31 South Venice Boulevard

Venice, CA 90291

$2,850,000
Price
4
Beds
4
Baths
1,968 Sq. Ft.
$1,448 / Sq. Ft.
1,968
Sq. Ft.
$1,448
per Sq. Ft.

Description

This triplex, with a rich history as an investment property, presents an incredible opportunity for real estate buyers and investors. Two of the three units will be delivered VACANT! Situated just steps away from the breathtaking shoreline, this vintage gem offers unrivaled views of the Pacific Ocean and Venice Beach from its impressive roof deck. One of the standout features of this lot is its highly valuable LAR3 zoning and three separate addresses (31, 33, & 33.5 ), opening up a world of possibilities...This triplex, with a rich history as an investment property, presents an incredible opportunity for real estate buyers and investors. Two of the three units will be delivered VACANT! Situated just steps away from the breathtaking shoreline, this vintage gem offers unrivaled views of the Pacific Ocean and Venice Beach from its impressive roof deck. One of the standout features of this lot is its highly valuable LAR3 zoning and three separate addresses (31, 33, & 33.5 ), opening up a world of possibilities for potential buyers. Whether you envision developing luxurious condos, utilizing it as an owner/user property, or simply maintaining it as an income-producing investment, the choice is yours. Its well-designed layout consists of two charming 1BR/1BA units, both located on the ground floor, and a spacious 2BR/2BA unit with exclusive access to the 360-degree view roof deck (refer to floor plan pics for a closer look at the layouts of all three units). All residents can enjoy the shared open-air patio located behind the building. Each unit also comes with a dedicated one-car garage, and the three-bay garage conveniently opens to the alley behind the building, ensuring easy access and parking. The property boasts several noteworthy amenities, including stainless-steel appliances, newer water heaters, a shared laundry room, and secure code key gates. You'll also appreciate the proximity to the area's finest attractions, including world-class shopping and renowned restaurants along the iconic Abbot Kinney Boulevard. Immerse yourself in the vibrant Venice Beach community and embrace the California dream life.
  1. Listed by Richard Schulman • DRE #01427211 • Brokerage DRE #01854200 • KW Advisors
  2. Listed by Daniel Lipshutz • DRE #02115020 • Brokerage DRE #01854200 • KW Advisors

Property Details for 31 South Venice Boulevard

Zoning
LAR3
Style
Traditional
Parcel Number
4226014013
Total Units
3.0
Living Area
1968
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
2

Location

Listing Courtesy of KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Daniel Lipshutz, DRE #02115020
Add your commute
LISTING UPDATED: 04/24/2024 09:41 AM

Property Details for 31 South Venice Boulevard

StatusActive
MLS #24-350423
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.06 AC / 2,641 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Daniel Lipshutz, DRE #02115020
Add your commute

Building Information for 31 South Venice Boulevard

Stories2Residences-Year Built1938Building Size-Lot Size0.06 AC / 2,641 SF

Payment Calculator

$17,043 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,554

Property Taxes

$1,489

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 31 South Venice Boulevard

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3
  • View: Yes
  • View Description: Ocean
  • View: Ocean
  • Security Features: Gated
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $11,350
  • Gross Rent Multiplier: $.00
  • Garage Income: $11,350
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0606
  • Lot Size Square Feet: 2641
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Garage - Three Door
Interior Features
Interior Features
  • Room Type: Primary Bathroom, Living Room
  • Rooms: Master Bedroom, Living Room, Dining Room, Patio Open, Other
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Wall Unit(s), Central
  • Heating: Central
  • Heating Type: Central, Wall Electric
  • Flooring: Wood
  • Equipment: Refrigerator, Washer, Built-Ins, Range/Oven, Dishwasher
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,350.00
  • Unit Actual Rent: $4,350.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $454,863.00
  • Assessed Improvement Percent: 31.02
  • Assessed Land Value: $1,011,536.00
  • Assessed Land Percent: 68.98
  • Assessed Total Value: $1,466,399.00

Property History for 31 South Venice Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 31 South Venice Boulevard

Taxable ValueLand$1,011,536Additions$454,863Total$1,466,399
Tax Record2023$17,867 ($1,489 / month)
Home Facts
Total Finished SqFt1,968 SqFtAbove Grade Finished SqFt1,968 SqFtLot Size2,641 SqFtStyleTriplexYear Built1938ZoningLAR3CountyLOS ANGELESAPN4226-014-013

Schools near 31 South 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 5
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
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.

Similar Homes

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31 South Venice Boulevard is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on January 23, 2024 by KW Advisors, it's currently listed at $2,850,000. It has been on the market for a total of 100 days and was last sold on September 8, 2004. 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. 31 South Venice Boulevard is a 4-bed, 4-bath, 1,968 sqft multi-family home built in 1938.

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 KW Advisors, Richard Schulman, DRE #01427211; KW Advisors, Daniel Lipshutz, DRE #02115020

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.