534 Broadway, Venice, California 90291, Venice, 90291 - 0 bed, 0 bath
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Venice, California 90291
This Renovated Coastal Quadruplex is a Strong Value Opportunity, listed at $3,990,000—positioned below the $4,030,456 Fair Market Value by 1%. This valuation gap provides $40,456 in Instant Equity. Boasting a Condition Rating of 3, the units feature modernized kitchens, stainless steel appliances, and private outdoor decks. Located near Silicon Beach within the Los Angeles Unified School District, the property aligns with strong local market trends for high-density coastal assets. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 534 Broadway Subject | $3,990,000* List Price | 0 | 0 | 4,428 | $910 | - |
A 616 Sunset Active | $3,100,000 List Price | 8 | 4 | 3,224 | $962 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property has undergone extensive interior renovations. The units feature modern kitchens with stainless steel appliances, stone countertops, and updated cabinetry. Bathrooms have been modernized with contemporary tiling and fixtures, and the living areas boast high-quality wood-style flooring and recessed lighting. The property is move-in ready and well-maintained, though the 1960s exterior and core infrastructure prevent an 'excellent' rating.
Situated in the heart of the Venice Beach submarket, the property is steps away from Abbot Kinney, Rose Avenue, and the Silicon Beach tech hub, ensuring high desirability for premium tenants.
As a quadruplex in a supply-constrained neighborhood, this asset benefits from a strong coastal rental corridor with consistent demand from high-quality professionals and lifestyle-oriented renters.
The inclusion of private outdoor areas is a rare and highly valued feature in dense coastal markets, significantly enhancing the property's competitive edge and rental price potential.
Built in 1964, the property may require significant capital expenditures for modernizing systems or structural repairs to meet the expectations of luxury-market tenants.
A recent price reduction from $4.2M to $3.99M indicates that the initial valuation may have been aggressive, suggesting a need for careful cap rate analysis in the current interest rate environment.
Strategically located in the highly sought-after Venice Beach submarket, this property presents a rare opportunity to secure a prime asset in one of Los Angeles’ strongest coastal rental corridors. Situated just moments from the beach, Abbot Kinney, Rose Avenue, and the Silicon Beach tech hub, the location consistently attracts high-quality tenants seeking lifestyle and convenience. The residence offers an efficient layout, strong rental appeal, and private outdoor space—features that support premium tenant demand in the area. Proximity to major employment centers, entertainment, dining, and retail enhances long-term occupancy stability and positioning within a supply-constrained neighborhood. With Venice continuing to demonstrate resilience in both sales values and rental demand, this asset represents an opportunity for steady income performance and future appreciation. Ideal for investors seeking a coastal property with strong fundamentals, long-term upside, and placement within one of Los Angeles’ most recognized lifestyle destinations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,428 | 796 | 67% |
| Lot Size | 5,201 | 2,550 | 67% |
| Price | $3.99M | $1.26M | 67% |
| Price per sq ft | $901 | $1.6K | 33% |
| Built year | 1964 | 1926 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 156 | 33% |
Feb 20, 2026
$3,990,000
$4,200,000
-5% Price Drop
Initial Listing
Feb 14, 2026
$4,200,000
Initial Listing
Mar 30, 2022
$3,380,000
Public Record
Sep 24, 2008
$1,870,000
Public Record