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$2,995,000
6 Beds ⋅ 6 Baths ⋅ 26835373 MLS ⋅ Active Status
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.

935 Venezia Avenue, Venice
$2,995,000
6 Beds ⋅ 6 Baths ⋅ 26832713 MLS ⋅ Active Status
Experience the ultimate Venice lifestyle in this secluded coastal sanctuary, a rare find that offers the privacy of a single family estate with the versatility of a high-density compound. Tucked behind mature and lush landscaping, the entry offers a quiet moment of transition from the vibrant energy of the neighborhood to a peaceful architectural retreat. The primary Spanish style residence serves as the heart of the home, an original jewel retaining the authentic architectural details and romantic charm that define coastal living. The grounds unfold to reveal four distinct structures anchored by the 2 bed, 3 bath front home and a private detached 2 bed upstairs unit, complemented by versatile secondary spaces and creative studios. For the investor minded owner, the robust income history provides a complete mortgage offset, transforming the primary residence into a self-sustaining asset, with a proven $30k monthly income. Delivered vacant, this is a rare opportunity to own a soulful piece of the Venice landscape on a highly sought after street. Located in one of the area's most coveted pockets, this home is just steps from the iconic Venice Walk Streets, the boutiques of Abbot Kinney, and the ocean. It is a timeless Spanish treasure that perfectly captures the spirit of the community in a market where character defines true value.

935 Venezia Avenue, Venice

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.