Venice Homes with Triplex Subtype

Welcome to Venice, California – a vibrant coastal gem nestled in Los Angeles County that perfectly blends the laid-back beach lifestyle with an artistic flair. Renowned for its bohemian spirit, Venice boasts stunning ocean views, picturesque canals, and a lively boardwalk lined with eclectic shops, street performers, and mouth-watering eateries. This unique neighborhood is not just a destination; it’s a lifestyle, offering an array of outdoor activities, from surfing the waves to enjoying a sunset stroll along the beach.

For those looking to invest in property, Venice presents an exciting opportunity with its charming triplex homes. These multi-family residences not only provide a versatile living arrangement but also a chance for potential rental income in one of the most sought-after neighborhoods in Southern California. Imagine living in one unit while renting out the others, or perhaps creating a family compound where everyone can enjoy their own space.

Venice’s triplex homes often feature distinctive architecture, showcasing the area’s rich history and character. Many properties come equipped with modern amenities, spacious layouts, and outdoor spaces perfect for soaking up the California sun. With the beach just a stone's throw away and a vibrant community that thrives on creativity and innovation, investing in a triplex in Venice is more than just a real estate decision; it’s an invitation to embrace a lifestyle filled with adventure and inspiration.

Whether you’re looking to make Venice your home or seeking a lucrative investment opportunity, the charm of triplex living in this coastal paradise is simply irresistible. Come explore your options and discover the magic of Venice today!

Newest Venice Homes with Triplex Subtype

$1,900,000

9 Beds ⋅ 6 Baths ⋅ SB26159060 MLS ⋅ Active Status

Situated in the heart of Venice, 1034 Pleasantview Ave presents the opportunity to acquire a well-maintained three-unit multifamily property in one of Los Angeles' most desirable coastal neighborhoods. Built in 1987, the property consists of three spacious 3-bedroom, 2-bathroom units totaling 3,720 square feet on a 4,634 square foot lot. The property's larger floor plans and newer construction provide a highly desirable housing option in a market where demand for quality rental housing remains strong. Offered at a 4.76% Current CAP Rate and 14.59 Current GRM, the property presents investors with the opportunity to acquire a well-located 1980s-constructed asset that is not subject to Los Angeles City Rent Control (only AB 1482 Statewide Rent Control). The property offers strong long-term income growth potential, achieving a projected 8.22% Pro Forma CAP Rate and 9.60 Pro Forma GRM. Recent capital improvements further enhance the property's appeal, including Hardie Board exterior siding, dual-pane windows, and a new roof installed in 2022. Additional amenities include in-unit laundry in all three units and gated carport parking with six total parking spaces. Built in 1987, the property offers a newer construction profile than much of the surrounding multifamily inventory, contributing to its long-term appeal and operational efficiency. Conveniently located just moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and major Westside employment centers, this offering presents an attractive opportunity to acquire a well-positioned multifamily investment in one of Southern California's most sought-after rental markets.

1034 Pleasantview, Venice

$1,900,000

SB26159033 MLS ⋅ Active Status

1034 Pleasantview, Venice

$2,695,000

PV26002913 MLS ⋅ Active Status

Don’t miss this exceptional multifamily opportunity in an A+ Venice Beach location. Just blocks from the sand and Abbot Kinney, 241 Horizon Ave is ideally positioned near some of Los Angeles’ best dining, shopping, and entertainment. Built in 1987, the property is permitted as a 2-unit building and features two spacious 3-bedroom, 2-bath units, plus an additional 1-bedroom, 1-bath space (unpermitted) currently used by a tenant as an office. Buyers are advised to conduct their own due diligence and consult with the appropriate authorities regarding the legal use of this third unit. The top-floor residence boasts soaring vaulted ceilings, a fireplace, and a generous rooftop deck with neighborhood views. The middle unit also features a fireplace and decks on both ends, offering excellent indoor-outdoor flow. The ground-level 1-bedroom opens through French doors to a large, private outdoor patio. The building has been well maintained and currently generates $10,950 per month in rental income. It offers garage parking, driveway parking as well as street parking. Properties like this rarely come to market in Venice—an outstanding opportunity in a premier coastal neighborhood.

241 Horizon Avenue, Venice

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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.