tomo logo

$2,900,000

Beds
4
sq ft
1,968

31 S Venice Blvd, Venice, CA 90291

31 S Venice Blvd

Venice, CA 90291

  • 84 days on market
**Charming Triplex with Unmatched Investment Potential Near Venice Beach** Discover an exceptional investment opportunity with this historic triplex, perfectly positioned steps from the stunning shoreline of Venice Beach. Ideally situated near world-class shopping, iconic Abbot Kinney Boulevard, and top-tier dining, this property places you in the heart of the vibrant Venice Beach community. Whether you envision developing luxury condos, creating your dream owner-occupied residence, or capitalizing on its rental income potential, this triplex invites you to embrace the quintessential California beach lifestyle. Two of the three units will be delivered vacant by February and the other unit is month-to-month, giving you the freedom to customize or maximize rental potential immediately. Highlighting its appeal is the highly coveted LAR3 zoning and three distinct addresses (31, 33, & 33.5), offering unmatched flexibility for future development, owner-occupancy, or maintaining it as a steady income property. The property's layout includes two charming 1-bedroom, 1-bathroom units on the ground floor and a spacious 2-bedroom, 2-bathroom unit on the upper level, which features exclusive access to a breathtaking 360-degree view roof deck perfect for soaking in panoramic views of the Pacific Ocean and Venice Beach. Residents also enjoy a shared open-air patio tucked behind the building, ideal for outdoor relaxation. Convenience meets functionality with three dedicated one-car garages, accessible via an alley behind the property for seamless entry and parking. Additional amenities include: stainless steel appliances, newer water heaters, shared laundry facilities, secure code-key gates. Don't miss your chance to own this one-of-a-kind property and unlock its unlimited potential! (Also listed as separate TIC sales)

Details

Property type

Est. home value

$1,970,758

Lot size

2,641 sq ft

Price per sq ft

$1,474

Year built

1938

HOA

No

Price History

01/07/2025
CLAW

CLAW #25478459

Listed
$2,900,000
+1.75%
03/15/2024
CLAW

CLAW #24349345

Removed
$2,850,000
03/12/2024
CLAW

CLAW #24349345

Price change
$2,850,000
-3.39%

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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: 04/03/2025 at 7:20 PM

Listing updated: 03/07/2025 at 1:40 PM

Listed by: Vanessa Van Overmeer, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #25478459

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