828 Indiana Avenue, Venice, California 90291, Venice, 90291 - bed, bath
ACTIVE$3,800,000
828 Indiana Avenue, Venice, California 90291
0Bed
0Bath
3,822Sqft
5,281Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Located just 1 mile from the iconic Venice Boardwalk in a highly sought-after neighborhood, ensuring strong tenant demand and potential for appreciation.
Top Cons:
Restricted Access for Due Diligence: The policy of 'No showing is allowed until an accepted offer' significantly limits a buyer's ability to inspect units and assess property condition prior to committing.
Compared to the nearby listings
Price:$3.80M vs avg $2.00M (+$1,800,000)60%
Size:3,822 sqft vs avg 3,120 sqft60%
Price/sqft:$994 vs avg $78680%
More Insights
Built in 1965 (60 years old).
Condition: Despite being built in 1965, the property has undergone a beautiful and extensive renovation, as confirmed by the listing description and all provided images. The kitchens feature modern flat-panel and shaker-style cabinets, white quartz countertops, subway tile backsplashes, and new stainless steel appliances. Bathrooms are equally updated with modern vanities, new fixtures, and tiled showers/tubs. Flooring throughout includes contemporary LVP, new carpeting, and modern tile. All visible components, including light fixtures, paint, and exterior finishes, appear virtually new and meet current quality standards, indicating a comprehensive renovation likely completed within the last 5 years. The property is move-in ready with no deferred maintenance visible.
Year Built
1965
Close
-
List price
$3.8M
Original List price
$3.8M
Price/Sqft
$994
HOA
-
Days on market
-
Sold On
-
MLS number
PW25065871
Home ConditionExcellent
Features
Patio
View-
About this home
Presenting a beautifully renovated multifamily property consisting of 4 units, located just 1 mile from the iconic Venice Boardwalk. This property offers a unique opportunity for investors looking to acquire a fully occupied income-producing asset in a highly sought-after neighborhood. This 3,822 SF building is situated on a 5,281 SF lot featuring a gated front door and 4 gated parking spaces in the rear, offering privacy and security for tenants. A private common patio space and a well-maintained yard enhances the enjoyment for the tenants. There are separate electric and gas meters for each unit. The unit configurations are two 3bd/2ba & two 2bd/2ba. There are separate electric and gas meters for each unit. It’s fully occupied – please do NOT disturb tenants. No showing is allowed until an accepted offer.
Price History
Date
Event
Price
03/29/18
Sold
$3,159,500
01/09/15
Sold
$1,389,500
Condition Rating
Excellent
Despite being built in 1965, the property has undergone a beautiful and extensive renovation, as confirmed by the listing description and all provided images. The kitchens feature modern flat-panel and shaker-style cabinets, white quartz countertops, subway tile backsplashes, and new stainless steel appliances. Bathrooms are equally updated with modern vanities, new fixtures, and tiled showers/tubs. Flooring throughout includes contemporary LVP, new carpeting, and modern tile. All visible components, including light fixtures, paint, and exterior finishes, appear virtually new and meet current quality standards, indicating a comprehensive renovation likely completed within the last 5 years. The property is move-in ready with no deferred maintenance visible.
Pros & Cons
Pros
Prime Location: Located just 1 mile from the iconic Venice Boardwalk in a highly sought-after neighborhood, ensuring strong tenant demand and potential for appreciation.
Income-Producing Asset: A fully occupied quadruplex with separate electric and gas meters for each unit, offering immediate and stable rental income for investors.
Renovated & Well-Maintained: Described as 'beautifully renovated' with a 'well-maintained yard,' suggesting reduced immediate capital expenditure and attractive living conditions.
Enhanced Security & Privacy: Features a gated front door and 4 gated parking spaces, providing valuable security and privacy for tenants in an urban environment.
Desirable Unit Mix & Amenities: Offers a versatile unit configuration (two 3bd/2ba & two 2bd/2ba) along with a private common patio space, appealing to a broad tenant base.
Cons
Restricted Access for Due Diligence: The policy of 'No showing is allowed until an accepted offer' significantly limits a buyer's ability to inspect units and assess property condition prior to committing.
Tenant Disturbance Prohibition: The 'do NOT disturb tenants' clause, while understandable for a fully occupied property, prevents direct interaction or detailed assessment of tenant relations and unit interiors.
Potential for Hidden Issues: Despite being renovated, the property was built in 1965, which could imply underlying infrastructure or system components that may require future attention not immediately visible.