240 Hampton Drive
Venice, CA, 90291 $ 2,350,000
Baths1.0 Sq 3,374 Monthly Estimate*
$ 14,838
Studio for $2,350,000 with 1 full bath. This 3,374 square foot home was built in 1953 on a lot size of 0.1474.
Located in the heart of Venice Beach, just moments from the beach, Venice Boardwalk, Main Street, and Rose Avenue, 240 Hampton Drive presents a rare multi-family opportunity on an oversized 6,422-square-foot lot. The property features 4 residential units within the main structure, along with a detached garage flex space (not a legal unit) with a bathroom and air conditioning. The main building comprises 2 two-bedroom units and 2 one-bedroom units, each offering air conditioning, individual laundry, generous storage, and bright, light-filled interiors. One of the two-bedroom units, currently serving as the owner’s unit, can be delivered vacant at close, creating an ideal opportunity for an investor or end-user looking to live on-site while benefiting from additional rental income. The detached garage flex space has been loosely converted into an office/lounge space and can also be delivered vacant at close. Ideally positioned just a few short blocks from the beach, the property offers convenient access to some of Venice’s most iconic destinations, including Gold’s Gym, Abbot Kinney, Rose Avenue, and the neighborhood’s shops and restaurants. With its prime location, versatile unit mix, and oversized lot, 240 Hampton Drive offers a compelling opportunity in one of Los Angeles’ most sought-after coastal communities. * RENT ROLL: Unit 1 (2BD): $3,500/mo | Unit 2 (2BD): $3,500 - $4,000/mo projected rent — owner’s unit, can be delivered vacant at close | Unit 3 (1BD): $3,000/mo | Unit 4 (1BD): $2,700/mo | Garage Flex Space: Can be delivered vacant at close. Several of the rents are estimated to be under market. This is a legal Fourplex and should qualify for owner-occupied financing given 4 units and 1 of the units can be delivered vacant. .
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FeaturesGeneralSewer Public Sewer
Cooling Central Air Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1953
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 152400
Community Features Sidewalks
County Los Angeles
Net Operating Income 106680
Operating Expense 45720
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions 3 Blocks to the beach
City Venice
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 4
MLS Area C11 - Venice
Lot Size Units Square Feet
Lot Size Square Feet 6422
Number of Units Leased 3
Listing Terms Conventional
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 35
Property Sub Type Additional Quadruplex
Cap Rate 4.54
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InteriorTotal Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Laundry Features Laundry Closet
Entry Level 1
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ExteriorParking Features Driveway
Lot Features Front Yard
Water Source Public
Total Parking 10
Lot Size Area 6422
Number of Buildings 2
Building Area Total 3374
Lot Size Acres 0.1474
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList Bylauren@laurenforbes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,838
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Venice, CA
Average List Price $2,926,686
Percent of Sale Price 25%
About Venice, CA 29,124 Population
-6% Since 2002
$ 89,009 Median Income
41.51 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $2,350,000 | | Listed Price |