26
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$2,995,000
Est. payment /mo
6 Beds
6 Baths
2,992 SqFt
New
935 Venezia AVE Venice, CA 90291
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,992 sqft
Price per Sqft $1,001
MLS Listing ID 26835373
Bedrooms 6
HOA Y/N No
Year Built 1924
Lot Size 4,795 Sqft
Property Description
Positioned in one of Venice's most coveted pockets just steps from the iconic Walk Streets, the vibrant boutiques of Abbot Kinney, and the ocean, this unique four-unit compound presents an exceptional value opportunity west of Lincoln. Tucked behind mature, lush landscaping on one of Venice's best streets, the property features almost 3,000 sqft of charming living spaces, complemented by a communal laundry facility and a 1-car garage. Delivered completely vacant, this compound serves as a turnkey canvas ready to be optimized to its full short-term rental potential. The spacious 1,500 sqft original Spanish-style front home features two bedrooms and three bathrooms, anchored in the rear by a completely detached 735 sqft upstairs apartment containing two bedrooms and one bathroom. The remaining footprint is composed of 200 sqft ground-floor converted garage studio, alongside a separate 160 sqft bohemian tiki hut. Detailed financial track record and platform performance statements are available to qualified buyers upon request. Verified operational financials showcase the property's massive short-term revenue engine, showing an annualized gross run-rate between $310,000 to $860,000 in recent years, with a historical performance ceiling that peaked at $1,135,000 in a single operating year. The compound offers a versatile investment strategy: it functions as a rock-solid, passive investment with an as-is traditional long-term leasing Cap Rate starting at 4.80%, while simultaneously offering a battle-tested short-term platform history that has delivered up to an exceptional 26.40% Cap Rate at peak historical capacity. For an owner-user, the compound functions as an incredible mortgage offset while occupying the detached main front property. This is an elite coastal real estate play built for the short-term market, where multi-unit flexibility meets a battle-tested revenue engine.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR2
Interior
Interior Features Ceiling Fan(s), Loft
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry See Remarks
Exterior
Parking Features Converted Garage, Door-Single, Garage, On Street
Garage Spaces 1.0
Garage Description 1.0
Total Parking Spaces 1
Building
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4241030006
Special Listing Condition Standard
Listed by Mario Aceves The Agency #02026114
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