3315 Strongs Drive, Venice, California 90292, Venice, 90292 - 4 bed, 4 bath
ACTIVE$1,950,000
3315 Strongs Drive, Venice, California 90292
4Beds
4Baths
2,192Sqft
2,742Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Premier Coastal Location: Situated in the highly sought-after Venice Beach, just blocks from the sand, adjacent to the iconic Venice Canal, and a short stroll to Abbot Kinney Blvd, offering unparalleled lifestyle and desirability.
Top Cons:
Property Age & Potential for Updates: Built in 1964, the property is over 50 years old, which may necessitate significant capital expenditure for system upgrades, modernization, or deferred maintenance to meet contemporary standards and tenant expectations.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1964 (61 years old).
Condition: The property, built in 1964, shows significant interior cosmetic updates in the kitchen and bathrooms, featuring modern white shaker cabinets, stone countertops, subway tile backsplashes, and stainless steel appliances in the kitchen, and contemporary glass-enclosed showers and vanities in the bathrooms. Hardwood flooring is present in living areas and bedrooms. However, a major drawback is the cooling system, which consists of wall-mounted AC units rather than central air conditioning, indicating an outdated major system. While the renovated areas are in good condition, the overall age of the building and the non-central AC system prevent it from achieving a 'Good' score, as major systems are functional but show signs of being outdated, aligning with the 'Fair' criteria.
Year Built
1964
Close
-
List price
$1.95M
Original List price
$2.19M
Price/Sqft
$890
HOA
-
Days on market
-
Sold On
-
MLS number
SB25095678
Home ConditionFair
Features
Good View:
Deck
Patio
View
About this home
Prime Venice Beach investment property! Welcome to 3315 Strong Dr, a rare and highly desirable two-unit property perfectly situated in the heart of Venice just a couple blocks from the beach and adjacent to the Venice canal. Located within a mile of iconic Abbot Kinney Blvd. Great upside potential with strong rental demand in this high-traffic beach community. A rare find with location, flexibility, and long-term value. Whether you’re envisioning full investment income or living in one unit while renting the other, this location offers unbeatable accessibility to the beach, shops, dining, Abbot Kinney, California charm, and Venice’s vibrant culture. Don’t miss this exceptional opportunity to own a multi-unit gem in one of Los Angeles’ most sought-after beach communities!
Condition Rating
Fair
The property, built in 1964, shows significant interior cosmetic updates in the kitchen and bathrooms, featuring modern white shaker cabinets, stone countertops, subway tile backsplashes, and stainless steel appliances in the kitchen, and contemporary glass-enclosed showers and vanities in the bathrooms. Hardwood flooring is present in living areas and bedrooms. However, a major drawback is the cooling system, which consists of wall-mounted AC units rather than central air conditioning, indicating an outdated major system. While the renovated areas are in good condition, the overall age of the building and the non-central AC system prevent it from achieving a 'Good' score, as major systems are functional but show signs of being outdated, aligning with the 'Fair' criteria.
Pros & Cons
Pros
Premier Coastal Location: Situated in the highly sought-after Venice Beach, just blocks from the sand, adjacent to the iconic Venice Canal, and a short stroll to Abbot Kinney Blvd, offering unparalleled lifestyle and desirability.
Strong Investment & Income Potential: As a multi-unit property (described as two-unit, sub-type Quadruplex), it presents significant income-generating opportunities, whether for full rental income or owner-occupancy with supplementary rental income.
High Rental Demand & Appreciation: Located in a vibrant, high-traffic beach community, ensuring consistent rental demand and strong potential for long-term property value appreciation in a desirable Los Angeles market.
Exceptional Accessibility: Provides unbeatable access to Venice's renowned shops, diverse dining, cultural attractions, and the beach, enhancing its appeal to both residents and tenants.
Built-in Flexibility: The multi-unit configuration offers inherent flexibility for various ownership strategies, from pure investment to a live-work setup, maximizing its utility and market appeal.
Cons
Property Age & Potential for Updates: Built in 1964, the property is over 50 years old, which may necessitate significant capital expenditure for system upgrades, modernization, or deferred maintenance to meet contemporary standards and tenant expectations.
Recent Price Reduction: The property has seen a notable price reduction from its original listing, which could suggest an initial overvaluation or indicate a longer time on market, potentially impacting buyer perception.
Unit Count Discrepancy: The listing description refers to it as a 'two-unit property,' while the `sub_type` is listed as 'Quadruplex.' This inconsistency requires clarification to understand the actual legal configuration, zoning potential, and current income-generating capacity.