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Rick J Lee

rjlrealtygroup@gmail.com +1(714) 943-1598

$ 2,695,000

Est. payment -/mo

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521 Venice WAY Venice, CA 90291

4 Beds

5 Baths

2,673 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,673 sqft

Price per Sqft $1,008

MLS Listing ID 26841919

Bedrooms 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 4,491 Sqft

Property Description

Welcome to The Bungalow Triplex, a rare Venice offering that perfectly blends charm, lifestyle, and income potential. Whether you're an owner-user seeking supplemental rental income, an investor looking to maximize returns, or exploring short-term rental opportunities, this unique property presents exceptional versatility in one of Los Angeles' most coveted coastal neighborhoods. Ideally located just moments from the Venice Canals, Venice Beach, and the renowned shops, restaurants, and boutiques of Abbot Kinney Boulevard, this is quintessential Venice living at its finest. The spacious rear residence is a 2-bedroom, 2.5-bath townhome-style unit spanning approximately 1,200 square feet. Designed to live like a single-family home, it features dual en-suite bedrooms, vaulted ceilings, a private balcony, and an open, airy floor plan that offers both comfort and privacy. At the front of the property are two charming 1-bedroom, 1-bath detached bungalows, each filled with natural light and character. The true appeal of this property is that every residence lives as its own private bungalow, a highly desirable feature that consistently attracts quality tenants in the Venice market. All three units have been thoughtfully updated with upgraded appliances, private in-unit washers and dryers, and benefit from recently replaced gas lines and a newer roof. The property also offers five parking spaces, beautifully landscaped communal outdoor areas, and an outdoor shower perfect for rinsing off after a day at the beach. With strong rental appeal, exceptional flexibility, and an unbeatable Venice location, The Bungalow Triplex presents a rare opportunity for both investors and owner-users to enjoy the best of coastal California living while generating meaningful income.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Interior

Heating Central

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned

Pool None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Landscaped, Yard

Faces South

Entry Level Multi/Split

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4238019020

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Simon Mashian Christie's International Real Estate SoCal #01776131

NEARBY SCHOOL & BUSINESS

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

Rick J Lee

521 Venice WAY Venice, CA 90291

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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521 Venice WAY