38 Dudley Avenue, Venice, California 90291, Venice, 90291 - 6 bed, 5 bath
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Venice, California 90291
This Multi-Unit Residential Asset represents a Strong Value Opportunity, listed at $2,499,000—positioned well above the $2,296,807 Fair Market Value by -8%. Featuring a Condition Rating of 2, the property offers a turnkey, high-quality renovation with modern finishes throughout. The unique configuration of a front residence plus four additional units provides immediate, flexible income potential in a prime coastal location. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage Venice Beach rental demand while maintaining a sophisticated, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38 Dudley Avenue Subject | $2,499,000* List Price | 6 | 5 | 2,943 | $780 | - |
A 407 Rialto Avenue Sold | $2,400,000 | 4 | 4 | 3,158 | $760 | 0.7 mi |
B 748 Brooks Avenue Sold | $1,875,000 | 4 | 4 | 2,208 | $849 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1921, the property has undergone a comprehensive, high-quality renovation within the last 5 years. The kitchen features brand-new stainless steel appliances (some still with protective stickers), modern white shaker cabinetry, and contemporary tiling. Bathrooms are fully updated with modern vanities and fixtures. The interior shows mint condition with new flooring and fresh paint, seamlessly blending classic wood paneling with modern amenities.
Situated just steps from the Venice Beach Boardwalk and Abbot Kinney Boulevard, the property offers unparalleled access to world-class amenities and a high-demand lifestyle.
With all units delivered unoccupied, the buyer can immediately set market-rate rents or begin renovations without the legal complexities of existing tenant relocations.
The combination of a front residence and a separate four-unit building provides a rare opportunity for an owner-user to live on-site while generating significant cash flow.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3751, living area = 2943.
Built in 1921, the property may require substantial capital expenditure for structural updates and modernizing systems typical of century-old coastal homes.
Housing five units on a modest 3,751-square-foot lot results in high density with minimal private outdoor space and likely constrained parking options.
Finally, "ALL UNITS ARE UNOCCUPIED," including the front House. This is an exquisite residence with an income-generating cash flow situated in the heart of Venice Beach, CA. This property effortlessly combines classic charm with modern amenities, making it an ideal choice for those seeking both comfort and sophistication in one of Los Angeles' most vibrant neighborhoods. Nestled just steps away from the iconic Venice Beach, this home offers unparalleled access to the sun, sand, and surf. Enjoy the vibrant beach lifestyle with the famous Venice Boardwalk, Muscle Beach, and a variety of eclectic shops, cafes, and restaurants all within walking distance. This residence exudes character with its charming architecture and thoughtful design. The exterior showcases a perfect blend of classic and contemporary elements, creating a visually stunning façade that captures the essence of Venice Beach living. In addition to the main residence, 38 Dudley Ave offers an exceptional opportunity with its income property potential. The back of the property includes a separate four-unit building, providing an excellent source of rental income. Each unit is thoughtfully designed to offer comfortable living spaces, ensuring high tenant satisfaction. Living at 38 Dudley Ave means embracing the unique and dynamic lifestyle that Venice Beach is famous for. From artistic expression to a thriving food scene, the community offers something for everyone. Enjoy leisurely bike rides along the beach, explore the trendy boutiques on Abbot Kinney Boulevard, or take in the vibrant street performances and murals that define Venice Beach culture. 38 Dudley Ave is more than just a home; it’s a lifestyle. With its prime location, charming architecture, and lucrative income potential, this property represents a rare opportunity to own a piece of Venice Beach. Whether you’re looking for a family home, an investment property, or a vacation retreat, this residence offers endless possibilities. Contact us today to schedule a private tour and discover all that 38 Dudley Ave has to offer. Don’t miss out on this incredible opportunity to live in one of the most sought-after neighborhoods in Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,943 | 1,496 |
| Lot Size | 3,751 | 5,391 |
| Price | $2.50M | $2.33M |
| Price per sq ft | $849 | $1.3K |
| Built year | 1921 | 1942 |
| HOA | $0 | $0 |
| Days on market | 4 | 64 |
Jul 18, 2026
$2,499,000
Initial Listing
Apr 4, 2022
$2,273,000
Public Record