Venice Multifamily Investment
250 3rd Ave Venice, CA 90291
For Sale
$3,888,000
MULTI_FAMILY - Venice, CA
Property Size3,288 SF
Lot Size0.15 Acres
Price / SF$1,182
Days on Market100
Property Features for 250 3rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
4
Bathrooms
8
Rooms
Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 8, Bedroom 1, Bathroom 7, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 3
Parking features
Covered
Standard status
Active
APN
4286-001-012
Size
3,288 SF
Lot size
0.15 Acres
Utilities
Cooling system
Ceiling Fan(s)
Building Details
Year built
1956
Floors in Building
2
Number of units
8
Listing Agency:
Compass
(310) 230-5478
Listed By:
John Swartz · License #01873487
(310) 779-9929
Added: Apr 22
Changed: Jul 29
Last Checked: Jul 30 at 3:06AM
MLS# 26771865
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Investment Insights
Based on property information with market context.
Located in the heart of Venice, California, at 250 3rd Avenue, this eight-unit multifamily property presents a unique investment opportunity in a supply-constrained coastal submarket of Los Angeles. The building, thoughtfully redesigned by Teague Designs, features a refined aesthetic that defines modern Venice living. The property includes four one-bedroom/one-bathroom units and four studio units, each upgraded with contemporary cabinetry, modern appliances, and finishes. Two of the one-bedroom units feature large private patios, while two top-floor one-bedroom units showcase open ceilings with exposed wood beams. Additionally, two studio units offer private balconies, enhancing the indoor-outdoor flow. A landscaped communal garden courtyard is located at the building's entrance. Six on-site parking spaces are available. 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. On-site laundry serves residents. Utilities are landlord-paid, with five electric meters and five gas meters on-site. The existing parking configuration presents a viable ADU development opportunity, subject to applicable zoning approvals. The property is zoned LARD1.5 and sits on a lot of 0.1452 acres. The building has a property size of 3288 square feet.
Key Highlights
- 8‑unit multifamily property (4 one‑bedroom/1‑bath and 4 studio units) in Venice, California
- Renovated units with contemporary cabinetry, modern appliances, and updated finishes
- Exterior features include private patios on 2 one‑bedroom units, balconies on 2 studio units, and exposed wood beams with soaring open ceilings in 2 top‑floor one‑bedrooms
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property in coveted Venice, California.
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: 8‑unit multifamily property (4 one‑bedroom/1‑bath and 4 studio units) in Venice, California; Renovated units with contemporary cabinetry, modern appliances, and updated finishes; Exterior features include private patios on 2 one‑bedroom units, balconies on 2 studio units, and exposed wood beams with soaring open ceilings in 2 top‑floor one‑bedrooms
