Active

935 Venezia Avenue

Venice, CA 90291

$2,995,000 $12,627/Mo

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Overview

Bed

Bath

2,992

Sqft

4,798

Sqft(Lot)

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 remaini ng 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.

Property Details

Property Type : Residential Income

Price : $2,995,000

AD Id : 79840951

MLS Id : 26835373

Beds : 6

Lot Size : 4,798 Sqft

Living Area Size : 2,992

Year Built : 1924

Garage : 1

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 6

Bathroom Information

Total Baths: 6 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s),Loft Property Appliances: Dishwasher,Refrigerator
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 1924 Building Area Total: 2,992
Laundry Features

See Remarks

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1101 Lot Size Dimensions: 48x100
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 4798

Listing Price Information

Original List Price: 2,995,000 Listing Contract Date: 2026-05-18
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4241030006

Garage and Parking

Garage Description: Converted Garage,Door-Single,Garage,On Street

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C11 - Venice Postal Code Plus 4: 3929 Directions: North of Venice Blvd, West of Lincoln Blvd Zoning: LAR2 Source Property Type: Residential Income Area: C11 - Venice
Building and Construction

Property Age: 102 Year Built Source: Vendor Enhanced Total Square Feet Living: 2992 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
2040 Glencoe Avenue, Venice, CA, 90291	$4,748,000	4	4	3,800	3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 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
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
1531 Glencoe Avenue, Venice, CA, 90291	$4,415,000	4	4	3,688	3,688 SqFt

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ByOwner last updated this listing 06/11/2026 @ 05:09

MLS: 26835373 LISTED BY: Mario Aceves, The Agency 424-835-7230 SOURCE: CRMLS