305-307 North Venice Boulevard

Venice, CA 90291

$2,500,000
Price
6
Beds
6
Baths
1,330 Sq. Ft.
$1,880 / Sq. Ft.
1,330
Sq. Ft.
$1,880
per Sq. Ft.

Description

Location, Location! Amazing opportunity to own or create your own vision by the beach in Venice! Just a short walk to the boardwalk, canals, beach, and some of the best restaurants Venice has to offer! This is a truly a unique one of a kind property with 6 rental units and 6 bathrooms all on one lot. Over 12,000 monthly rental income with potential to increase. Tons of potential to develop the property with over one million estimated profit as either a dream home, or multiple homes with a possible...Location, Location! Amazing opportunity to own or create your own vision by the beach in Venice! Just a short walk to the boardwalk, canals, beach, and some of the best restaurants Venice has to offer! This is a truly a unique one of a kind property with 6 rental units and 6 bathrooms all on one lot. Over 12,000 monthly rental income with potential to increase. Tons of potential to develop the property with over one million estimated profit as either a dream home, or multiple homes with a possible subdivision and R3 zoning, or potential ADU additions. Images are renderings only, Buyer to verify with city and do their own due diligence.
  1. Listed by Aris Anagnos • DRE #01926776 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 305-307 North Venice Boulevard

Zoning
LAR3
Style
Bungalow
Parcel Number
4238023021
Total Units
2.0
Living Area
1330
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of eXp Realty of California Inc, Aris Anagnos, DRE #01926776
Add your commute
LISTING UPDATED: 03/04/2024 01:28 PM

Property Details for 305-307 North Venice Boulevard

StatusActive
MLS #24-345645
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.07 AC / 3,130 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Aris Anagnos, DRE #01926776
Add your commute

Building Information for 305-307 North Venice Boulevard

Stories1Residences-Year Built1955Building Size-Lot Size0.07 AC / 3,130 SF

Payment Calculator

$13,644 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 305-307 North Venice Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: multifamily
Contract Info
Contract Info
  • Disclosures: Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $17.00
  • Owner Pays: Gas
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.0719
  • Lot Size Square Feet: 3130
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 2
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Gas Or Electric Dryer Hookup, Gas Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $18,000.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $50,518.00
  • Assessed Improvement Percent: 2.8
  • Assessed Land Value: $1,752,974.00
  • Assessed Land Percent: 97.2
  • Assessed Total Value: $1,803,492.00

Property History for 305-307 North Venice Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 305-307 North Venice Boulevard

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
Westminster 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

305-307 North Venice Boulevard is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on January 9, 2024 by eXp Realty of California Inc, it's currently listed at $2,500,000. 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. 305-307 North Venice Boulevard is a 6-bed, 6-bath, 1,330 sqft multi-family home built in 1955.

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.

Listing Courtesy of eXp Realty of California Inc, Aris Anagnos, DRE #01926776

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.