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Karen Hiatt

karen.hiatt@engelvoelkers.com +1(805) 551-1225

Listed by Eric Eide • RE/MAX MASTERS REALTY

$ 2,795,000

Est. payment -/mo

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2403 Louella Avenue Venice, CA 90291

2,947 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,947 sqft

Price per Sqft $948

MLS Listing ID CV-25215931

Style Traditional

Year Built 1950

Lot Size 5,858 Sqft

Property Sub-Type Commercial/Residential

Source California Regional Multiple Listing Service (CRMLS)

Property Description

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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAR4

Interior

Interior Features Ceiling Fan(s), Recessed Lighting

Heating Wall Furnace

Flooring Tile, Vinyl

Fireplaces Type None

Laundry See Remarks, Electric Dryer Hookup, Gas Dryer Hookup, Individual Room

Exterior

Parking Features Driveway Level, Garage, Garage - Single Door, Garage Faces Rear, Street, Asphalt, Assigned, Concrete, Covered

Garage Spaces 4.0

Pool None

Community Features Curbs, Gutters, Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

Building

Lot Description Corner Lot, Front Yard, Lawn, Level with Street, Near Public Transit, Rectangular Lot, Sprinklers Drip System, Walkstreet, Back Yard

Sewer Public Sewer, Sewer Paid

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

Karen Hiatt

2403 Louella Avenue Venice, CA 90291

Key Details

Location

Interior

Exterior

Building

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2403 Louella Avenue