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Duplex with Two-Car Garage
For Sale
$1,250,000
Pending

247 5th Ave, Venice, CA

Two tenant-occupied residences offer two-bedroom layouts and individual laundry appliances in Venice.

Property Size1,708 SF
Lot Size0.10 Acres
Days on Market18

Property Features for 247 5th Ave

General Information

Standard status Pending
Size 1,708 SF
Total Parking Spaces 2
Lot size 0.10 Acres
Property subtype Residential Income
Zoning LARD2
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

in-unit washer/dryer

Building Details

Year Built 1947
Buildings 1
Tenancy Multi
Listing Agency: Lyon Stahl Investment Real Estate, Inc.
Listed By: Jake Glaser · License #02128816
Source: Exprealty
Added: Jul 23 Changed: Aug 7 Last Checked: Aug 9 at 11:43AM

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 Lyon Stahl Investment Real Estate, Inc.

Investment Insights

Based on property information with market context.

This Venice duplex contains 1,708 square feet of living area across two 2BR/1BA units, with each residence averaging 854 square feet. Both units are currently tenant-occupied and include their own washer and dryer. A rear garage accommodates 2 cars and is presently used as shared tenant storage.

Constructed in 1947, the property sits on a 4,185 SF LARD2 lot. The roof was replaced in the last five years, while plumbing was partially upgraded to copper in the last fifteen years. Most windows have been replaced with vinyl units. The property is located blocks from the sand and near dining and retail along Abbot Kinney and Main St.

Key Highlights

  • Two 2BR/1BA units totaling approximately 1,708 square feet
  • Each unit averages 854 square feet and is currently tenant‑occupied
  • 4,185 SF LARD2 lot in Venice

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Dental Office Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,106
Businesses Nearby

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two tenant-occupied residences offer two-bedroom layouts and individual laundry appliances in Venice.
Where is this duplex located?
The property is located at 247 5th Ave Venice, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two 2BR/1BA units totaling approximately 1,708 square feet; Each unit averages 854 square feet and is currently tenant‑occupied; 4,185 SF LARD2 lot in Venice
More about this property
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