Located in one of Venice's most sought-after pockets, 815-817 Broadway presents a rare opportunity to own a thoughtfully updated, income-producing triplex that balances immediate returns with long-term upside. All three units have been tastefully updated and are filled with natural light, creating warm, inviting living spaces that tenants truly enjoy.… Read More Each unit features in-unit laundry for everyday convenience, while the layout offers a level of privacy that's hard to find. The like new front residence lives like a single-family home, complete with its own privatized yard, ideal for those who value space and separation. The two rear units are uniquely positioned with no shared common wall, enhancing both quiet and livability. Currently generating $12,100 per month in rental income, the property offers strong in-place cash flow with additional opportunity ahead. One of the rear units is expected to be delivered vacant by mid-May, offering an ideal setup for an owner-user looking for a quiet, private space to call home, while still benefiting from strong income in the remaining units. The property also benefits from a valuable RSO exemption, allowing for greater flexibility and operational efficiency over time. There's further potential to convert approximately 500 square feet of storage into a studio ADU, with projected rents of $2,000-$3,000 per month--an opportunity to meaningfully increase income and overall value. Rounding out the offering is a rare Venice amenity: seven garage parking spaces, providing added tenant appeal and potential for additional revenue. With strong existing income, vacancy upside, thoughtful updates, exceptional privacy, and future development potential, 815-817 Broadway stands out as a compelling investment in one of Venice's most dynamic neighborhoods. Whether you're thinking about investing, living, or a bit of both, this is a property that meets you where you are and grows with you over time. Let's connect about what that could look like for you! Read Less
Property listed by Pardee Properties, Elvira Davidson 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
6
Square Ft.
3,556
Lot Size
0.13 Acres
Year Built
1926
MLS Number
26828637
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1926, Living area: 3556.0, 2 buildings, 2 stories, Levels: Two
Fireplaces
None
Garage
7 spaces
Heating
Combination
Income
Gross Income: $12,100, Net Operating Income: $101,640
Lot
0.1332 acres, Dimensions: 40x115
Parking
7 total parking spaces
Taxes
Parcel Number: 4239014029, Zoning: LARD1.5
Tenant Pays
CableTv, Electricity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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