Eight-Unit Apartment
For Sale
$3,888,000
250 3rd Ave, Venice, CA 90291
MULTI_FAMILY - Venice, CA
Property Size3,288 SF
Lot Size0.15 Acres
Price / SF$1,182
Days on Market125
Property Features for 250 3rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
4
Bathrooms
8
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 4, Bathroom 7, Bedroom 2, Bathroom 8, Bathroom 3, Bedroom 4, Bathroom 5, Bathroom 1, Bedroom 3
Parking features
Covered
Directions
Located on 3rd Ave between Rose Ave and Marine St.
Subdivision
Venice
Standard status
Active
APN
4286-001-012
Size
3,288 SF
Lot size
0.15 Acres
Utilities
Cooling system
Ceiling Fan(s)
Amenities
landscaped communal garden courtyard
on-site laundry
Building Details
Year built
1956
Floors in Building
2
Number of units
8
Listing Agency:
Compass
(310) 230-5478
Listed By:
John Swartz · License #01873487
(310) 779-9929
Added: Apr 22
Changed: Aug 2
Last Checked: Aug 24 at 12:06AM
MLS# 26771865
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This eight-unit apartment building at 250 3rd Ave offers four one-bedroom, one-bath units and four studio units. The building includes redesigned interiors with contemporary cabinetry, modern appliances, and updated finishes. Several units feature outdoor space, including two one-bedroom units with very large private patios, two top-floor one-bedroom units with soaring open ceilings and exposed wood beams, and two studio units with private balconies. A landscaped communal garden courtyard sits at the building entrance.
The property is on a 0.1452-acre lot with 3,288 square feet and was built in 1956. Parking includes six on-site covered spaces. On-site laundry serves residents, and utilities are landlord-paid with five electric meters and five gas meters on-site.
Recent capital improvements include replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building’s balconies with new handrails approximately six years ago. The existing parking configuration may also present a viable ADU development opportunity, subject to applicable zoning approvals.
The property is on a 0.1452-acre lot with 3,288 square feet and was built in 1956. Parking includes six on-site covered spaces. On-site laundry serves residents, and utilities are landlord-paid with five electric meters and five gas meters on-site.
Recent capital improvements include replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building’s balconies with new handrails approximately six years ago. The existing parking configuration may also present a viable ADU development opportunity, subject to applicable zoning approvals.
Key Highlights
- Eight units: four one‑bedroom one‑bath units and four studio units
- Two one‑bedroom units have very large private patios; two studio units have private balconies
- Landscaped communal garden courtyard at the building entrance
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - LARD1.5 zoned eight-unit apartment building with covered parking, on-site laundry, and ceiling fans.
Where is this apartment building located?
The property is located at 250 3rd Ave Venice, CA.
What is the asking price?
The asking price for this property is $3,888,000.
What are key features of this property?
This property features: Eight units: four one‑bedroom one‑bath units and four studio units; Two one‑bedroom units have very large private patios; two studio units have private balconies; Landscaped communal garden courtyard at the building entrance
