2329 Ocean Ave 3 Unit Apartment Building $2,500,000 ($833,333/Unit) Venice, CA 90291




INVESTMENT HIGHLIGHTS
- Prime Venice Beach Location just a few blocks from the Venice Canals, the beach, and Abbott Kinney
- Each cottage features a designer kitchen
- Perfect as an owner/user investment or a creative live/work compound
- Each unit has private laundry, and the property is surrounded by an enclosed yard with low-maintenance landscaping
EXECUTIVE SUMMARY
Situated in the heart of Venice, this charming triplex offers an exceptional blend of versatility and luxury. The property comprises of two 1-bed, 1-bath units and a studio, each designed for seamless indoor/outdoor living. Perfect as an owner/user investment or a creative live/work compound, the possibilities are endless. Each cottage features a designer kitchen adorned with Waterworks ceramic subway tile, statuary marble countertops, and top-of-the-line Viking and Bertazzoni appliances. French hardwood floors flow throughout the living areas, while high-pitched beam ceilings and built-in cabinetry add character and charm. Enjoy the ocean breeze through French doors that lead to a spacious deck, complete with sensor-activated lighting, built-in benches, a gas fire pit, and a BBQ grill—perfect for entertaining. Each unit has private laundry, and the property is surrounded by an enclosed yard with low-maintenance landscaping, including English roses and succulents. Just a short stroll to the Venice Canals, the beach, Abbott Kinney's best dining and shopping, Erewhon, and the Farmers Market—this triplex captures the essence of Venice living.
PROPERTY FACTS
Price | $2,500,000 |
Price Per Unit | $833,333 |
Sale Type | Investment |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Size | 1,056 SF |
Average Occupancy | 66% |
No. Stories | 1 |
Year Built | 1921 |
Parking Ratio | 0.95/1,000 SF |
Zoning | LARD1.5 |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 2 | $4,850 | - |
Studios | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)