Venice (C11) Homes with Mixed Use Subtype

Venice (C11) Homes with Mixed Use Subtype

**Discover the Allure of Venice, California – Where Charm Meets Opportunity**

Nestled in the vibrant heart of Los Angeles County, Venice, California is a unique blend of coastal beauty and artistic spirit. Renowned for its stunning beaches, eclectic boardwalk, and iconic canals, Venice offers a lifestyle that is as dynamic as its surroundings. With a rich history that dates back to the early 1900s, this neighborhood has evolved into a cultural hotspot, attracting artists, entrepreneurs, and beach lovers alike.

One of the most appealing aspects of Venice is its mixed-use properties, which provide an excellent opportunity for both living and working in the same space. Homes with a mixed-use subtype are ideal for those looking to embrace the entrepreneurial spirit of this vibrant community. Imagine waking up in your stylish loft, just steps away from your own boutique, café, or studio. The flexibility of mixed-use properties allows for a seamless blend of residential comfort and business potential, making it a perfect choice for creative professionals and small business owners.

The neighborhood is also home to a diverse range of amenities, from trendy restaurants and artisanal shops to art galleries and wellness centers. The famous Venice Beach is the perfect backdrop for outdoor activities, while the nearby Venice Canals offer a serene escape for leisurely walks or bike rides.

Whether you're looking to invest in a mixed-use property or simply want to experience the unique lifestyle that Venice has to offer, this charming coastal community is a place where dreams can flourish. Embrace the Venice lifestyle and explore the endless possibilities that await you!

Newest Venice (C11) Homes with Mixed Use Subtype

$2,850,000
SB26039701 MLS Active Status
Situated in a prime Venice location north of Abbot Kinney Blvd, 616 Sunset Ave presents a well-positioned 4-unit multifamily opportunity with additional development upside in one of Los Angeles’ most sought-after coastal submarkets. The property features classic Spanish-style architecture and consists of (4) 2-bedroom / 1-bath units totaling approximately 3,224 square feet on a 4,802 square foot lot. The units have undergone extensive renovations under current ownership, including new 100-amp electrical panels in each unit, recessed lighting, new outlets and switches, new flooring, new drywall and paint throughout, and updated smoke detectors. Kitchens have been upgraded with new countertops, cabinetry, dishwashers, refrigerators, stoves, and vent hoods, while bathrooms feature new showers, tile, and vanities. Each unit is equipped with in-unit stackable washer and dryer systems, significantly enhancing tenant appeal. Second-story units include private balconies with west-facing windows providing strong natural light and ocean breezes, and a shared outdoor patio area further enhances livability. In addition to the stabilized in-place income, ownership has commissioned plans for a detached two-story duplex ADU (Buyer to Verify Feasibility & Permitting) totaling approximately 965 square feet, designed as (2) 1-bedroom / 1-bath units above a new carport structure. The proposed improvement would increase the total unit count from four to six units and expand total living area to approximately 4,356 square feet, creating meaningful long-term income growth potential. The property includes on-site parking for seven vehicles, a new trash enclosure, and a new roof installed in 2022. Currently offering a 4.86% cap rate, 616 Sunset Ave combines comprehensive capital improvements, strong in-place returns, and clear value-add potential in one of Venice’s most desirable neighborhoods.

616 Sunset, Venice

$2,495,000
CV25215931 MLS Active Status
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.

2403 Louella Avenue, Venice

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.