2403 Louella Avenue Venice, CA $ 2,695,000
2403 Louella Avenue
$ 2,695,000
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2403 Louella Avenue

Venice, CA, 90291
$ 2,695,000
Baths1.0 Sq 2,947

Monthly Estimate*

$ 16,594

Listed by RE/MAX MASTERS REALTY
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Studio

Multi-Family Home for sale in Venice, CA

for $2,695,000 with 1 full bath. This 2,947 square foot home was built in 1950 on a lot size of 0.1345.

This property is located along Venice Blvd and features 5 units including a large 2 bedroom/1 bath owners unit with private patio. All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc. Several units include patio's or balconies. Added value with below market rents make this investment very attractive. Increase revenue by leasing out the garage spaces and increasing the rents. Also, there is an on-site laundry room for tenants to use. This property has an ideal location in the heart of Silicon Beach’s “Tech Hub” with close proximity to major employers (Snap Inc., Google, System1, Headspace, and more. Less than a mile away from the famous Venice Beach & Boardwalk and in close proximity to other well-known surrounding amenities and locations, including Muscle Beach, Venice Skatepark, Venice Canals Historic District, Abbot Kinney Boulevard, and Santa Monica Pier. The submarket median home values are expected to increase by approximately 12% in the next 5 years. Adjacent to Culver City, Marina Del Rey, and Santa Monica. Easy access to public transportation and near the 10 and 405 Freeways. This property is only 7 miles away from Los Angeles Airport (LAX) and 2.5 miles away from Santa Monica Airport. In addition, the subject property is 4.5 miles away from West Los Angeles College (WLAC) and 8 miles away from UCLA.

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Multi-Family Active

Price

$ 2,695,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1345

Year Built

1950

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

CV25215931

Days on Market

134

Features
General
Sewer Public Sewer Sewer Tap Paid
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition Flat Tar/Gravel
Appliances Free-Standing Range Freezer Gas Cooktop Disposal Gas Range Refrigerator Water Heater
Zoning LAR4
HOA Fee 0
Garage Spaces 4
Architectural Style Traditional
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Concrete Stucco
Year Built 1950
Electric Standard
Tenant Pays Electricity Gas
View Neighborhood
Stories Count 1
Levels One Two
Property Subtype Mixed Use
Gross Income 146400
Community Features Curbs Gutter(s) Sidewalks
Accessibility See Remarks
County Los Angeles
Net Operating Income 89446
Operating Expense 52562
Insurance Expense 2800
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 2500
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Located on the corner of Venice Blvd & Louella Ave.
City Venice
Entry Location 1
Senior Community Y/N false
Number Of Units Total 5
MLS Area C11 - Venice
Lot Size Units Square Feet
Lot Size Square Feet 5858
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional Contract 1031 Exchange Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 2000
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 1500
Water Sewer Expense 4000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 6
Total Actual Rent 12200
Property Sub Type Additional Mixed Use
Taxes 31000
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Interior
Interior Amenities Ceiling Fan(s) Recessed Lighting
Flooring Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Window Features Blinds Screens
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Gas Dryer Hookup Laundry Room See Remarks
Entry Level 1
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Exterior
Fencing Excellent Condition Privacy Stucco Wall Wood Wrought Iron
Parking Features Assigned Asphalt Concrete Covered Driveway Level Door-Single Garage Garage Faces Rear On Street
Lot Features Back Yard Corner Lot Drip Irrigation/Bubblers Front Yard Lawn Near Public Transit Rectangular Lot Street Level Walkstreet
Water Source Public
Total Parking 4
Lot Size Area 5858
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 2947
Lot Size Acres 0.1345
Road Surface Type Alley Paved Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type City Street
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* Excluded Features
List By
Re/Max Masters Realty

Broker

jericeide@gmail.com

Email

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$16,594
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Monthly Principal & Interest
$16,594
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,695,000 Listed Price

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2403 Louella Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $2,695,000 with 2,947 sqft and a lot size of 0.1345. 2403 Louella Avenue is a studio with 1.0 baths and was built in 1950. The property's zip code is 90291 which is in Venice, CA