$2,350,000

Estimated payment $14,172/month

6 Beds
6 Baths
3,374 Sq Ft
$697 Price per Sq Ft

Highlights

  • No HOA
  • Laundry closet
  • Front Yard
  • Venice High School Rated A
  • Central Air

About This Home

Located in the heart of Venice Beach, just moments from the beach, Venice Boardwalk, Main Street, and Rose Avenue, 240 Hampton Drive presents a rare multi-family opportunity on an oversized 6,422-square-foot lot. The property features 4 residential units within the main structure, along with a detached garage flex space (not a legal unit) with a bathroom and air conditioning. The main building comprises 2 two-bedroom units and 2 one-bedroom units, each offering air conditioning, individual laundry, generous storage, and bright, light-filled interiors. One of the two-bedroom units, currently serving as the owner’s unit, can be delivered vacant at close, creating an ideal opportunity for an investor or end-user looking to live on-site while benefiting from additional rental income. The detached garage flex space has been loosely converted into an office/lounge space and can also be delivered vacant at close. Ideally positioned just a few short blocks from the beach, the property offers convenient access to some of Venice’s most iconic destinations, including Gold’s Gym, Abbot Kinney, Rose Avenue, and the neighborhood’s shops and restaurants. With its prime location, versatile unit mix, and oversized lot, 240 Hampton Drive offers a compelling opportunity in one of Los Angeles’ most sought-after coastal communities.

* RENT ROLL: Unit 1 (2BD): $3,500/mo | Unit 2 (2BD): $3,500 - $4,000/mo projected rent — owner’s unit, can be delivered vacant at close | Unit 3 (1BD): $3,000/mo | Unit 4 (1BD): $2,700/mo | Garage Flex Space: Can be delivered vacant at close. Several of the rents are estimated to be under market. This is a legal Fourplex and should qualify for owner-occupied financing given 4 units and 1 of the units can be delivered vacant.

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Listing Agent

Lauren Forbes

Compass Brokerage Phone: 310-901-8512 License #01295248 Listed on: 08/26/2026

Compass

Co-Listing Agent

Jagger Kroener

Compass Brokerage Phone: 310-901-8512 License #01984562

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,422 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,374 Sq Ft Home
  • 2-Story Property
  • Laundry closet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 1
  • Assessor Parcel Number 4286002007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $152,400
  • Net Operating Income $106,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

6,422 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.54
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4286002007
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 696.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6422.00
  • Lot Size Acres: 0.1474

Multi Family

  • Gross Income: 152400.00
  • Gross Scheduled Income: 152400.00
  • Lot Size Area: 6422.0000 Square Feet
  • Net Operating Income: 106680.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 45720.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 35
  • Tax Tract Number: 1

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $15,217 $1,247,177 $957,143 $290,034
2025 $15,217 $1,222,724 $938,376 $284,348
2024 $15,022 $1,198,750 $919,977 $278,773
2023 $14,740 $1,175,246 $901,939 $273,307
2022 $14,070 $1,152,203 $884,254 $267,949
2021 $13,888 $1,129,612 $866,916 $262,696
2019 $13,480 $1,096,108 $841,203 $254,905
2018 $13,341 $1,074,616 $824,709 $249,907
2016 $12,749 $1,032,889 $792,686 $240,203
2015 $12,565 $1,017,375 $780,780 $236,595
2014 $12,626 $997,447 $765,486 $231,961
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
08/26/2026 08/26/26 For Sale $2,350,000 0.0% $697 / Sq Ft
11/06/2024 11/06/24 Off Market $3,000 -- --
10/11/2024 10/11/24 For Rent $3,000 0.0% --
10/08/2024 10/08/24 Off Market $3,000 -- --
10/05/2024 10/05/24 For Rent $3,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 Type Sale Price Title Company
Interfamily Deed Transfer -- Usa National Title Co
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed $860,000 Equity Title
Quit Claim Deed -- Equity Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
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 Loan Amount Loan Type
Open $479,000 New Conventional
Closed $500,000 Credit Line Revolving
Closed $250,000 Credit Line Revolving
Closed $510,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26181932

California Regional Multiple Listing Service (CRMLS)

APN: 4286-002-007

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