Est. cap rate

2.9%

Assumed rent, all units

$8,700/mo

Units

2

Price per unit

$900,000

Est. annual NOI

$52,200

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

4

Building size

3,070 sqft

Lot size

3,130 sqft

Year built

1955

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

Ocean,Neighborhood

Status

Active

Days on market

44

MLS #

245271083

About this property

Rare opportunity to secure a property in one of Venice’s most desirable and tightly held coastal locations. Ideally positioned on N Venice Boulevard, this property places you moments from Venice Beach, Abbot Kinney Boulevard, Marina del Rey, acclaimed dining, boutique shopping, entertainment, and the best of the Westside. The location offers outstanding access to Santa Monica, Culver City, Playa Vista, Silicon Beach, LAX, and major transportation routes, making it highly attractive to investors, owner-users, and long-term holders alike. Venice continues to command strong interest because of its unmatched combination of coastal lifestyle, walkability, creative energy, employment access, and limited inventory. Properties in this area are difficult to replace, and this address offers the kind of location that can support long-term value, strong tenant or buyer appeal, and multiple potential ownership strategies. Whether held as a long-term investment, repositioned, improved, or evaluated for future possibilities, the property presents a compelling chance to acquire a foothold in one of Southern California’s most iconic and consistently sought-after communities. Opportunities of this caliber in Venice are increasingly rare. Seller and agents make no representations regarding the legality, habitability, permit status, square footage, or future use of the bonus space. Buyer to independently verify all property information, square footage, lot size, zoning, permitted uses, development potential, parking, income, expenses, and any applicable city, zoning, building, or coastal requirements. In addition to the primary residence, the property includes approximately 1,500 square feet of bonus space offering flexibility for storage, recreation, a home office, creative workspace, or other potential uses, subject to applicable laws and governmental approvals. This additional area is not included in the permitted bedroom, bathroom, or living-area count, and its permit status, configuration, square footage, and allowable use have not been independently verified.

Location

305 N Venice

Venice, Los Angeles, CA, 90291