Spectacular opportunity to purchase a turnkey investment property on a corner lot at the Venice/Santa Monica border. Move-in ready completely remodeled main house has a tranquil zen-like front yard, Viking Kitchen and a hot tub. Main house also features a fully remodeled mother in-law unit with high ceilings and a separate entrance. Two separate tenant occupied studios offers stable rental income. Property is officially in Venice, but the Santa Monica border is across the street-Ozone Park is your extended front yard. One block to the heart of Rose Avenue corridor (touted as "the next Abbott Kinney Blvd"), with fine dining, coffee shops, yoga, juice bars, etc. and Silicon Beach businesses. Conveniently located with beach access, close to the funky art scene and famous Venice Beach boardwalk. This income and live property is your gateway to a lifestyle of easygoing beach days, access to the world's tech and creative hub and an array of food, health and night time leisure activities.
Multi-familyProperty Type
1947Year Built
4,151 sq ftLot Size
$1,248Est. Price/Sq.Ft.
3 garage spacesParking
Listed by Rosemary Clubb•DRE #01378155• Salt Air Real Estate
•310-963-4017 (agent)
•rose@saltairrealestate.com (agent)
Bought with Rosemary Clubb•DRE #01378155• Salt Air Real Estate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
3
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
4,151 Sq. Ft.
Year renovated
1952
Sq. Ft.
1,809
Year built
1947
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
4240003018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
Nov 15, 2024 • Final
Bldg-alter/repair
Apply a coating to an existing exterior balcony or deck.
Remodel
Nov 8, 2024 • Final
Plumbing
Remove and replace earthquake shut off valves.
Gas
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Assigned, 3 Car Garage
Parking
# of Parking Spaces (Total): 5
# of Covered Parking Spaces: 3
Interior
Virtual Tour
Equipment
Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator
Heating & Cooling
A/C
Central Heat, Wall Heat
Multi-Unit Income
Gross Income: 141408
Gross Operating Income: $137,166
Net Operating Income: $131,706
Multi-Unit Expenses
Trash Expense: $60
Gas Expense: $25
Insurance Expense: $100
Electric Expense: $100
Water Expense: $95
Gardener Expense: $100
Total Annual Expense: $5,460
Multi-Unit Other Financial Information
Gross Rent Multiplier: 15.5
Vacancy Rate: 3
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1, 2, 3
Type Of Units: Triplex
# of Buildings: 1
Unit 1 Information
# of Beds: 3
# of Baths: 1.75
Projected Rent: $9,100
# of Units: 1
Unit 2 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,650
Projected Rent: $1,699
Actual Rent: $1,650
# of Units: 2
Unit 3 Information
# of Beds: 0
# of Baths: 1.00
Rent: $1,034
Projected Rent: $1,065
Actual Rent: $1,034
# of Units: 3
Exterior
Building Information
Total Floors: 2
Property Information
Property Type: Residential Income
Lot Information
Lot Size (Sq. Ft.): 4,151
Zoning: LARD2
Financial
Assessment Information
Assessed Land Value: $969,474
Assessed Improvement Value: $414,060
Assessor Parcel Number: 4240-003-018
Location
Community Information
# of Units in Complex (Total): 3
Location Information
Directions: 2 blocks west of Lincoln, 1 block north of Rose Ave
Public facts
Beds: 3
Baths: 4.0
Sq. Ft.: 1,809
Stories: —
Lot Size: 4,151 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1947
Year Renovated: 1952
County: Los Angeles County
APN: 4240003018
Home facts updated by county records on Sep 21, 2026
Other
Documents & Disclosures
Disclosures: Termite - Report Only
Around this home
Schools
Broadway Elementary School
Public K-5 • Assigned • 0.7mi
9/10
Mark Twain Middle School and World Languages Magnet
Public 6-8 • Assigned • 1.6mi
8/10
Venice Senior High School
Public 9-12 • Assigned • 1.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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