315 Vernon Avenue

Venice, CA 90291

$5,400,000
Price
11
Beds
8.5
Baths
4,826 Sq. Ft.
$1,119 / Sq. Ft.
4,826
Sq. Ft.
$1,119
per Sq. Ft.

Description

*** 3rd Price Reduction - $750,000 from original listed price *** The Villas of Venice are an eclectic collection of 6 masterfully Craftsman bungalows built in 1906 & 1922 and completely restored to their original charm. Set on an idyllic resort-like lot, creating a private hideaway yet located steps from Venice Beach and Abbot Kinney Blvd. Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist. Classic Hollywood Golden...*** 3rd Price Reduction - $750,000 from original listed price *** The Villas of Venice are an eclectic collection of 6 masterfully Craftsman bungalows built in 1906 & 1922 and completely restored to their original charm. Set on an idyllic resort-like lot, creating a private hideaway yet located steps from Venice Beach and Abbot Kinney Blvd. Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist. Classic Hollywood Golden era accents including deep green colored cabinets, brass hardware, and a Hollywood Regency style chandelier add a true retro glamour factor to one of the restored kitchens. The extensive use of subway tiles in kitchens and baths creates a retro vibe for today. Breakfast nooks and window seats make these the perfect casual beach bungalows. Each bright and spacious unit features hardwood floors, exposed beams, and ornate detailing in the kitchen and bathroom. Unit interiors include stainless steel appliances, central A/C, and heat, and in-unit washer and dryer. Shared outdoor living space creates community here. The Villas of Venice is part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

  3. Alyson Richards

    Alyson Richards

    Alternative Listing Agent

    Compass

    DRE #02106597

Property Details for 315 Vernon Avenue

Zoning
LARD1.5
Style
California Bungalow
Cross Streets
Hampton Dr. & Vernon Ave.
Parcel Number
4286007006
Total Units
6.0
Living Area
4826
Source Living Area
Other
Area
Venice (C11)
LISTING UPDATED: 09/26/2024 10:59 AM

Property Details for 315 Vernon Avenue

StatusActive
MLS #24-357403
Days on Market304
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.28 AC / 12,008 SF
CountyLos Angeles County

Building Information for 315 Vernon Avenue

Stories1Residences-Year Built1922Building Size-Lot Size0.28 AC / 12,008 SF

Property Information for 315 Vernon Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 5
  • Type Of Units: Bungalows
  • View: No
  • View Description: None
  • View: None
  • Security Features: Card/Code Access, Gated
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $354,484
  • Net Operating Income: $248,148.00
  • Gross Income: $363,574
  • Cap Rate: 4.73%
  • Gross Rent Multiplier: $14.44
  • Financial Info as Of: 08/23/2024
  • Vacancy Allow Percent: 2.50%
  • Total Annual Expense: 106300
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 12008
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Side By Side, Uncovered
  • Total Parking: 8
  • Parking Features: Garage - Two Door, Side by Side, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Tile
  • Equipment: Built-Ins, Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Hood Fan, Refrigerator
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-12-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,616.00
  • Unit Actual Rent: $5,616.00
  • Unit Projected Rent: $5,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,720.00
  • Unit Actual Rent: $5,720.00
  • Unit Projected Rent: $5,775.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,350.00
  • Unit Actual Rent: $10,700.00
  • Unit Projected Rent: $10,800.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,467.00
  • Unit Actual Rent: $4,467.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Property History for 315 Vernon 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 315 Vernon Avenue

Taxable ValueLand$2,144,403Additions$696,930Total$2,841,333
Tax Record2024$34,491 ($2,874 / month)
Home Facts
Total Finished SqFt2,090 SqFtAbove Grade Finished SqFt2,090 SqFtLot Size6,005 SqFtStyleTriplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN4286-007-006

Schools near 315 Vernon 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
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 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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315 Vernon Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on February 12, 2024 by Compass, it's currently listed at $5,400,000. It has been on the market for a total of 304 days and was last sold on January 9, 2020. 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. 315 Vernon Avenue is a 11-bed, 8.5-bath, 4,826 sqft multi-family home built in 1922.

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. 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, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251; Compass, Alyson Richards, DRE #02106597

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.