535 Venice Way

Venice, CA 90291

$1,900,000
Price
3
Beds
3
Baths
1,812 Sq. Ft.
$1,049 / Sq. Ft.
1,812
Sq. Ft.
$1,049
per Sq. Ft.

Description

Exquisite and meticulously updated duplex in the heart of Venice, nestled in a sought-after neighborhood surrounded by trendy restaurants, artisanal cafes, and boutique shops along Abbot Kinney. The front unit features a one-bedroom, one-bathroom sanctuary replete with a meticulously renovated kitchen, bathroom, and flooring, all enveloped by a picturesque front yard (current tenant pays $3,000 per month). The rear unit epitomizes luxury living with its expansive two-story layout boasting two bedrooms...Exquisite and meticulously updated duplex in the heart of Venice, nestled in a sought-after neighborhood surrounded by trendy restaurants, artisanal cafes, and boutique shops along Abbot Kinney. The front unit features a one-bedroom, one-bathroom sanctuary replete with a meticulously renovated kitchen, bathroom, and flooring, all enveloped by a picturesque front yard (current tenant pays $3,000 per month). The rear unit epitomizes luxury living with its expansive two-story layout boasting two bedrooms and two bathrooms, accentuated by a beautiful decorative fireplace and contemporary enhancements throughout, all complemented by an attached two-car garage (current tenant pays $4,680 per month). Experience true Venice Beach living with the opportunity to invest in one of LA's most coveted beach cities. Agents, please refer to private remarks for further details.
  1. Listed by Magnus Hellberg • DRE #01485652 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 535 Venice Way

Water Front
None
Zoning
LAR3
Style
Architectural
Parcel Number
4238019017
Total Units
2.0
Living Area
1812
Source Living Area
Assessor
Area
Venice (C11)

Location

Listing Courtesy of Coldwell Banker Realty, Magnus Hellberg, DRE #01485652
Add your commute
LISTING UPDATED: 04/09/2024 06:07 PM

Property Details for 535 Venice Way

StatusActive
MLS #24-372379
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.05 AC / 2,245 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Magnus Hellberg, DRE #01485652
Add your commute

Building Information for 535 Venice Way

Stories2Residences-Year Built1949Building Size-Lot Size0.05 AC / 2,245 SF

Payment Calculator

$11,781 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$1,412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 535 Venice Way

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: two separate
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water Heaters: Yes
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: $60,600
  • Net Operating Income: $40,000.00
  • Gross Income: $60,060
  • Gross Rent Multiplier: $4.00
  • Total Annual Expense: 25000
  • Tax Expense: $20,000
  • Insurance Expense: $5,000
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0515
  • Lot Size Square Feet: 2245
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 0
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,680.00
  • Unit Actual Rent: $4,680.00
  • Unit Projected Rent: $4,680.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $42,117.00
  • Assessed Improvement Percent: 2.88
  • Assessed Land Value: $1,421,739.00
  • Assessed Land Percent: 97.12
  • Assessed Total Value: $1,463,856.00

Property History for 535 Venice Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 535 Venice Way

Taxable ValueLand$1,393,862Additions$41,292Total$1,435,154
Tax Record2022$16,946 ($1,412 / month)
Home Facts
Total Finished SqFt1,812 SqFtAbove Grade Finished SqFt1,812 SqFtLot Size2,245 SqFtStyleDuplexYear Built1949ZoningLAR3CountyLOS ANGELESAPN4238-019-017

Schools near 535 Venice Way

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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535 Venice Way is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on March 24, 2024 by Coldwell Banker Realty, it's currently listed at $1,900,000. 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. 535 Venice Way is a 3-bed, 3-bath, 1,812 sqft multi-family home built in 1949.

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 Coldwell Banker Realty, Magnus Hellberg, DRE #01485652

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.