521 Venice Way - Apartments FOR SALE


Venice, CA 90291
$2,695,000 USD
310-666-8646
521 Venice Way, Venice, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

521 Venice Way
Venice, CA 90291


OVERVIEW

Welcome to The Bungalow Triplex, a rare Venice offering that perfectly blends charm, lifestyle, and income potential. Whether you're an owner-user seeking supplemental rental income, an investor looking to maximize returns, or exploring short-term rental opportunities, this unique property presents exceptional versatility in one of Los Angeles' most coveted coastal neighborhoods. Ideally located just moments from the Venice Canals, Venice Beach, and the renowned shops, restaurants, and boutiques of Abbot Kinney Boulevard, this is quintessential Venice living at its finest. The spacious rear residence is a 2-bedroom, 2.5-bath townhome-style unit spanning approximately 1,200 square feet. Designed to live like a single-family home, it features dual en-suite bedrooms, vaulted ceilings, a private balcony, and an open, airy floor plan that offers both comfort and privacy. At the front of the property are two charming 1-bedroom, 1-bath detached bungalows, each filled with natural light and character. The true appeal of this property is that every residence lives as its own private bungalow, a highly desirable feature that consistently attracts quality tenants in the Venice market. All three units have been thoughtfully updated with upgraded appliances, private in-unit washers and dryers, and benefit from recently replaced gas lines and a newer roof. The property also offers five parking spaces, beautifully landscaped communal outdoor areas, and an outdoor shower perfect for rinsing off after a day at the beach. With strong rental appeal, exceptional flexibility, and an unbeatable Venice location, The Bungalow Triplex presents a rare opportunity for both investors and owner-users to enjoy the best of coastal California living while generating meaningful income.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$1,008 USD /SF

# OF UNITS

3

PRICE/UNIT

$898,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bungalow Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,493 SF

ZONING

LARD1.5

APN/PARCEL ID

4238-019-020

ASK ABOUT THIS PROPERTY

Simon MashianAKG Christie'sMore Info
310-666-8646

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Simon MashianAKG Christie'sMore Info
310-666-8646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.