tomo logo

$2,799,000

Beds
4
sq ft
2,673

521 Venice Way, Venice, CA 90291

521 Venice Way

Venice, CA 90291

  • 65 days on market
Welcome to this FULLY FURNISHED and completely VACANT triplex in the vibrant neighborhood of Venice, California. This property offers the perfect opportunity for an owner/user to generate income or an investor looking to rent all three units. Located in close proximity to the Venice Canals, the beach, and all that Abbot Kinney Blvd has to offer - this is quintessential Venice living! The recently renovated 2 bed, 2.5 bath back unit lives like a single family townhome featuring dual en suites that provide ample space and privacy for residents and guests. With vaulted bedroom ceilings and a private balcony, this 1200 sqft unit has an airy, open atmosphere. The two front units are 1 bed/1 bath bungalows each filled with sunlight and charm. All of the three units have upgraded appliances, their own washer/dryer, and recently replaced gas lines and roof. The property has 5 car parking, and beautifully landscaped shared outdoor space with an outdoor shower. Whether you're an owner/user, or investor, this triplex presents endless opportunities!

Details

Property type

Est. home value

$2,329,760

Property condition

Updated/Remodeled

Lot size

4,493 sq ft

Price per sq ft

$1,048

Year built

1947

HOA

No

Price History

07/16/2024
CLAW

CLAW #24415909

Listed
$2,799,000
-5.12%
05/23/2024
CLAW

CLAW #24376551

Removed
$2,950,000
05/07/2024
CLAW

CLAW #24376551

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

Change Lending Llc

Loan start date

April 2022

Original loan amount

$1,920,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

New Conventional, 30 year

Seller

Ata Rouhi

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: 09/19/2024 at 9:30 AM

Listing updated: 08/13/2024 at 11:55 PM

Listed by: Simon Mashian, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24415909

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