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Open House Times
- Tue. Jun. 02 at 12:00pm to 2:00pm
About the Listing CLW-X77543 - CLW-C129912,CLW-X62446
Located in one of Venice's most sought-after pockets, 815-817 Broadway presents a rare opportunity to own a thoughtfully updated, income-producing triplex with strong in-place returns and meaningful long-term upside. All three units have been tastefully updated and are filled with natural light, creating warm, inviting living spaces tenants truly enjoy. Each residence features in-unit laundry, its own separate water meter, and a layout that offers a level of privacy rarely found in multi-unit properties. The like-new front residence lives much like a single-family home, complete with its own privatized yard, ideal for those who value space, separation, and indoor-outdoor living. The two rear units are uniquely positioned with no shared common wall, enhancing both quiet and livability, and both feature A/C for added comfort. One of the rear units is now vacant, presenting an ideal opportunity for an owner-user to move into a private, quiet residence while benefiting from strong rental income from the remaining units. Previously generating $12,100 per month in rental income when fully occupied, the property offers compelling cash flow with additional upside ahead. The property also benefits from a valuable RSO exemption, allowing for greater flexibility and operational efficiency over time. Further enhancing the opportunity is the potential to convert approximately 500 square feet of storage into a studio ADU, with projected rents of approximately $2,000-$3,000 per month, offering a meaningful path to increased income and overall value. Rounding out the offering is a rare Venice amenity: seven garage parking spaces, providing added tenant appeal and potential for additional revenue. With strong existing income, vacancy upside, thoughtful updates, exceptional privacy, and future development potential, 815-817 Broadway stands out as a compelling investment in one of Venice's most dynamic neighborhoods. Whether you're looking to invest, live in one unit while generating income, or position yourself for long-term growth, this is a property that meets you where you are and grows with you over time.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Multi-Family
MLS ®
26828637
Year Built
1926
Total Square Footage
3,556
Lot/Acreage
0.13
County
Los Angeles
Area
C11 - Venice
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances: Dishwasher, Refrigerator, Dryer, Washer
- Air Cond:
- Heating: Combination
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 7 car
- Parking Spaces: 7
- Lot Dimensions: 40x115
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4239014029
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
817 Broadway St Venice, CA 90291
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