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 - -
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (97)
  • Listing ID: 33510795

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 2329 Ocean Ave, Venice, CA 90291