2403 Louella Avenue, Venice, California 90291, Venice, 90291 - bed, bath

2403 Louella Avenue, Venice, California 90291 home-pic-0

2403 Louella Avenue

Venice, California 90291

ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,947Sq Ft
5,858Lot Size

Property Price

LIST PRICE$2,695,000

SUMMARY

Analysis of 2403 Louella Avenue, Venice, California 90291 is currently available with a list price of $2,695,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Strategic Tech Hub Location

    Situated in the heart of Silicon Beach near major employers like Google and Snap Inc., ensuring a consistent pool of high-quality professional tenants.

  • Comprehensive Recent Renovations

    All five units have been updated with modern finishes, including stainless steel appliances, dual-pane windows, and vinyl flooring, minimizing immediate capital expenditure.

  • Significant Revenue Upside

    The property features below-market rents and unbundled garage spaces, providing a clear opportunity to increase Net Operating Income through lease optimization.

CONSRISKS & DEFICIENCIES

  • Vintage Infrastructure

    Built in 1950, the property may have aging core systems (plumbing/electrical) that require attention despite the recent cosmetic and interior upgrades.

  • Traffic and Noise Exposure

    The property's position along Venice Blvd, a major thoroughfare, may result in higher ambient noise levels which could impact tenant retention.

  • Initial Yield Compression

    With current rents below market levels, the initial capitalization rate may be lower than average until the 'added value' rent increases are fully realized.

About 2403 Louella Avenue

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.

Property Details

Public Facts

Property Type
Mixed Use
Year Built
1950
Lot Size
5,858 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

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Pricing History

Listed for Sale

Nov 1, 2025

$2,695,000

$2,795,000

-4% Price Drop

Initial Listing

Price Change

Sep 26, 2025

$2,795,000

Initial Listing

Sold

Jan 25, 2021

$220,000

Public Record

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