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Sold

525 VENICE WAY

525 VENICE WAY, VENICE, CA 90291

$2,400,000

Excellent opportunity to own three units in the heart of Venice, just a five minute stroll to all the action of Abbot Kinney or to the serenity of the historic canals, and less than a 10 minute walk to the famed Venice Boardwalk and the Pacific Ocean. The vacant 1,200sf back home or the charming 730sf front bungalow (also vacant) are perfect for an owner/investor who wants to live at the property and generate income as well, or the property also allows an excellent opportunity for an investor who prefers to lease all three units. Located on an extra-wide (50x90), oversized 4,493sf lot with mature and attractive landscaping and generous 5 car parking, all of the units boast character and privacy, making this an attractive investment for a variety of buyers. The two-story back home was added in 1988 and is a newly renovated, 2 bed + 2.5 bath with excellent light, vaulted ceilings in dual primary en suite bedrooms perfect for a family or roomates, all new kitchen, new flooring throughout and outdoor living space (both an upstairs deck and side yard), making it feel like a single family home. The two front units are large classic 1 bed + 1 bath 1940's style Venice bungalows with natural charm, privacy and yard space. All units have their own washer/dryer hookups and gas fireplace. Every Friday enjoy farm fresh fruits and veggies at the famed Venice Farmers' Market, and all that Gjelina, Belles Beach House, Great White, Felix Trattoria, Ospi (whose chef is currently featured on Top Chef) and Erewhon Market have to offer within a short distance. The location can't be beat with its central proximity to all Venice attractions. This is truly Venice living at its finest! Two units delivered vacant!

4
beds

5
baths

2,673 Sq.Ft. LIVING AREA

0.103 Acres lot

Trevor Levin

Trevor Levin

Michael Nourmand

Michael Nourmand

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms5
  • Laundry room In Unit

Area & Lot

  • Status Sold
  • Living Area2,673 Sq.Ft.
  • Lot Area0.103 Acres
  • MLS® ID22-135285
  • TypeMULTI_FAMILY
  • YEAR BUILT1947
  • Architecture StylesCalifornia Bungalow
  • View DescriptionTree Top

Exterior

  • STORIES2
  • parkingParking Space
  • HEAT TYPECentral, Wall
  • AIR CONDITIONINGWindow Unit(s)
  • security FeaturesGated, Carbon Monoxide Detector(s), Smoke Detector

Financial

  • Sales Price$2,400,000
  • Zoning LARD1.5

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