227 Market Street, Venice, California 90291, Venice, 90291 - 4 bed, 6 bath

227 Market Street, Venice, California 90291 home-pic-0
ACTIVE$3,200,000
227 Market Street, Venice, California 90291
4Beds
6Baths
3,408Sqft
2,849Lot
Year Built
1990
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$939
HOA
-
Days on market
-
Sold On
-
MLS number
PW25040801
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.20M(60th), sqft - 3408(60th), beds - 4(60th), baths - 6(60th).

227 Market St is a prime duplex located in the heart of Venice, offering an exceptional opportunity in one of the most sought-after neighborhoods. This 3,408 SF building is situated on a 2,849 SF lot and features a well-designed unit mix of (2) spacious 2-bed/2-bath units, each thoughtfully designed with high-end amenities. Each unit boasts a fireplace, an in-unit washer & dryer, a gourmet kitchen, a breakfast room, and two private balconies (front & rear), creating an ideal blend of comfort and functionality. The master bedrooms feature expansive walk-in closets, adding to the luxurious feel of the space. Additionally, the property includes a large storage/office room on the ground floor and tandem garages for convenient parking. Positioned just down the street from the iconic Venice sign, this property offers unparalleled access to the area's vibrant retail, dining, and entertainment options. Whether as a rental investment or an owner-user opportunity, this duplex provides a rare chance to own a high-quality asset in one of Los Angeles’ most dynamic coastal communities.

Condition Rating
Fair

Built in 1990, this property is well-maintained but shows its age in key areas. The kitchen features modern stainless steel appliances and clean white cabinets, but the laminate countertops and lack of a backsplash are not 'gourmet' by current standards. The bathrooms, particularly one with a tiled vanity and tub surround, are clean but distinctly dated in style. While some updates like vinyl plank flooring and newer laundry appliances are present, the overall aesthetic of the wet areas suggests a renovation that is 15-30 years old, aligning with the 'fair' condition criteria of being aged but maintained with outdated components.
Pros & Cons

Pros

Prime Venice Location: Situated in the highly desirable heart of Venice, offering unparalleled access to vibrant retail, dining, and entertainment, and proximity to the iconic Venice sign.
Income-Generating Duplex: As a duplex, the property presents a strong opportunity for rental income or a flexible owner-user arrangement, enhancing its investment appeal.
High-End Unit Amenities: Each spacious 2-bed/2-bath unit is thoughtfully designed with high-end amenities including a fireplace, in-unit laundry, gourmet kitchen, and private balconies.
Functional Layout & Spacious Units: The property features two spacious 2-bedroom, 2-bathroom units, providing an ideal blend of comfort and functionality for residents.
Valuable Parking & Storage: Includes tandem garages for convenient parking and a large ground-floor storage/office room, highly desirable features in a dense urban environment.

Cons

Limited Lot Size: The 2,849 SF lot is relatively small for a duplex of this size, potentially limiting outdoor space or future development options.
Significant Investment Cost: The $3.2 million list price represents a substantial investment, which may narrow the pool of potential buyers despite the prime location.
Lack of Noteworthy Views: The property description does not highlight any significant views, which could be a drawback for buyers seeking premium coastal vistas in Venice.

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