1366 Riviera ave, Venice, CA 90291
Active
$2,045,000
13%
5 Units
5 Beds
5 Baths
3,217 Area(sq.ft.)
Lot: 2,848 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,950 | $ 2,950 | $ 2,950 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,156 | $ 2,156 | $ 2,950 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,325 | $ 2,325 | $ 3,300 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,966 | $ 1,966 | $ 2,950 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,898 | $ 1,898 | $ 2,950 |
| 5 | 5 | 5 | $ 11,296 | $ 11,296 | $ 15,100 |
| MLS #: | 25520881 |
| Days On Market: | 228 |
| Listing Date: | April 22, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 636 |
| Price per unit: | $ 409,000 |
| Year Built: | 1908 |
Property Details
Charming 5-Unit Victorian Gem in the Heart of Venice Beach! Welcome to the epitome of Venice charm - a beautifully maintained 5-unit Victorian-style compound, just one block from iconic Abbot Kinney Blvd and a short stroll to the beach, canals, and all the best of Westside living. Originally built in 1908, the front building features (4) classic 1 bed / 1 bath units, each brimming with character and original architectural details. Tucked behind, the fully renovated 1920s back house offers an additional 1 bed / 1 bath residence perfectly blending vintage soul with modern comfort. With a total of 3,217 sqft on a 2,848 sqft lot, this property is an ideal opportunity for both investors and owner-users. One unit is currently vacant making it move-in ready without the hassle of navigating tenant relocations and on-site laundry is conveniently located for all tenants use. Enjoy a lush, shared courtyard nestled between the buildings - a dreamy outdoor space perfect for lazy afternoons under the tree, reading, relaxing, or grilling with friends after a day in the surf. Located steps from Venice's top dining spots like Felix, Gjelina, Scopa, and Great White, and just around the corner from Erewhon, the Venice Farmer's Market, and the vibrant "First Fridays" on Abbot Kinney - this is beach city living at its finest. With the sand less just a few blocks away, you'll feel the ocean breeze as soon as you step outside. A rare find that captures the true spirit of Venice this property won't last.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 135,550 |
| Total Annual Expense: | $ 44,688 |
| Net Operating Income: | $ 90,862 |
| Gross Annual Income: | $ 135,550 |
| Cap Rate: | 3.87% |
| Gross Rent Multiplier: | 17.29 |
Structure
| Type of Units: | Occupied |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | On street |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Washer, Refrigerator, Range/Oven |
| Heating: | Wall |
| Kitchen Features: | Remodeled |
| Laundry: | Outside, Laundry Area |
Exterior
| Pool: | No |
| Spa: | No |
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