250 3rd Ave

Venice, CA 90291

$3,888,000
Price
4
Beds
8
Baths
3,288 Sq. Ft.
$1,182 / Sq. Ft.
3,288
Sq. Ft.
$1,182
per Sq. Ft.
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Listed By Compass
Listed By Compass
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Description

250 3rd Avenue, an eight-unit multifamily property situated in the heart of Venice, California one of the most coveted and supply-constrained coastal submarkets in Los Angeles. Thoughtfully redesigned by the acclaimed Teague Designs, the building embodies the refined, architecturally intentional aesthetic that defines modern Venice living, offering a rare convergence of design quality, location, and investment merit.The property offers four one-bedroom / one-bathroom units and four studio units,...250 3rd Avenue, an eight-unit multifamily property situated in the heart of Venice, California one of the most coveted and supply-constrained coastal submarkets in Los Angeles. Thoughtfully redesigned by the acclaimed Teague Designs, the building embodies the refined, architecturally intentional aesthetic that defines modern Venice living, offering a rare convergence of design quality, location, and investment merit.The property offers four one-bedroom / one-bathroom units and four studio units, each substantially upgraded with contemporary cabinetry, modern appliances, and finishes that reflect current market expectations. The unit mix is distinguished by a series of premium features seldom found in comparable product: two of the one-bedroom units boast very large private patios, two top-floor one-bedroom units showcase soaring open ceilings with exposed wood beams, and two studio units offer private balconies all of which extend the indoor-outdoor flow that Venice renters prize. A landscaped communal garden courtyard at the building's entrance provides a welcoming shared outdoor space, and six on-site parking spaces offer a meaningful advantage in a neighborhood where parking is consistently at a premium.Recent capital improvements reflect a comprehensive approach to asset stewardship, including replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building's balconies with new handrails approximately six years ago. On-site laundry serves residents; utilities are landlord-paid, with five electric meters and five gas meters on-site. The existing parking configuration additionally presents a viable ADU development opportunity, subject to applicable zoning approvals, offering a future owner a clear path to added income and asset densification. With its distinguished architectural character, premium unit features, and address within one of the Westside's most desirable lifestyle corridors, 250 3rd Avenue represents a compelling opportunity to acquire a differentiated, income-producing coastal asset with meaningful long-term upside. Please contact listing agents for a copy of the Offering Memorandum.

Listing Agents

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

    P: (310)-779-9929

    CallText
  2. Jacqueline Carroll

    Jacqueline Carroll

    Alternative Listing Agent

    Compass

    DRE #02139996

    P: (917)-757-3442

    CallText

Property Details for 250 3rd Avenue

Zoning
LARD1.5
Parcel Number
4286001012
Total Units
8.0
Living Area
3288
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
3%
Lot Size Area
6324
LISTING UPDATED: 04/30/2026 12:06 AM

Property Details for 250 3rd Avenue

StatusActive
MLS #26771865
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.15 AC / 6,324 SF
CountyLos Angeles County
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Location

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Jacqueline Carroll, DRE #02139996
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Building Information for 250 3rd Avenue

Stories-Residences-Year Built1956Building Size-Lot Size0.15 AC / 6,324 SF

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$20,716 per month

30 year fixed, 6.36% Interest

Principal and Interest

$19,374

Property Taxes

$1,342

HOA Dues

$0

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Property Information for 250 3rd Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $246,931
  • Net Operating Income: $161,958.00
  • Gross Income: $246,931
  • Gross Rent Multiplier: $15.30
  • Total Annual Expense: 84973
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1452
  • Lot Size Square Feet: 6324
  • Lot Size Dimensions: 43x145
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 0
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Ceiling Fan
  • Cooling Type: Ceiling Fan
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: Dishwasher, Ceiling Fan, Refrigerator, Freezer, Range/Oven
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2026
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $7,599.00
  • Unit Projected Rent: $10,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,385.00
  • Unit Actual Rent: $13,540.00
  • Unit Projected Rent: $14,290.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $277,240.00
  • Assessed Improvement Percent: 21.79
  • Assessed Land Value: $995,247.00
  • Assessed Land Percent: 78.21
  • Assessed Total Value: $1,272,487.00

Property History for 250 3rd Avenue

DateEvent & SourcePriceAppreciation
Apr 22, 2026

Listed (Active)

CRMLS #26771865

$3,888,000—
Apr 22, 2026

Listed (Active)

CLAW #26771865

$3,888,000—
Jun 12, 2006

Expired

CLAW #06-002693

$1,990,000—
DateEvent & SourcePrice
04/22/2026

Listed (Active)

CRMLS #26771865

$3,888,000
04/22/2026

Listed (Active)

CLAW #26771865

$3,888,000
06/12/2006

Expired

CLAW #06-002693

$1,990,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 250 3rd Avenue

Taxable ValueLand$995,247Additions$278,440Total$1,273,687
Tax Record2025$16,106 ($1,342 / month)
Home Facts
Total Finished SqFt3,288 SqFtAbove Grade Finished SqFt3,288 SqFtLot Size6,322 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLARD1.5CountyLOS ANGELESAPN4286-001-012

Schools near 250 3rd Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Mark Twain Middle School and World Languages Magnet
Public - 6 to 8
Venice Senior High School
Public - 9 to 12
Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Mark Twain Middle School and World Languages Magnet
Public6 to 8

Venice Senior High School
Public9 to 12

Hilda L. Solis Learning Academy School Of Technology, Business And Education
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Venice
Venice
Home to a vibrant surfing and skate culture, Venice maintains an edgy coolness that has long attracted the city’s free spirits. Venice was founded in the early 1900’s by a tobacco millionaire, Abbot Kinney. The area was originally a beach resort set on two miles of ocean front property. It was an...
Venice Guide

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More information about 250 3rd Avenue, Venice, CA 90291

250 3rd Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on April 22, 2026 by Compass, it's currently listed at $3,888,000. It has been on the market for a total of 27 days and was last sold on March 7, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 250 3rd Avenue is a 4-bed, 8-bath, 3,288 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Jacqueline Carroll, DRE #02139996

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.