1510 Electric Avenue, Venice, California 90291, Venice, 90291 - 5 bed, 4 bath

1510 Electric Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,485,000
1510 Electric Avenue, Venice, California 90291
5Beds
4Baths
2,438Sqft
6,030Lot

Price Vs. Estimate

The estimated value ($1,789,219.7) is $695,780.3 (27%) lower than the list price ($2,485,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated just one block from Abbot Kinney and moments to the beach, this property is on one of Venice's most desirable streets, offering exceptional walkability to popular amenities, dining, and entertainment.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-22. The sold price is $2,325,000.00.

Compared to the nearby listings

Price:$2.48M vs avg $2.29M (+$194,500)61%
Size:2,438 sqft vs avg 1,831.5 sqft69%
Price/sqft:$1.0K vs avg $1.3K24%

More Insights

Built in 1922 (103 years old).
Condition: The front unit of this 1922 triplex appears to be recently and extensively renovated, featuring modern hardwood floors, a stylish kitchen with contemporary cabinets and integrated appliances, and a beautifully updated bathroom with mosaic tiles, a vessel sink, and a skylit shower. These elements suggest an 'Excellent' condition for the primary unit. However, the overall property's age (1922) and the unknown condition of the two tenant-occupied rear units, as highlighted in the property analysis, prevent an 'Excellent' rating for the entire triplex. The presence of solar panels is a significant modern upgrade. Therefore, the property is considered 'Good' as it is move-in ready for the main unit with significant updates, but the overall age and unconfirmed condition of all components across the entire property temper the score.
Year Built
1922
Close
-
List price
$2.48M
Original List price
$2.48M
Price/Sqft
$1,019
HOA
-
Days on market
-
Sold On
-
MLS number
25526563
Home ConditionGood
Features
Patio
View-

About this home

Iconic Venice Triplex on One of the Largest Lots West of Lincoln! Welcome to 1510 Electric Avenue, a rare opportunity to own a character-rich craftsman Venice triplex on one of the largest lots west of Lincoln Blvd. Just one block from Abbot Kinney and moments to the beach, this is the kind of property that rarely comes available! Set on an expansive 6,030 sq. ft lot, this triplex offers 5 bedrooms and 4 bathrooms across 2,438 sq. ft. of living space. The sun drenched front 2 bed, 2 bath home (approx. 1,300 sq. ft.) with hardwood floors, skylit shower, in-unit laundry, and bonus attic space will be delivered vacant and ready for an owner-user or a stylish rental. The two rear units are tenant-occupied, offering immediate income potential. The oversized lot allows for generous outdoor living spaces, including a private front yard and lush back garden ideal for entertaining or simply enjoying the Venice lifestyle. Solar panels, two off-street parking spaces, and historic charm add even more value. Tucked away on one of the most desirable streets in Venice, you are steps from Gjelina, Intelligentsia, the beach, and all the energy of Abbot Kinney, while enjoying rare space and flexibility in a location that has it all.

Price History

Date
Event
Price
08/22/25
Sold
$2,325,000
Condition Rating
Good

The front unit of this 1922 triplex appears to be recently and extensively renovated, featuring modern hardwood floors, a stylish kitchen with contemporary cabinets and integrated appliances, and a beautifully updated bathroom with mosaic tiles, a vessel sink, and a skylit shower. These elements suggest an 'Excellent' condition for the primary unit. However, the overall property's age (1922) and the unknown condition of the two tenant-occupied rear units, as highlighted in the property analysis, prevent an 'Excellent' rating for the entire triplex. The presence of solar panels is a significant modern upgrade. Therefore, the property is considered 'Good' as it is move-in ready for the main unit with significant updates, but the overall age and unconfirmed condition of all components across the entire property temper the score.
Pros & Cons

Pros

Prime Location: Situated just one block from Abbot Kinney and moments to the beach, this property is on one of Venice's most desirable streets, offering exceptional walkability to popular amenities, dining, and entertainment.
Income-Generating Triplex: The property is a triplex with two tenant-occupied units providing immediate income potential, while the front unit is delivered vacant, offering flexibility for an owner-user or a stylish rental.
Oversized Lot & Outdoor Space: Boasting one of the largest lots west of Lincoln (6,030 sq. ft.), the property provides generous outdoor living spaces, including a private front yard and lush back garden, highly desirable in Venice.
Historic Craftsman Charm: Built in 1922, the property retains character-rich craftsman architecture and historic charm, appealing to buyers seeking unique period details combined with modern living features like hardwood floors and skylit showers in the vacant unit.
Sustainable Features & Parking: The inclusion of solar panels enhances energy efficiency and reduces utility costs, complemented by two valuable off-street parking spaces, a significant advantage in this dense urban area.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-22. The sold price is $2,325,000.00.
Age of Property & Maintenance: Constructed in 1922, the property's age suggests potential for higher ongoing maintenance costs and the possibility of outdated systems (e.g., plumbing, electrical) that may require future upgrades.
Tenant Occupancy Limitations: With two of the three units being tenant-occupied, a new owner's immediate flexibility for full property use, extensive renovations, or redevelopment plans may be constrained by existing leases.
Unknown Condition of Rear Units: While the front unit's features are highlighted, the description lacks specific details regarding the condition or recent updates of the two tenant-occupied rear units, implying potential for varied conditions or necessary future investment.

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