2429 Ocean Avenue

Venice, CA 90291

$1,650,000
Last Sold Price
3
Beds
5
Baths
2,674 Sq. Ft.
$617 / Sq. Ft.
2,674
Sq. Ft.
$617
per Sq. Ft.

Description

Venice is one of the most iconic beaches in California. You’ll have the opportunity to live in one and rent out the other. This triplex is less than 500 ft from the canal and minutes to the beach, entertainment, parks, and technology hub of “Silicon Beach” and walking distance to Washington Blvd. and Abbot Kinney. Not far from the Ritz Carlton and Marina Del Rey, this property with its proximity to the local attractions and appeal, makes it a great investment and appreciation. The rental income will...Venice is one of the most iconic beaches in California. You’ll have the opportunity to live in one and rent out the other. This triplex is less than 500 ft from the canal and minutes to the beach, entertainment, parks, and technology hub of “Silicon Beach” and walking distance to Washington Blvd. and Abbot Kinney. Not far from the Ritz Carlton and Marina Del Rey, this property with its proximity to the local attractions and appeal, makes it a great investment and appreciation. The rental income will pay for itself. This triplex consists of two units of two beds and two baths and one unit of studio and one bath. All units include a fireplace with exception to the smaller unit, balcony, parking and storage. Major recent updates include roof replacement, resurface and repaint of exterior walls, and re-piping of the entire property. This is one of the lowest priced triplex in Venice Beach. Make this one of your Monopoly pieces in your portfolio.

Listing Agent

  1. Susan Jung

    Susan Jung

    Listing Agent

    Compass

    DRE #01984588

    susan.jung@compass.com

    P: 917.647.7324

Property Details for 2429 Ocean Avenue

View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2674

Location

Listing Courtesy of Keller Williams Palos Verdes, Susan Jung, DRE #01984588

Sold By Keller Williams Palos Verdes, Susan Jung, DRE #01984588

Add your commute
LISTING UPDATED: 12/11/2020 02:19 AM

Property Details for 2429 Ocean Avenue

StatusClosed
MLS #SB20123196
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.06 AC / 2,701 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Palos Verdes, Susan Jung, DRE #01984588

Sold By Keller Williams Palos Verdes, Susan Jung, DRE #01984588

Add your commute

Virtual Tour

Building Information for 2429 Ocean Avenue

Stories2Residences-Year Built1970Building Size-Lot Size0.06 AC / 2,701 SF

Payment Calculator

$10,749 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,744

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2429 Ocean Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $12,000
  • Gross Scheduled Income: $12,000
  • Net Operating Income: $1,950
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $10,015
  • New Taxes Expense: $26,250
  • Fuel Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,700
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $2,501
  • Water Sewer Expense: $1,880
  • Supplies Expense: $0
  • Total Expenses: $32,331
Tax / Assessment Info
  • Tax Tract Number: 3533
  • Tax Census Tract: 2739.02
  • Tax Lot: 58
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps, Parking
  • Disability Access: No Interior Steps, Other Main Level Modifications
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Refrigerator
  • Equipment: Dishwasher, Refrigerator
  • Interior Features: Attic Fan, Balcony
  • Room Type: Family Room, Galley Kitchen
  • Laundry: Yes
  • Laundry Features: Common Area, Upper Level
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: None
  • Heating: Wall Furnace, Fireplace(s)
  • Heat Equipment: Fireplace
  • Flooring: Carpet, Tile
  • Virtual Tour URL Unbranded: https://youtu.be/0J2yX2Y9iWs
Exterior Features
  • Construction Materials: Cement Siding, Drywall Walls, Plaster
  • Exterior Construction: Plaster
  • Roof: Shingle
  • Fence: No
  • Fence: None
  • Fencing: None
  • View Description: None
  • Waterfront Features: Marina in Community
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 2429 Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2429 Ocean Avenue

Taxable ValueLand$1,404,540Additions$312,120Total$1,716,660
Tax Record2023$20,932 ($1,744 / month)
Home Facts
Total Finished SqFt2,674 SqFtAbove Grade Finished SqFt2,674 SqFtLot Size2,701 SqFtStyleTriplexYear Built1970ZoningLARD1.5CountyLOS ANGELESAPN4227-013-023

Schools near 2429 Ocean Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Palos Verdes, Susan Jung, DRE #01984588

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.