$1,525,000
$70K PRICE DROP

Estimated payment $9,586/month

Total Views 2,140
3 Beds
2 Baths
1,340 Sq Ft
$1,138 Price per Sq Ft

Highlights

  • 2 Car Garage
  • Bungalow
  • South Facing Home
  • Broadway Elementary Rated A-
  • 1-Story Property
  • Fenced

About This Home

We're excited to share a fantastic opportunity to create value on one of the best streets in Venice. This income property is located on an extra-wide, tree-lined street, offering close proximity to Abbot Kinney, Rose Avenue, and some of the hottest new spots on Lincoln Blvd. The property itself boasts timeless charm and character, surrounded by lush landscaping and mature fruit trees. It's situated on a beautiful street among multi-million dollar properties. The front unit is a spacious and bright 2-bedroom, 1-bathroom unit with access to the front yard. The attached rear unit is a 1-bedroom, 1-bathroom unit with a separate entrance off the side yard. There's additional outdoor space between the units and the large two-car garage with an extra laundry room area. Both units feature many original finishes, hardwood floors, and great natural light. Please note that the property is currently tenant-occupied. This property can potentially work for an owner-user. Live in one of the units and build an Accessory Dwelling Unit (ADU) above the garage for additional income. Rent control laws apply, and all buyers to do their own due diligence as they relate to any tenant relocations. For Investors and Developers, the lot has tremendous potential to be transformed into a stunning duplex with the option for a third ADU unit, totaling three units. This is a unique opportunity in a highly desirable location for a savvy investor or owner-user. The property is being sold As-Is. Inspection reports are available upon request. DO NOT DISTURB TENANTS.

Listing Agent

Consuela Kielbowicz

Del Rey Urban Brokerage Inc License #01733753 Listed on: 07/02/2025

Del Rey Urban Brokerage Inc

Co-Listing Agent

Scott Chaplan

Del Rey Urban Brokerage Inc License #01182553

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,510

Year Built

  • Built in 1950

Lot Details

  • 4,380 Sq Ft Lot
  • Lot Dimensions are 35x125
  • South Facing Home
  • Fenced
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Fixer Upper

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Kitchen

  • Oven
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4241-007-029

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,510

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1340
  • Lot Acreage: 0.1006
  • Lot Dimensions: 35x125
  • Property Condition: Fixer
  • Year Built: 1950
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Oven, Gas/Electric Range
  • Bedrooms: 3
  • Common Walls: Attached
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 1138.06

Exterior Features

  • Direction Faces: South
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage Is Detached
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 8.00
  • Assessed Improvement Value: 102000
  • Assessed Land Percent: 92
  • Assessor Parcel Number: 4241-007-029
  • Lot Description: Front Yard, Back Yard, Fenced
  • Lot Size Area: 4380

Rental Info

  • Owner Pays: Electricity, Gas
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.93
  • Number Of Units: 2
  • Total Annual Expense: 10458.36
  • Type Of Units: Attached
  • Vacancy Rate: 0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2025 $15,510 $1,300,500 $1,196,460 $104,040
2024 $15,510 $1,275,000 $1,173,000 $102,000
2023 $3,033 $234,734 $148,530 $86,204
2022 $2,899 $230,132 $145,618 $84,514
2021 $2,855 $225,620 $142,763 $82,857
2019 $2,773 $218,930 $138,530 $80,400
2018 $2,721 $214,638 $135,814 $78,824
2016 $2,509 $206,305 $130,541 $75,764
2015 $2,473 $203,207 $128,581 $74,626
2014 $2,494 $199,228 $126,063 $73,165
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $1,525,000 -4.4% $1,138 / Sq Ft
07/02/2025 07/02/25 For Sale $1,595,000 +27.6% $1,190 / Sq Ft
05/05/2023 05/05/23 Sold $1,250,000 -3.8% $933 / Sq Ft
04/13/2023 04/13/23 Price Changed $1,300,000 0.0% $970 / Sq Ft
04/13/2023 04/13/23 For Sale $1,300,000 -10.0% $970 / Sq Ft
12/24/2022 12/24/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $1,445,000 -3.3% $1,078 / Sq Ft
10/04/2022 10/04/22 For Sale $1,495,000 -- $1,116 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,250,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Closed $1,522,500 New Conventional
Previous Owner $129,205 Unknown
Source: Public Records

Similar Homes in the area

  • 563 Westminster Ave, Venice, CA 90291

    $1,175,000

    • 5 Beds
    • 5 Baths
    • 3,376 Sq Ft
    • 563 Westminster Ave
    • Venice, CA

    A rare and exciting opportunity to own a 50% Tenant-In-Common (TIC) interest in a charming Venice triplex, located just blocks from Abbot Kinney, the beach, and the iconic canals. This offering includes exclusive use of a spacious 1400 SQFT 2-bedroom, 2-bath unit (#3), full of Venice charm with hardwood floors, an updated kitchen, fireplace and abundant natural light. In addition, the buyer will

    Narinderpaul Badhan Westgate Property Group Inc.

    Section Image
  • 1136 Marco Place, Los Angeles, CA 90291

    $1,757,757

    • 4 Beds
    • 1,870 Sq Ft
    • 1136 Marco Place
    • Los Angeles, CA

    Charming 4-Unit Investment Opportunity in Prime Venice LocationBuilt in 1949, this well-maintained 4-unit apartment building sits on a 4,364 sq ft lot and offers a total of 1,870 sq ft of living space. Each unit is a 1-bedroom, 1-bath, ideally situated on a quiet, tree-lined street in one of Venice’s most sought-after residential neighborhoods.Presenting immediate upside for investors

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 611 Sunset Ave, Venice, CA 90291

    $1,495,000

    • 3 Beds
    • 2 Baths
    • 1,496 Sq Ft
    • 611 Sunset Ave
    • Venice, CA

    Venice Beach Living! A Lovely Duplex in the heart of Venice is your perfect investment opportunity, situated in arguably one of the most ideal parts of Venice Beach. Just a few blocks from the sand and iconic Venice Beach Boardwalk, this duplex boasts the first unit, two bedrooms, one bathroom, and a 936-square-foot. The second unit has one bedroom, one bathroom, and a 560-square-foot; the garage

    Abi Robledo HAVEN ROBLEDO REALTY

    Section Image
  • 2200 Penmar Ave, Venice, CA 90291

    $1,495,000

    • 4 Beds
    • 3 Baths
    • 2,054 Sq Ft
    • 2200 Penmar Ave
    • Venice, CA

    We are pleased to present 2200 Penmar Ave a charming 3-unit apartment building located in the heart of Venice, one of Los Angeles' most desirable coastal neighborhoods. Built in 1949, the property features (2) one-bedroom + one-bath units and (1) two-bedroom + one-bath unit, totaling approximately 2,054 square feet of rentable space on a 4,545 square foot lot. All units are equipped with in-unit

    Michael Sterman Marcus & Millichap

    Section Image
  • 1205 Appleton Way, Venice, CA 90291

    $1,590,000

    • 4 Beds
    • 3 Baths
    • 1,725 Sq Ft
    • 1205 Appleton Way
    • Venice, CA

    Two delightful Venice houses on one lot. Looking for flexibility? Great as a family compound or for partners. Live in one and rent the other or rent them both. Great location in quiet and convenient East of Lincoln neighborhood. The front unit, 1632 Penmar, is a traditional sunny 2 bedroom, 1 bath with a fenced yard and raised veggie bed. The interior features a large living room and open floor

    Janin Paine Compass

    Section Image
  • 1167 Nelrose Ave, Venice, CA 90291

    $1,425,000

    • 4 Beds
    • 3 Baths
    • 1,888 Sq Ft
    • 1167 Nelrose Ave
    • Venice, CA

    Lee & Associates is pleased to present the opportunity to purchase this multi-family triplex at 1167 Nelrose Avenue, consisting of 1,888 square feet of building on 4,401 square feet of land. The property is situated in the heart of Venice, walking distance to iconic Abbot Kinney Boulevard.Originally built in 1952, the property is rich with history. Mature landscaping and an expansive shared

    Spencer Horak Lee & Associates Los Angeles West Inc.

    Section Image
  • 420 Venice Way, Los Angeles, CA 90291

    $1,295,000

    • 2 Beds
    • 2 Baths
    • 1,473 Sq Ft
    • 420 Venice Way
    • Los Angeles, CA

    Fantastic Venice Beach Duplex - This charming duplex offers incredible potential for both owner-users and savvy investors. Situated just blocks from the beach and all of Venice's iconic shops, cafes, and hot spots, this property delivers the ultimate coastal lifestyle.The back unit, perfect for an owner-occupant, is vacant and move-in ready, featuring a generously sized 1 bed, 1 bath layout with

    Tyler Kunkle Pardee Properties

    Section Image
  • 125 Brooks Ave, Venice, CA 90291

    $1,849,000

    • 4 Beds
    • 3 Baths
    • 2,173 Sq Ft
    • 125 Brooks Ave
    • Venice, CA

    **PRICED TO SELL** This Venice Beach duplex offers an unbeatable location, just one block from the sand and moments from Abbot Kinney, Ocean Front Walk, Main Street, Rose Avenue, and Google. The property includes two units, six parking spaces, and gated access for added privacy. The ground-floor unit spans two stories and features two bedrooms and two bathrooms, while the upper unit offers two

    Bjorn Farrugia Carolwood Estates

    Section Image
  • 20 19th Ave, Venice, CA 90291

    $1,750,000

    • 4 Beds
    • 4 Baths
    • 2,328 Sq Ft
    • 20 19th Ave
    • Venice, CA

    PORTFOLIO SALE: 11 19TH AVE (3 UNITS), 20 19th AVE (4 UNITS) & 11 20th AVE (3 UNITS) PROPERTIES CAN BE SOLD TOGETHER OR SEPARATELY.... 20 19th Ave, a charming 4-plex investment opportunity right in the heart of Venice on a "Walk-Street", just steps away from the beach. This 2,328 square foot property features four bright 1-bedroom / 1-bathroom units with two units on each floor.Current ownership

    Jake Glaser Lyon Stahl Investment Real Estate, Inc.

    Section Image

Source: The MLS

MLS Number: 25559855

The MLS

APN: 4241-007-029