5-Residence Apartment
1140 Nowita Place, Venice, CA 90291
For Sale
$3,499,999
Three Spanish-style buildings combine four cottages with a separate three-bedroom home on a Venice corner.
Property Size4,015 SF
Lot Size0.28 Acres
Price / SF$871.73
Days on Market19
Property Features for 1140 Nowita Place
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Road Access
Tenant in Place
Amenities
false
5
6
12409
0.2849
Uncovered
4015
3
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Elevate Homes
(818) 384-1212
Listed By:
Christian Aragon
Source:
Gotrealestatesolutions
Added: Oct 20
Changed: Nov 6
Last Checked: Nov 6 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Homes
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Investment Insights
Based on property information with market context.
At the Nowita Place and Penmar Avenue corner in Venice, three single-story Spanish-style buildings contain five residences across approximately 4,015 square feet. Four cottages each have one bedroom and one bathroom, with a garden path and private patio or yard. The separate home facing Penmar has three bedrooms, two bathrooms, its own entrance and driveway, and a rear patio. The buildings date from 1919 to 1930 and feature arched details, wood floors, and built-in cabinetry.
The property has approximately 134 feet of frontage on each street and parking for six or more vehicles. Rose Avenue, Abbot Kinney, and the beach are described as minutes away. All five residences are occupied and subject to existing tenancies at delivery.
The property has approximately 134 feet of frontage on each street and parking for six or more vehicles. Rose Avenue, Abbot Kinney, and the beach are described as minutes away. All five residences are occupied and subject to existing tenancies at delivery.
Key Highlights
- Five occupied residences: four one‑bedroom cottages and one three‑bedroom home
- Approximately 4,015 square feet across three single‑story buildings built between 1919 and 1930
- Approximately 134 feet of frontage along each street at Nowita Place and Penmar Avenue
Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
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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
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Venice, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three Spanish-style buildings combine four cottages with a separate three-bedroom home on a Venice corner.
Where is this apartment building located?
The property is located at 1140 Nowita Place Venice, CA.
What is the asking price?
The asking price for this property is $3,499,999.
What are key features of this property?
This property features: Five occupied residences: four one‑bedroom cottages and one three‑bedroom home; Approximately 4,015 square feet across three single‑story buildings built between 1919 and 1930; Approximately 134 feet of frontage along each street at Nowita Place and Penmar Avenue
