817 Broadway Street, Venice, CA 90291
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
817 Broadway Street,Venice, CA 90291
$2,495,000
- 6 Beds
- 5 Baths
- 3,556 sq. ft.
- Multi-family
- Active
Listed by: elvira davidson, tamra (tami) pardee
Office: pardee properties310-907-6517
MLS#:26828637
Source:CRMLS
Price summary
- Price:$2,495,000
- Price per sq. ft.:$701.63
About this home
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 with strong in-place returns and meaningful long-term upside. All three units have been tastefully updated and are filled with natural light, creating warm, inviting living spaces tenants truly enjoy. Each residence features in-unit laundry, its own separate water meter, and a layout that offers a level of privacy rarely found in multi-unit properties. The like-new front residence lives much like a single-family home, complete with its own privatized yard, ideal for those who value space, separation, and indoor-outdoor living. The two rear units are uniquely positioned with no shared common wall, enhancing both quiet and livability, and both feature A/C for added comfort. One of the rear units is now vacant, presenting an ideal opportunity for an owner-user to move into a private, quiet residence while benefiting from strong rental income from the remaining units. Previously generating $12,100 per month in rental income when fully occupied, the property offers compelling cash flow with additional upside ahead. The property also benefits from a valuable RSO exemption, allowing for greater flexibility and operational efficiency over time. Further enhancing the opportunity is the potential to convert approximately 500 square feet of storage into a studio ADU, with projected rents of approximately $2,000-$3,000 per month, offering a meaningful path to increased 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 looking to invest, live in one unit while generating income, or position yourself for long-term growth, this is a property that meets you where you are and grows with you over time....
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Home facts
- Year built:1926
- Listing ID #:26828637
- Added:48 day(s) ago
- Updated:June 19, 2026 at 10:54 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Kitchen Description:Dishwasher, Refrigerator
- Living area:3,556 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1926
- Building area:3,556 sq. ft.
- Lot area:0.13 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,495,000
- Price per sq. ft.:$701.63
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:7
- Garage:Yes
- Garage spaces:7
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