Venice, CA 90291,525 VENICE WAY
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Venice, CA 90291,525 VENICE WAY
Venice, CA 90291,525 VENICE WAY
Venice, CA 90291,525 VENICE WAY
Venice, CA 90291,525 VENICE WAY

$2,400,000

Est. payment /mo

$2,350,000

2.1%
Est.Price: ?

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525 VENICE WAY Venice, CA 90291

4,491 Sqft Lot

SOLD DATE : 05/05/2022

Key Details

Sold Price $2,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 22135285

Sold Date 05/05/22

HOA Y/N No

Year Built 1947

Lot Size 4,491 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Heating Central, Wall Furnace

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Garage One Space

Community Features Gated

View Y/N Yes

Parking Type One Space

Total Parking Spaces 5

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 4238019020

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Nourmand • Nourmand & Associates-BH
Bought with David Yadegaran • Engel & Volkers Beverly Hills

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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