$3,995,000
$255K PRICE DROP

Estimated payment $25,280/month

Total Views 3,145
3 Beds
4 Baths
4,693 Sq Ft
$851 Price per Sq Ft

Highlights

  • Fishing
  • Laundry Room
  • Bike Trail
  • Venice High School Rated A
  • 8 Car Garage
  • 4-minute walk to Venice Beach Playground

About This Home

MASSIVE PRICE REDUCTION!
CALL FOR OFFERS: SUBMIT ALL OFFERS BY SEPTEMBER 17TH BEFORE 5PM!

14 Ozone Avenue is a 6-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of Venice as the property is in close proximity to Venice Boardwalk and Beach, Abbott Kinney, Santa Monica Pier and much more. 14 Ozone Avenue offers (1) Studio/One-Bathroom apartment, (1) One-Bedroom/One-Bathroom apartment, and (4) Two-Bedroom/Two-Bathroom apartments, totaling an average of 779 square feet. The property has 11 parking spaces consisting of 4 double garages for 8 spaces plus 3 open spaces.

Five units have undergone recent plumbing and electrical upgrades and have been renovated with modern features such as stainless-steel appliances, quartz countertops, hardwood floors, and white-tile backsplashes in both the kitchens and bathrooms. Five of the units also feature Juliet Balconies, and one of the top-floor units boasts its own private patio/deck, with four units offering picturesque ocean views. There is an opportunity for the buyer to increase rental income by strategically renovating the units and adding an ADU. The seller has received approval from the City of Los Angeles to convert one of the garages into a Studio ADU, pending approval from the Coastal Commission. The property also features a rare amenity for the area - a total of 11 on-site parking spots, which will be reduced to 9 after the ADU conversion.

Listing Agent

Brent Sprenkle

NorthMarq Realty Services, Inc Brokerage Phone: 310-621-8221 License #01290116 Listed on: 06/10/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 3,049 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • 3 Open Parking Spaces
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,693 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Tax Tract Number 2734
  • Assessor Parcel Number 4286019001
  • $900 per year additional tax assessments

Community Details

Recreation

  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • Operating Expense $83,106
  • Gross Income $287,733
  • Net Operating Income $214,474

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Parking

8

Listing Details

  • CapRate: 5.17
  • Price Per Unit: 665833
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4286019001
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 851.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Fishing, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Gross Income: 287733.00
  • Gross Multiplier: 13.55
  • Gross Operating Income: 297581.00
  • Gross Scheduled Income: 287733.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 214474.00
  • Number Of Units Total: 6
  • Operating Expense: 83106.00
  • Rent Control: No
  • Total Expenses: 83106.00
  • Vacancy Allowance: 8632
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 2734.04
  • Tax Lot: 1
  • Tax Tract Number: 2734
  • TaxOtherAnnualAssessmentAmount: 900.00

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

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Price Changed $3,995,000 -3.7% $851 / Sq Ft
06/30/2025 06/30/25 Price Changed $4,150,000 -2.4% $884 / Sq Ft
06/10/2025 06/10/25 For Sale $4,250,000 0.0% $906 / Sq Ft
06/01/2017 06/01/17 Sold $4,250,000 -11.4% $906 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/17/2017 03/17/17 Price Changed $4,795,000 -6.0% $1,022 / Sq Ft
02/08/2017 02/08/17 For Sale $5,100,000 -- $1,087 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25124088

California Regional Multiple Listing Service (CRMLS)