Venice (C11) Homes with Triplex Subtype

Welcome to Venice, California – a vibrant coastal community that beautifully blends artistic charm with modern living. Nestled within Los Angeles County, Venice is renowned for its stunning beaches, eclectic boardwalk, and a rich cultural scene that attracts visitors and residents alike. With its unique canals and historic architecture, Venice offers an atmosphere that is both laid-back and lively, making it one of the most desirable places to call home.

In this picturesque locale, you'll find an exciting opportunity in the form of triplex homes. These versatile properties not only provide ample living space but also present a fantastic investment potential. Triplexes in Venice cater to a variety of lifestyles, whether you're looking to live in one unit and rent out the others or seeking a multi-generational living arrangement.

Imagine waking up to the sound of waves and the scent of salt in the air, all while having the flexibility of multiple income streams from your property. The triplex homes in Venice often feature modern amenities, spacious layouts, and outdoor spaces ideal for soaking up the California sun. With the booming rental market in this sought-after area, owning a triplex can be a smart financial move.

Explore the vibrant local scene, from trendy cafes and art galleries to the iconic Venice Beach. With its unique blend of culture, community, and coastal beauty, Venice is not just a place to live; it’s a lifestyle. Discover your dream triplex in this charming neighborhood and experience the best of Southern California living!

Newest Venice (C11) Homes with Triplex Subtype

$1,900,000

9 Beds ⋅ 6 Baths ⋅ SB26159060 MLS ⋅ Active Status

Situated in the heart of Venice, 1034 Pleasantview Ave presents the opportunity to acquire a well-maintained three-unit multifamily property in one of Los Angeles' most desirable coastal neighborhoods. Built in 1987, the property consists of three spacious 3-bedroom, 2-bathroom units totaling 3,720 square feet on a 4,634 square foot lot. The property's larger floor plans and newer construction provide a highly desirable housing option in a market where demand for quality rental housing remains strong. Offered at a 4.76% Current CAP Rate and 14.59 Current GRM, the property presents investors with the opportunity to acquire a well-located 1980s-constructed asset that is not subject to Los Angeles City Rent Control (only AB 1482 Statewide Rent Control). The property offers strong long-term income growth potential, achieving a projected 8.22% Pro Forma CAP Rate and 9.60 Pro Forma GRM. Recent capital improvements further enhance the property's appeal, including Hardie Board exterior siding, dual-pane windows, and a new roof installed in 2022. Additional amenities include in-unit laundry in all three units and gated carport parking with six total parking spaces. Built in 1987, the property offers a newer construction profile than much of the surrounding multifamily inventory, contributing to its long-term appeal and operational efficiency. Conveniently located just moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and major Westside employment centers, this offering presents an attractive opportunity to acquire a well-positioned multifamily investment in one of Southern California's most sought-after rental markets.

1034 Pleasantview, Venice

$1,900,000

SB26159033 MLS ⋅ Active Status

1034 Pleasantview, Venice

$2,695,000

PV26002913 MLS ⋅ Active Status

Don’t miss this exceptional multifamily opportunity in an A+ Venice Beach location. Just blocks from the sand and Abbot Kinney, 241 Horizon Ave is ideally positioned near some of Los Angeles’ best dining, shopping, and entertainment. Built in 1987, the property is permitted as a 2-unit building and features two spacious 3-bedroom, 2-bath units, plus an additional 1-bedroom, 1-bath space (unpermitted) currently used by a tenant as an office. Buyers are advised to conduct their own due diligence and consult with the appropriate authorities regarding the legal use of this third unit. The top-floor residence boasts soaring vaulted ceilings, a fireplace, and a generous rooftop deck with neighborhood views. The middle unit also features a fireplace and decks on both ends, offering excellent indoor-outdoor flow. The ground-level 1-bedroom opens through French doors to a large, private outdoor patio. The building has been well maintained and currently generates $10,950 per month in rental income. It offers garage parking, driveway parking as well as street parking. Properties like this rarely come to market in Venice—an outstanding opportunity in a premier coastal neighborhood.

241 Horizon Avenue, Venice

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.