250 3rd Ave, Venice, CA 90291

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.