tomo logo

$2,850,000

Beds
4
sq ft
1,968

31 S Venice Blvd, Venice, CA 90291

31 S Venice Blvd

Venice, CA 90291

  • 159 days on market
    • Price drop $100,000↓
This triplex, with a rich history as an investment property, presents an incredible opportunity for real estate buyers and investors. Two of the three units will be delivered VACANT! Situated just steps away from the breathtaking shoreline, this vintage gem offers unrivaled views of the Pacific Ocean and Venice Beach from its impressive roof deck. One of the standout features of this lot is its highly valuable LAR3 zoning and three separate addresses (31, 33, & 33.5 ), opening up a world of possibilities for potential buyers. Whether you envision developing luxurious condos, utilizing it as an owner/user property, or simply maintaining it as an income-producing investment, the choice is yours. Its well-designed layout consists of two charming 1BR/1BA units, both located on the ground floor, and a spacious 2BR/2BA unit with exclusive access to the 360-degree view roof deck (refer to floor plan pics for a closer look at the layouts of all three units). All residents can enjoy the shared open-air patio located behind the building. Each unit also comes with a dedicated one-car garage, and the three-bay garage conveniently opens to the alley behind the building, ensuring easy access and parking. The property boasts several noteworthy amenities, including stainless-steel appliances, newer water heaters, a shared laundry room, and secure code key gates. You'll also appreciate the proximity to the area's finest attractions, including world-class shopping and renowned restaurants along the iconic Abbot Kinney Boulevard. Immerse yourself in the vibrant Venice Beach community and embrace the California dream life.

Details

Property type

Est. home value

$1,970,758

Lot size

2,641 sq ft

Price per sq ft

$1,449

Year built

1938

HOA

No

Price History

03/12/2024
CLAW

CLAW #24350423

Price change
$2,850,000
-3.39%
01/23/2024
CLAW

CLAW #24350423

Listed
$2,950,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Premier America Cu

Loan start date

April 2023

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

6.32%

Loan type

Credit Line (Revolving), 20 year

Seller

Jacques Habra and Angela Habra

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 10:50 AM

Listing updated: 06/25/2024 at 7:03 PM

Listed by: Richard Schulman, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #24350423

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