935 Venezia Ave, Venice, CA 90291
935 Venezia Ave, Venice, CA 90291
935 Venezia Ave, Venice, CA 90291
935 Venezia Ave, Venice, CA 90291
935 Venezia Ave, Venice, CA 90291
935 Venezia Ave, Venice, CA 90291
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Derek Reilly

Derek Reilly

+1(310) 902-2909
$ 2,995,000
Est. payment | /mo

6 Beds

6 Baths

2,992 SqFt

Save
$ 2,995,000
Est. payment | /mo
Save

6 Beds

6 Baths

2,992 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,992 sqft

Price per Sqft $1,001

MLS Listing ID 26835373

Style Spanish

Bedrooms 6

Year Built 1924

Lot Size 4,798 Sqft

Acres 0.1101

Property Sub-Type Multi-Family

Property Description

Positioned in one of Venice's most coveted pockets just steps from the iconic Walk Streets, the vibrant boutiques of Abbot Kinney, and the ocean, this unique four-unit compound presents an exceptional value opportunity west of Lincoln. Tucked behind mature, lush landscaping on one of Venice's best streets, the property features almost 3,000 sqft of charming living spaces, complemented by a communal laundry facility and a 1-car garage. Delivered completely vacant, this compound serves as a turnkey canvas ready to be optimized to its full short-term rental potential. The spacious 1,500 sqft original Spanish-style front home features two bedrooms and three bathrooms, anchored in the rear by a completely detached 735 sqft upstairs apartment containing two bedrooms and one bathroom. The remaining footprint is composed of 200 sqft ground-floor converted garage studio, alongside a separate 160 sqft bohemian tiki hut. Detailed financial track record and platform performance statements are available to qualified buyers upon request. Verified operational financials showcase the property's massive short-term revenue engine, showing an annualized gross run-rate between $310,000 to $860,000 in recent years, with a historical performance ceiling that peaked at $1,135,000 in a single operating year. The compound offers a versatile investment strategy: it functions as a rock-solid, passive investment with an as-is traditional long-term leasing Cap Rate starting at 4.80%, while simultaneously offering a battle-tested short-term platform history that has delivered up to an exceptional 26.40% Cap Rate at peak historical capacity. For an owner-user, the compound functions as an incredible mortgage offset while occupying the detached main front property. This is an elite coastal real estate play built for the short-term market, where multi-unit flexibility meets a battle-tested revenue engine.

Location

State CA

County Los Angeles

Area Venice

Zoning LAR2

Rooms

Other Rooms Other

Dining Room 0

Kitchen Skylight(s), Quartz Counters, Remodeled

Interior

Heating Central, Other

Cooling Ceiling Fan, Central, Wall Unit(s), Air Conditioning, Other

Equipment Dishwasher, Ceiling Fan, Refrigerator, Range/Oven

Laundry Other, Laundry Area

Exterior

Parking Features Converted Garage, Garage - 1 Car, On street

Garage Spaces 1.0

Building

Story 2

Architectural Style Spanish

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

Nearby Locations

Derek Reilly

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 902-2909

derek@westsidederek.com

4215 Highland Ave, Manhattan Beach, California 90266, USA

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935 Venezia Ave