4238-009-019
  • Lot Size Area: 2700

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.29
  • Number Of Units: 3
  • Total Annual Expense: 24020.67
  • Type Of Units: Single
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,451 $678,061 $640,401 $37,660
2023 $8,293 $664,767 $627,845 $36,922
2022 $7,914 $651,734 $615,535 $36,199
2021 $7,807 $638,956 $603,466 $35,490
2020 $7,885 $632,406 $597,279 $35,127
2019 $7,576 $620,007 $585,568 $34,439
2018 $7,518 $607,851 $574,087 $33,764
2016 $7,178 $584,249 $551,796 $32,453
2015 $7,074 $575,474 $543,508 $31,966
2014 $7,113 $564,202 $532,862 $31,340
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 For Sale $2,199,000 -- $981 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Wfg National Title
Interfamily Deed Transfer -- Wfg National Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Co
Grant Deed $450,000 Equity Title
Quit Claim Deed -- Southland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $637,000 New Conventional
Previous Owner $656,350 New Conventional
Previous Owner $104,700 Credit Line Revolving
Previous Owner $645,300 Unknown
Previous Owner $800,000 New Conventional
Previous Owner $420,000 Unknown
Previous Owner $360,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25525547

The MLS

APN: 4238-009-019