305 N Venice Boulevard, Venice, California 90291, Venice, 90291 - bed, bath

305 N Venice Boulevard, Venice, California 90291 home-pic-0
ACTIVE$2,500,000
305 N Venice Boulevard, Venice, California 90291
0Bed
0Bath
1,330Sqft
3,130Lot
Year Built
1955
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$1,880
HOA
-
Days on market
-
Sold On
-
MLS number
SB25009494
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $2.50M(60th), sqft - 1330(40th), beds - undefined(50th), baths - undefined(50th).

Located on a wide boulevard in Venice, just a few blocks from both the beach and the vibrant Abbot Kinney shops and restaurants, this property offers an unbeatable lifestyle and investment opportunity. Situated on a 33' by 95' lot, this unique property features six rental units, currently generating $13,000 in monthly rental income with potential for growth. The units include a studio, a one-bedroom one-bath unit, an “L-Shape” studio, a “French Doors” two-room suite studio, and two additional studios. All units have hard wood floors. The possibilities are endless, whether you choose to develop it into your dream beach home, build multiple homes by leveraging R3 zoning and potential subdivision opportunities, or add ADUs to further maximize rental income. Don’t miss this rare opportunity to own a truly exceptional property in the heart of Venice Beach!

Price History

Date
Event
Price
09/01/98
Sold
$262,500
Condition Rating
Fair

The property was built in 1955 and appears to have been maintained but not recently renovated. The kitchens and bathrooms show their age, with older appliances and fixtures. While the hardwood floors are a plus, the overall condition suggests it requires minor updates to bring it up to modern standards. The presence of multiple units suggests varying levels of wear and tear.
Pros & Cons

Pros

Prime Location: Located in Venice, a few blocks from the beach and Abbot Kinney, offering a desirable lifestyle and strong rental demand.
Income Potential: Features six rental units generating $13,000 monthly income with potential for increased rents.
Development Opportunity: R3 zoning allows for potential development into a dream beach home, multiple homes, or ADUs to maximize rental income.

Cons

Property Age: Built in 1955, the property may require updates or renovations to meet modern standards.
Unit Variety: The mix of studio and one-bedroom units might not appeal to all tenant demographics, potentially limiting the tenant pool.

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