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    1167 Nelrose Ave Venice, CA 90291

    For Sale
    $1,425,000

    Multi-family triplex in the heart of Venice, walking distance to Abbot Kinney Boulevard.

    Property size:
    1,888 SF

    Property Features for 1167 Nelrose Ave

    General Information

    Size
    1,888 SF

    Source: Spencer Horak Agent Spencer Horak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Venice Triplex Near Abbot Kinney

    This multi-family triplex, built in 1952, is located in the heart of Venice, within walking distance of Abbot Kinney Boulevard. The property includes approximately 1,888 square feet of building space on a lot of approximately 4,401 square feet. The property is currently configured as a triplex, featuring two units with one bedroom and one bathroom each, and one unit with two bedrooms and one bathroom. Mature landscaping and an expansive shared patio create an inviting outdoor space. The property presents potential for owner occupants, investors, and developers. Venice is a well-established city in Los Angeles County, with strong demographics due to an affluent and highly educated populace, while offering a niche community feel. Venice was founded in 1905 by Abbot Kinney as a seaside resort town, envisioned as a beachfront community with the charm of Venice, Italy.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.45117
    Latitude
    33.99387

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    FAQs

    What type of property is this?
    Triplex - Multi-family triplex in the heart of Venice, walking distance to Abbot Kinney Boulevard.
    Where is this triplex located?
    The property is located at 1167 Nelrose Ave Venice, CA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - Prime Venice location: Walking distance to Abbot Kinney Boulevard.; - Triplex with upside potential: Ideal for owner-occupants, investors, and developers.; - Outdoor Oasis: Features mature landscaping and an expansive shared patio.
    (310) 899-2728
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1167 Nelrose Ave Venice, CA 90291
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