31 S Venice Blvd Venice, CA 90291
Active
$2,900,000
3 Units
4 Beds
4 Baths
1,968 Area(sq.ft.)
2,641 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,000 | $ 3,000 | $ 3,500 |
| Unit 2 | 1 | 2 | 2 | No | $ 4,650 | $ 4,650 | $ 5,650 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,700 | $ 2,700 | $ 3,500 |
| 3 | 3 | 4 | 4 | $ 10,350 | $ 10,350 | $ 12,650 |
| MLS #: | 25-478459 |
| Days On Market: | 59 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,474 |
| Price per unit: | $ 966,667 |
| Year Built: | 1938 |
Property Details
**Charming Triplex with Unmatched Investment Potential Near Venice Beach** Discover an exceptional investment opportunity with this historic triplex, perfectly positioned steps from the stunning shoreline of Venice Beach. Ideally situated near world-class shopping, iconic Abbot Kinney Boulevard, and top-tier dining, this property places you in the heart of the vibrant Venice Beach community. Whether you envision developing luxury condos, creating your dream owner-occupied residence, or capitalizing on its rental income potential, this triplex invites you to embrace the quintessential California beach lifestyle. Two of the three units will be delivered vacant by February and the other unit is month-to-month, giving you the freedom to customize or maximize rental potential immediately. Highlighting its appeal is the highly coveted LAR3 zoning and three distinct addresses (31, 33, & 33.5), offering unmatched flexibility for future development, owner-occupancy, or maintaining it as a steady income property. The property's layout includes two charming 1-bedroom, 1-bathroom units on the ground floor and a spacious 2-bedroom, 2-bathroom unit on the upper level, which features exclusive access to a breathtaking 360-degree view roof deck perfect for soaking in panoramic views of the Pacific Ocean and Venice Beach. Residents also enjoy a shared open-air patio tucked behind the building, ideal for outdoor relaxation. Convenience meets functionality with three dedicated one-car garages, accessible via an alley behind the property for seamless entry and parking. Additional amenities include: stainless steel appliances, newer water heaters, shared laundry facilities, secure code-key gates. Don't miss your chance to own this one-of-a-kind property and unlock its unlimited potential! (Also listed as separate TIC sales) Show moreInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 151,800 |
| Total Annual Expense: | $ 23,500 |
| Net Operating Income: | $ 128,300 |
| Gross Annual Income: | $ 124,200 |
| Cap Rate: | 3.47% |
| Gross Rent Multiplier: | 19.00 |
| Actual Gross Rent: | $ 124,200 |
Structure
| Type of Units: | Multi-family |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Card/Code Access |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Garage - 3 Car |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Ceiling Fan, Built-Ins, Refrigerator, Range/Oven |
| Heating: | Central, Wall Electric |
| Laundry: | Community |
Exterior
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