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935 Venezia Avenue Venice, CA 90291
$2,995,000 6 beds, 6 baths
2, 992 sqft
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Photo of Deanne Palmer

Deanne Palmer REALTORĀ® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
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Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Agent Remarks

Positioned in one of Venice's most coveted pockets just steps from the iconic Walk Streets, the vibrant boutiques of Abbot Kinney, and the ocean, this unique four-unit compound presents an exceptional value opportunity west of Lincoln. Tucked behind mature, lush landscaping on one of Venice's best streets, the property features almost 3,000 sqft of charming living spaces, complemented by a communal laundry facility and a 1-car garage. Delivered completely vacant, this compound serves as a turnkey canvas ready to be optimized to its full short-term rental potential. The spacious 1,500 sqft original Spanish-style front home features two bedrooms and three bathrooms, anchored in the rear by a completely detached 735 sqft upstairs apartment containing two bedrooms and one bathroom. The remaining footprint is composed of 200 sqft ground-floor converted garage studio, alongside a separate 160 sqft bohemian tiki hut. Detailed financial track record and platform performance statements are available to qualified buyers upon request. Verified operational financials showcase the property's massive short-term revenue engine, showing an annualized gross run-rate between $310,000 to $860,000 in recent years, with a historical performance ceiling that peaked at $1,135,000 in a single operating year. The compound offers a versatile investment strategy: it functions as a rock-solid, passive investment with an as-is traditional long-term leasing Cap Rate starting at 4.80%, while simultaneously offering a battle-tested short-term platform history that has delivered up to an exceptional 26.40% Cap Rate at peak historical capacity. For an owner-user, the compound functions as an incredible mortgage offset while occupying the detached main front property. This is an elite coastal real estate play built for the short-term market, where multi-unit flexibility meets a battle-tested revenue engine.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26835373
List price is $2,995,000
Beds: 6
Baths: 6
Built in 1924
2,992 sqft
2 stories
0.11 acres
Lot size: 0.1101
County: Los Angeles
Property style: Spanish
Zoning: LAR2
Interior features: Ceiling Fan(s),Loft
Appliances: Dishwasher,Refrigerator
Parking description: Converted Garage,Door-Single,Garage,On Street
Heating/cooling: Central Air
Heating description: Central
MLS area: C11 - Venice

Last Updated: 6/3/2026

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This listing belongs to the C11 - Venice MLS area

The style of this listing is Spanish.
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Lat/Long: 33.994885, -118.456277.
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Listing Agent: Mario Aceves
Lic#: 01487194
Office Name: San Diego Central

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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Photo of Deanne Palmer

Deanne Palmer REALTORĀ® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com

San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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