Elliott Gilson
Rodeo Realty- Brentwood
(424) 220-1593
8 Total Sales
1 in Venice
$1,572,433 Price
240 3rd Ave Los Angeles, CA 90291
Venice Neighborhood
4
Beds
8
Baths
3,288
Sq Ft
6,187
Sq Ft Lot
About This Home
As of June 20217 of 8 units VACANT - 240 3rd Ave is a Value-Add 8-unit asset, conveniently located steps to the Ocean in prime Venice, right in the heart of Silicon Beach. Built in 1956, the two-story complex features a unit mix consisting of (4) One-Bed/One-Bath units and (4) Bachelor/One-Bath units. Per the Los Angeles Housing and Community Investment Department (HCIDLA), the four Bachelor units may be rented as flexible units. This allows a new owner the ability to have 4 to 8 rental units as either long term tenancy, 30-day rentals, co-living, etc. The building features (9) electrical meters, (5) gas meters, (8) parking spaces, and on-site laundry facilities. The complex attracts tenants looking to live within blocks of the beach (94 walk score & 100/100 bike score!), moments to two of the hippest corridors in the country, and a short drive to big tech and entertainment headquarters. The property presents a rare opportunity for investors to achieve a 6.30% cap rate upon full building stabilization.
Last Agent to Sell the Property
Central Realty Advisors Inc License #01897085 Listed on: 02/11/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 6,187 Sq Ft Lot
Parking
- 8 Parking Spaces
Interior Spaces
- 3,288 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 8 Bathrooms
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 4286-001-014
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2026
Sold by
Imperial Mortgage Corporation
Bought by
Purchase Details
Listed on
Feb 11, 2021
Closed on
Jul 8, 2021
Sold by
Benelyahu Abraham
Bought by
240 3Rd Avenue Los Angeles Llc
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Shiva Mehrdad
Forward One
List Price
$2,750,000
Sold Price
$2,600,000
Premium/Discount to List
-$150,000
-5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 11, 2021
Closed on
Jun 17, 2021
Sold by
Benelyahu Roya
Bought by
Benelyahu Abraham
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Shiva Mehrdad
Forward One
List Price
$2,750,000
Sold Price
$2,600,000
Premium/Discount to List
-$150,000
-5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 11, 2021
Closed on
Jun 16, 2021
Sold by
240 3Rd Ave Llc
Bought by
Benelyahu Abraham
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Shiva Mehrdad
Forward One
List Price
$2,750,000
Sold Price
$2,600,000
Premium/Discount to List
-$150,000
-5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 10, 2013
Sold by
Ringer Richard
Bought by
240 3Rd Ave Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Aug 5, 2013
Sold by
Meyer Michael
Bought by
Ringer Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 22, 1997
Sold by
Meyer Michael
Bought by
Meyer Michael and Meyer Miriam
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Elliott Gilson
-
Rebecca Sekulich
Rebecca Sekulich
Compass
(424) 367-1735
45 Total Sales
1 in Venice
$1,150,000 Price
-
Sebastian Wolski
Sebastian Wolski
Compass
(747) 246-7875
47 Total Sales
1 in Venice
$5,295,000 Price
-
Melissa Macfadyen
Melissa Macfadyen
Compass
(424) 532-7583
24 Total Sales
1 in Venice
$1,400,000 Price
-
Mimi and Jon Torp
Mimi and Jon Torp
Compass
(833) 891-7228
24 Total Sales
1 in Venice
$1,700,000 Price
-
Donald Heller
Donald Heller
Christie's International Real Estate SoCal
(424) 238-6571
111 Total Sales
7 in Venice
$1.9M - $3.3M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,210,073 | Accommodation/Courtesy Recordi | ||
| 240 3Rd Avenue Los Angeles Llc | -- | Provident Title | |
| Benelyahu Abraham | -- | Ticor Title | |
| Benelyahu Abraham | $2,600,000 | Ticor Title | |
| 240 3Rd Ave Llc | -- | None Available | |
| Ringer Richard | $1,600,000 | California Title Company | |
| Ringer Richard | -- | California Title Company | |
| Meyer Michael | -- | -- | |
| Meyer Michael | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $350,000 | ||
| Previous Owner | 240 3Rd Avenue Los Angeles Llc | $3,700,000 | |
| Previous Owner | 240 3Rd Avenue Los Angeles Llc | $3,700,000 | |
| Previous Owner | 240 3Rd Avenue Los Angeles Llc | $2,100,000 | |
| Previous Owner | Benelyahu Abraham | $2,100,000 | |
| Previous Owner | 204 3Rd Ave Llc | $1,301,250 | |
| Previous Owner | Ringer Richard | $1,180,000 | |
| Previous Owner | Meyer Michael | $600,000 | |
| Previous Owner | Meyer Michael | $600,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2021 06/21/21 | Sold | $2,600,000 | -5.5% | $791 / Sq Ft |
| 06/07/2021 06/07/21 | Pending | -- | -- | -- |
| 02/11/2021 02/11/21 | For Sale | $2,750,000 | -- | $836 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $33,757 | $2,814,322 | $2,110,742 | $703,580 |
| 2025 | $33,757 | $2,759,140 | $2,069,355 | $689,785 |
| 2024 | $33,416 | $2,705,040 | $2,028,780 | $676,260 |
| 2023 | $32,776 | $2,652,000 | $1,989,000 | $663,000 |
| 2022 | $31,268 | $2,600,000 | $1,950,000 | $650,000 |
| 2021 | $22,193 | $1,812,004 | $1,359,005 | $452,999 |
| 2020 | $22,418 | $1,795,026 | $1,345,071 | $449,955 |
| 2019 | $21,541 | $1,759,862 | $1,318,698 | $441,164 |
| 2018 | $21,397 | $1,725,388 | $1,292,842 | $432,546 |
| 2016 | $20,432 | $1,656,854 | $1,242,641 | $414,213 |
| 2015 | $20,153 | $1,631,968 | $1,223,976 | $407,992 |
| 2014 | $20,300 | $1,600,000 | $1,200,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
Elijah Korobkin
Seller's Agent in 2021
Elijah Korobkin
Central Realty Advisors Inc
(323) 873-9332
1 in this area
4 Total Sales
-
Shiva Mehrdad
Buyer's Agent in 2021
Shiva Mehrdad
Forward One
(310) 505-9560
37 Total Sales
Map
Source: The MLS
MLS Number: 21-692236
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© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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