2403 Louella Avenue, Venice, California 90291, Venice, 90291 - bed, bath

2403 Louella Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,695,000
2403 Louella Avenue, Venice, California 90291
0Bed
0Bath
2,947Sqft
5,858Lot
Year Built
1950
Close
-
List price
$2.69M
Original List price
$2.79M
Price/Sqft
$914
HOA
-
Days on market
-
Sold On
-
MLS number
CV25215931
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros.

This property is located along Venice Blvd and features 5 units including a large 2 bedroom/1 bath owners unit with private patio. All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc. Several units include patio's or balconies. Added value with below market rents make this investment very attractive. Increase revenue by leasing out the garage spaces and increasing the rents. Also, there is an on-site laundry room for tenants to use. This property has an ideal location in the heart of Silicon Beach’s “Tech Hub” with close proximity to major employers (Snap Inc., Google, System1, Headspace, and more. Less than a mile away from the famous Venice Beach & Boardwalk and in close proximity to other well-known surrounding amenities and locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier. The submarket median home values are expected to increase by approximately 12% in the next 5 years. Adjacent to Culver City, Marina Del Rey, and Santa Monica. Easy access to public transportation and near the 10 and 405 Freeways. This property is only 7 miles away from Los Angeles Airport (LAX) and 2.5 miles away from Santa Monica Airport. In addition, the subject property is 4.5 miles away from West Los Angeles College (WLAC) and 8 miles away from UCLA.

Price History

Date
Event
Price
11/01/25
Price Change
$2,695,000-3.6%
09/26/25
Listing
$2,795,000
01/25/21
Sold
$220,000
Condition Rating
Excellent

Despite being built in 1950, the property's description explicitly states that 'All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc.' The images confirm these extensive updates, showcasing modern, clean, and virtually new kitchens with stainless steel appliances and white cabinetry, updated bathrooms with new tubs and fixtures, and new vinyl plank flooring throughout. This comprehensive renovation brings the interior condition to an excellent standard, meeting current quality standards with no deferred maintenance visible.
Pros & Cons

Pros

Prime Location & Connectivity: Strategically located in the heart of Silicon Beach's 'Tech Hub,' offering close proximity to major employers (Snap Inc., Google), iconic attractions (Venice Beach, Abbot Kinney Blvd), and excellent access to freeways (10, 405) and airports (LAX, Santa Monica Airport).
Significant Value-Add Potential: The property presents a strong investment opportunity with current below-market rents and the ability to generate additional revenue by leasing out garage spaces, allowing for substantial income growth.
Extensive Recent Renovations: All five units have undergone comprehensive renovations, including new paint, dual-pane windows, vinyl flooring, stainless steel appliances, and updated fixtures, reducing immediate capital expenditure for a new owner.
Multi-Unit Income Property: Comprising 5 units, including a large 2-bedroom owner's unit, this property offers diversified income streams and flexibility for an owner-occupant or pure investor, enhanced by an on-site laundry room.
Strong Appreciation Forecast: The submarket is projected to see median home values increase by approximately 12% in the next 5 years, indicating robust long-term capital appreciation potential for the investment.

Cons

High Traffic Location: Situated directly along Venice Blvd, the property may experience significant noise pollution from traffic, potentially impacting tenant comfort and desirability for some.
Age of Building Structure: Built in 1950, despite recent interior renovations, the underlying infrastructure of the 70+ year-old building may require higher long-term maintenance or unforeseen capital expenditures for major systems.
Active Management Required: Capitalizing on the value-add opportunities (raising below-market rents, leasing garages) will require proactive and hands-on property management, including potential tenant turnover and lease negotiations.

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