577 Venice Boulevard Venice, CA $ 1,695,000
577 Venice Boulevard
$ 1,695,000
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577 Venice Boulevard

Venice, CA, 90291
$ 1,695,000
Bedrooms3 Baths3.0 Sq 1,510

Monthly Estimate*

$ 10,151

Listed by Keller Williams Beverly Hills
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Multi-Family Home for sale in Venice, CA

for $1,695,000 with 3 bedrooms and 3 full baths. This 1,510 square foot home was built in 1953 on a lot size of 0.101.

Located at 577 Venice Blvd, this duplex offers an unbeatable investment in the heart of Venice, CA. Featuring R3 zoning, the property allows for potential expansion into a triplex by converting the spacious garage. Priced below market value under $1.7 million, this deal includes the current owner's request to remain on the premises as a rent-paying tenant, with the second unit delivered vacant, providing immediate rental income potential.Situated in a highly desirable area, this property is just minutes from Venice Beach, the iconic Venice Canals, and the vibrant Abbot Kinney Boulevard, known for its trendy boutiques, top-rated dining, and lively arts scene. Enjoy quick access to the boardwalk, eclectic shops, and the buzzing nightlife that makes Venice a world-renowned destination. With its excellent walkability, proximity to Silicon Beach, and easy access to major freeways, this property is not only a fantastic investment but also a gateway to the best of coastal living. Possible opportunity to convert the garage into an ADU or third unit. Current owner to remain in one unit as a rent paying tenant. Don't miss this rare chance to own in one of Venice's most sought-after neighborhoods, with endless possibilities for future growth and development!

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Multi-Family Active

Price

$ 1,695,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.101

Year Built

1953

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

24438303

Days on Market

11

Features
General
Interior Features CeilingFans
Heating WallFurnace
Cooling CentralAir
Appliances Dishwasher Refrigerator
Zoning LAR3
Year Built 1953
Stories 1
Levels One
Gross Income 144000.0
County Los Angeles
Net Operating Income 140929.08
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage Y
Garage Y/N N
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions On Venice Blvd.
City Venice
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 2
MLS Area C11 - Venice
Lot Size Units SquareFeet
Lot Size Square Feet 4400.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 7.0
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Exterior
Parking Features Driveway
Total Parking 0.0
Lot Size Area 4400.0
Number of Buildings 1
Spa N
Building Area Total 1510.0
Lot Size Acres 0.101
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 3
Electric On Property Y/N N
Total Baths 3
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Internal Only
Street Number 1 577
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* Excluded Features
List By
Keller Williams Beverly Hills

Broker

(818) 506-4567

Phone

Affordability Calculator

$10,151
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,151
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2024$1,695,000 Listed Price

Map


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577 Venice Boulevard, Venice, CA, 90291 is a Multi-Family Home for sale at $1,695,000 with 1,510 sqft and a lot size of 0.101. 577 Venice Boulevard has 3 bedrooms, 3.0 baths, and was built in 1953. The property's zip code is 90291 which is in Venice, CA