Bungalow Triplex Listed at 521 Venice Way
$2,695,000
521 Venice Way, Venice, CA 90291
2,673 SF
Square Feet
$1,008
PPSF
3
Units
800.0K
PPU
Property Description
Units
3 — PPU: 800.0K
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.
Property Details
Asset Type
MultiFamily
Year Built
1947
Zoning
LARD 1.5
Lot Size
4,493 SF
Neighborhood
Venice
ZIP
90291
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$153,308
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$12,776
Annual Debt Service
$153,308
View on Map
Address
521 Venice Way
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Venice MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
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