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$ 2,495,000
Est. payment | /mo
6 Beds
5 Baths
3,556 SqFt
$ 2,495,000
Est. payment | /mo
6 Beds
5 Baths
3,556 SqFt
Open House
Sun Jun 07, 2:00pm - 4:00pm
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $701
MLS Listing ID 26828637
Bedrooms 6
HOA Y/N No
Year Built 1926
Lot Size 5,802 Sqft
Property Description
Located in one of Venice's most sought-after pockets, 815-817 Broadway presents a rare opportunity to own a thoughtfully updated, income-producing triplex with strong in-place returns and meaningful long-term upside. All three units have been tastefully updated and are filled with natural light, creating warm, inviting living spaces tenants truly enjoy. Each residence features in-unit laundry, its own separate water meter, and a layout that offers a level of privacy rarely found in multi-unit properties. The like-new front residence lives much like a single-family home, complete with its own privatized yard, ideal for those who value space, separation, and indoor-outdoor living. The two rear units are uniquely positioned with no shared common wall, enhancing both quiet and livability, and both feature A/C for added comfort. One of the rear units is now vacant, presenting an ideal opportunity for an owner-user to move into a private, quiet residence while benefiting from strong rental income from the remaining units. Previously generating $12,100 per month in rental income when fully occupied, the property offers compelling cash flow with additional upside ahead. The property also benefits from a valuable RSO exemption, allowing for greater flexibility and operational efficiency over time. Further enhancing the opportunity is the potential to convert approximately 500 square feet of storage into a studio ADU, with projected rents of approximately $2,000-$3,000 per month, offering a meaningful path to increased income and overall value. Rounding out the offering is a rare Venice amenity: seven garage parking spaces, providing added tenant appeal and potential for additional revenue. With strong existing income, vacancy upside, thoughtful updates, exceptional privacy, and future development potential, 815-817 Broadway stands out as a compelling investment in one of Venice's most dynamic neighborhoods. Whether you're looking to invest, live in one unit while generating income, or position yourself for long-term growth, this is a property that meets you where you are and grows with you over time.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Heating Combination
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Garage Spaces 7.0
Garage Description 7.0
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4239014029
Special Listing Condition Standard
Listed by Elvira Davidson Pardee Properties #01881696
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