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Map
$2,409,328*
●
Multifamily -
Off Market
515 Santa Clara Ave
Venice, CA 90291
Studio
0 Bath
$2,150,000 - $2,626,000
Reference Base Price*
0.89%
Since Aug 1, 2023
CA-Los Angeles
Primary Model
About This Property
Welcome to one of the best opportunities in Venice: a 6-unit income
property with NO LA rent control and an Owners unit available! Park
your cash for a 4.3% Cap rate and a strong proforma for a Cap Rate
over 5% with future rent increases! Situated in one of the best
locations, less than 1 minute off Abbot Kinney! This incredible
property offers immense upside, consisting of six freestanding
studio bungalows, each with its own private outdoor space. Perfect
for an owner/user wanting to live in one and utilize the others for
passive income, or bring your 1031 Buyer or investor looking for a
premiere cash-flowing property! //About this Property: Incredible
privacy awaits in the 6-unit retreat. Wrapped in mature
landscaping, you will enter a beautiful entryway filled with
greenery that takes you to each separate studio. Each unit offers a
similar layout, each a studio with its own bathroom, kitchen, and
outdoor space. The units are incredibly charming, filled with
natural light, and offer updated finishes, including beautiful
hardwood floors, kitchens, bathrooms, skylights in some of the
teams, and AC split systems installed in two of the units. The two
front units each have large front decks, and all other units also
have their own private outdoor space! Two private one-car garages,
each unit has an individual water heater and a shared laundry room
for the tenants at the rear of the property. A shared courtyard for
all the units allows for a common area ideal for enjoying morning
coffee or outdoor dining. //The neighborhood: Located in the heart
and soul of Venice. You are a stone's throw from Gjelina, Butcher's
Daughter, Intelligentsia, Erewhon, and more! Ride your bike to the
beach or head over to Rose Ave. Embrace the local creative
character and sense of community - this is SoCal living at its
finest.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1923
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 24, 2024 | Sold | $1,224,000 | |
Sold | |||
Jul 15, 2023 | No longer available | - | |
No longer available | |||
Jun 28, 2023 | Listed | $2,388,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
Stu
4
Baths
2,268 ft²
$1,012/ft²
$2,295,000
Aug 24, 2023
-
-
Active
Townhouse
3
Beds
3
Baths
2,356 ft²
$1,057/ft²
$2,490,000
Sep 25, 2023
-
$550/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/28/2023
|
|
Studio
|
-
|
-
|
$2,388,000
Studio
-
|
-
-
|
-
|
Tamra (Tami) Pardee
Pardee Properties
|
11/18/2020
|
|
Studio
|
-
|
-
|
$2,250,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
515 Santa Clara Avenue
515 Santa Clara Avenue, Venice, CA 90291
- 1 Unit for Sale