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12 E 27th Ave
For Sale $2,950,000 ($1,017.24 per Sq Ft)
$2,950,000 ($1,017.24 per Sq Ft)
- 7 Bedrooms
- 4.00 Bathrooms
- 2,900 Sq Ft
- 2,800 Sq Ft
Description
Rare Venice Beach 4-unit property with direct beach access and strong rental history. Each unit features 1-bedroom layouts, modern finishes, and separate meters, providing flexibility for future condo conversion or expansion. Exceptional upside potential with space to add up to 2 ADUs while keeping existing parking, or up to 4 ADUs utilizing more of the parking lot an extremely rare opportunity in Venice. Units are investor-ready but also perfect for an owner-user seeking extra income, with the ability to manage rentals directly. High-demand location, steps from the sand, shopping, dining, and transit, with parking options that are almost impossible to find in this area. Short-term rental potential for up to two units adds additional flexibility. Prime location!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,950,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,900 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1952 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4226020025 |
| MLS # | 25627765 |
| Property ID | 322534673 |
| Lot Sqft | 2,800 |
| Zoning | LARD1.5 |
| Total Units | 4 |
| Days on Market | 191 |
| Original List Price | $2,950,000 |
| Date Updated | May 09, 2026 |
| Date Created | December 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $4,400 | $5,500 |
| Unit #2 | 1 | 1.00 | $4,700 | $5,000 |
| Unit #3 | 1 | 1.00 | $4,350 | $5,000 |
| Unit #4 | 1 | 1.00 | $4,350 | $5,000 |
| Gross Income (Yr) | $ 227,100 |
| Operating Expenses | $ 41,000 |
| Net Income (Yr) | $ 193,035 |
| Cap Rate | 6.54% |
Listing Provided By
Rebeka Shadpour an agent of . Lic #01744494
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