2403 Louella Avenue, Venice, California 90291, Venice, 90291 - 0 bed, 0 bath
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Venice, California 90291
This Renovated Multi-Unit Asset is a High-Potential Investment Opportunity listed at $2,695,000, representing a stable acquisition at its $2,695,000 Fair Market Value. Boasting a Condition Rating of 2, all five units feature stainless steel appliances, vinyl flooring, and private patios, minimizing immediate capital expenditure. Situated in the Silicon Beach Tech Hub near Google and Snap Inc., the property offers significant revenue upside through below-market rents and unbundled garage leasing. This coastal asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand submarket.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations across all units, featuring modern vinyl flooring, new stainless steel appliances, updated shaker-style cabinetry, and new fixtures. All interior components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Situated in the heart of Silicon Beach near major employers like Google and Snap Inc., ensuring a consistent pool of high-quality professional tenants.
All five units have been updated with modern finishes, including stainless steel appliances, dual-pane windows, and vinyl flooring, minimizing immediate capital expenditure.
The property features below-market rents and unbundled garage spaces, providing a clear opportunity to increase Net Operating Income through lease optimization.
Built in 1950, the property may have aging core systems (plumbing/electrical) that require attention despite the recent cosmetic and interior upgrades.
The property's position along Venice Blvd, a major thoroughfare, may result in higher ambient noise levels which could impact tenant retention.
With current rents below market levels, the initial capitalization rate may be lower than average until the 'added value' rent increases are fully realized.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1950 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Nov 1, 2025
$2,695,000
$2,795,000
-4% Price Drop
Initial Listing
Sep 26, 2025
$2,795,000
Initial Listing
Jan 25, 2021
$220,000
Public Record