Active

250 3rd Avenue

Venice, CA 90291

$3,888,000 $16,391/Mo

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Overview

Bed

Bath

3,288

Sqft

6,324

Sqft(Lot)

Description

250 3rd Avenue, an eight-unit multifamily property situated in the heart of Venice, California one of the most coveted and supply-constrained coastal submarkets in Los Angeles. Thoughtfully redesigned by the acclaimed Teague Designs, the building embodies the refined, architecturally intentional aesthetic that defines modern Venice living, offering a rare convergence of design quality, location, and investment merit.The property offers four one-bedroom / one-bathroom units and four studio units, each substantially upgraded with contemporary cabinetry, modern appliances, and finishes that reflect current market expectations. The unit mix is distinguished by a series of premium features seldom found in comparable product: two of the one-bedroom units boast very large private patios, two top -floor one-bedroom units showcase soaring open ceilings with exposed wood beams, and two studio units offer private balconies all of which extend the indoor-outdoor flow that Venice renters prize. A landscaped communal garden courtyard at the building's entrance provides a welcoming shared outdoor space, and six on-site parking spaces offer a meaningful advantage in a neighborhood where parking is consistently at a premium.Recent capital improvements reflect a comprehensive approach to asset stewardship, including replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building's balconies with new handrails approximately six years ago. On-site laundry serves residents; utilities are landlord-paid, with five electric meters and five gas meters on-site. The existing parking configuration additionally presents a viable ADU development opportunity, subject to applicable zoning approvals, offering a future owner a clear path to added income and asset densification. With its distinguished architectural character, premium unit features, and address within one of the Westside's most desirable lifestyle corridors, 250 3rd Avenue represents a compelling opportunity to acquire a differentiated, income-producing coastal asset with meaningful long-term upside. Please contact listing agents for a copy of the Offering Memorandum.

Property Details

Property Type : Residential Income

Price : $3,888,000

AD Id : 77665177

MLS Id : 26771865

Beds : 4

Lot Size : 6,324 Sqft

Living Area Size : 3,288

Year Built : 1956

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 8 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher,Refrigerator
Heating Source

Wall Furnace Has Heating

Building Information

Year Built: 1956 Building Area Total: 3,288

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1452 Lot Size Dimensions: 43x145
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6324

Listing Price Information

Original List Price: 3,888,000 Listing Contract Date: 2026-04-22
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4286001012

Garage and Parking

Garage Description: Uncovered

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C11 - Venice Directions: Located on 3rd Ave between Rose Ave and Marine St. Zoning: LARD1.5 Source Property Type: Residential Income Area: C11 - Venice
Building and Construction

Property Age: 70 Year Built Source: Vendor Enhanced Total Square Feet Living: 3288 Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3932 Glencoe Avenue, Venice, CA, 90291	$4,299,000	4	6	4,325	4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291	$2,495,000	--	--	2,947	2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291	$1,850,000	4	2	2,807	2,807 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 SqFt
2026 Louella Avenue, Venice, CA, 90291	$4,095,000	4	4	3,400	3,400 SqFt
2477 Walnut Avenue, Venice, CA, 90291	$1,885,000	4	2	1,398	1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291	$9,600,000	4	4	3,872	3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291	$3,648,000	4	4	3,175	3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291	$4,995,000	5	5	4,275	4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291	$4,950,000	9	--	5,486	5,486 SqFt

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ByOwner last updated this listing 06/05/2026 @ 03:33

MLS: 26771865 LISTED BY: John Swartz, Compass 310-230-5478 SOURCE: CRMLS