2403 Louella Avenue

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Source: California Regional MLS

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C18910

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 Information

Property Details

Location

Address

2403 Louella Avenue

County

Los Angeles

City

Venice

Zip Code

90291

MLS Area

C11 - Venice

Interior Features

Other Rooms

Laundry Features

Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, See Remarks

Building

Building Information

Square Feet

2,947

Year Built

1950

Stories

Construction

Frame, Concrete, Stucco

Foundation

Slab

Roof

Composition, Flat, Tar/Gravel

Condition

Updated/Remodeled

Financial

Special Conditions

Standard

2403 Louella Avenue, Venice, CA 90291

Market Report for 90291