521 Venice Way, Venice, CA 90291 | For Sale

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For Sale $2,695,000 ($1,008.23 per Sq Ft)

$2,695,000 ($1,008.23 per Sq Ft)
  • (0)
  • 4 Bedrooms
  • 5.00 Bathrooms
  • 2,673 Sq Ft
  • 4,493 Sq Ft

Description

Welcome to The Bungalow Triplex, a rare Venice offering that perfectly blends charm, lifestyle, and income potential. Whether you're an owner-user seeking supplemental rental income, an investor looking to maximize returns, or exploring short-term rental opportunities, this unique property presents exceptional versatility in one of Los Angeles' most coveted coastal neighborhoods. Ideally located just moments from the Venice Canals, Venice Beach, and the renowned shops, restaurants, and boutiques of Abbot Kinney Boulevard, this is quintessential Venice living at its finest. The spacious rear residence is a 2-bedroom, 2.5-bath townhome-style unit spanning approximately 1,200 square feet. Designed to live like a single-family home, it features dual en-suite bedrooms, vaulted ceilings, a private balcony, and an open, airy floor plan that offers both comfort and privacy. At the front of the property are two charming 1-bedroom, 1-bath detached bungalows, each filled with natural light and character. The true appeal of this property is that every residence lives as its own private bungalow, a highly desirable feature that consistently attracts quality tenants in the Venice market. All three units have been thoughtfully updated with upgraded appliances, private in-unit washers and dryers, and benefit from recently replaced gas lines and a newer roof. The property also offers five parking spaces, beautifully landscaped communal outdoor areas, and an outdoor shower perfect for rinsing off after a day at the beach. With strong rental appeal, exceptional flexibility, and an unbeatable Venice location, The Bungalow Triplex presents a rare opportunity for both investors and owner-users to enjoy the best of coastal California living while generating meaningful income.

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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

Income

Rental Units


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Expenses

Property Details

List Price $2,695,000
Property Type Triplex (3-units)
Usable Sqft 2,673
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1947
Last Sold Unknown
Sold Price Unknown
APN # 4238019020
MLS # 26841919
Property ID 322960705
Lot Sqft 4,493
Zoning LARD1.5
Total Units 3
Days on Market 15
Original List Price $2,695,000
Date Updated July 03, 2026
Date Created June 25, 2026
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 2 3.00 $0 $7,500
Unit #2 1 1.00 $0 $4,000
Unit #3 1 1.00 $0 $4,000
Gross Income (Yr) $ 168,000
Operating Expenses $ 12,000
Net Income (Yr) $ 150,000
Cap Rate 6.20%
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Listing Provided By

Simon Mashian an agent of . Lic #01776131


© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of July 03, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



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