Eight-Unit Multifamily
For Sale
$3,888,000
250 3rd Ave, Venice, CA 90291
Updated eight-unit building offering private patios or balconies, landscaped courtyard, and on-site laundry with landlord-paid utilities.
Property SizeContact for details
Days on Market107
Property Features for 250 3rd Ave
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Building Details
Year Built
1956
Listing Agency:
Compass
Listed By:
John Swartz
Source:
Milsteinestates
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 6 at 4:45AM
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 Compass
Investment Insights
Based on property information with market context.
250 3rd Ave is an eight-unit multifamily property comprising four one-bedroom, one-bath units and four studio units. The residences were thoughtfully redesigned and substantially upgraded with contemporary cabinetry, modern appliances, and updated finishes. Several units offer meaningful private outdoor space: two of the one-bedroom units include very large private patios, two top-floor one-bedroom units feature open ceilings with exposed wood beams, and two studio units include private balconies. A landscaped communal garden courtyard at the building entrance provides shared outdoor space, and on-site laundry serves residents.
The property includes six on-site parking spaces. 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. Utilities are landlord-paid, and the building has five electric meters and five gas meters on-site.
This offering is well suited for an owner seeking a turn-key income-producing multifamily asset with distinct unit amenities and documented systems work. The existing parking configuration also presents a viable ADU development opportunity, subject to applicable zoning approvals, offering an owner the ability to pursue additional development through the permitted process.
The property includes six on-site parking spaces. 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. Utilities are landlord-paid, and the building has five electric meters and five gas meters on-site.
This offering is well suited for an owner seeking a turn-key income-producing multifamily asset with distinct unit amenities and documented systems work. The existing parking configuration also presents a viable ADU development opportunity, subject to applicable zoning approvals, offering an owner the ability to pursue additional development through the permitted process.
Key Highlights
- Eight‑unit multifamily built in 1956 in Venice, CA with four 1BD/1BA units and four studio units
- Upgraded interiors across all units with contemporary cabinetry, modern appliances, and updated finishes
- Outdoor space by unit: two 1BD units with very large private patios; top‑floor 1BD units with open ceilings and exposed wood beams; two studios with private balconies
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated eight-unit building offering private patios or balconies, landscaped courtyard, and on-site laundry with landlord-paid utilities.
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‑unit multifamily built in 1956 in Venice, CA with four 1BD/1BA units and four studio units; Upgraded interiors across all units with contemporary cabinetry, modern appliances, and updated finishes; Outdoor space by unit: two 1BD units with very large private patios; top‑floor 1BD units with open ceilings and exposed wood beams; two studios with private balconies
