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312 Market St, Venice, CA 90291
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312 Market St Venice, CA 90291

$1,925,000
  • 6 Beds
  • 5 Baths
  • 1,960 Sq.Ft.
For Sale
$1,925,000 Get Pre-Qualified
Map preview of 312 Market St, Venice, CA 90291

Property Overview: 312 Market St Venice, CA has 6 bedrooms, 5 bathrooms, 1,960 living square feet and 2,848 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Price Reduction! Exciting opportunity to own a charming Venice Beach duplex with one unit delivered vacant! The renovated vacant unit offers a spacious 2 bedrooms 2 bathrooms layout, while the other unit features 2 bedrooms with 1 bathroom. The downstairs unit has been fully renovated with permits featuring a custom kitchen with modern cabinets, designer tiles, sleek matte black fixtures, new flooring, new windows, new recessed lighting, two full bathrooms with floating vanities, new mini-split HVAC air conditioning and heating system, in-unit laundry, and stainless steel appliances. The vacant unit comes with a private outdoor yard in the front and back as an ideal place to unwind at the end of the day with friends and family. The property features a full two car garage and storage area which can be used as an office, home gym, media room, game room, den/hangout area, or creative haven! Perfect for the discerning buyer looking for a great investment, or someone wanting to live in one unit, and collect passive income from the other. Just moments from Abbot Kinney and one of California's most beautiful beaches, this duplex offers the best of everything in vibrant and historical Venice, CA. The possibilities are endless, and the seller has preliminary plans to add 2 detached ADUs in the back of the property for added value and upside potential! Spend your days at the beach, shopping and dining on Abbot Kinney, and enjoy living the dream in the endless California summer.

Listed by Meredith Gruszka | BRE #02013805 | Pardee Properties
Co-listed by Tamra (Tami) Pardee | BRE #01421451 | Pardee Properties
Last checked: 10 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
2,848
HOA Dues
$0/mo
Year built
1938
Garage
2 Car
Property Type:
Multi Family
Status
Active
MLS#
24369481
City
Venice
County
Los Angeles
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $1,406
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 312 Market St

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Property Details for 312 Market St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Property Information
  • Has View
  • Total # of Units: 2
  • Parcel Number: 4238008027
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Abbot Kinney on Market St. between Cabrillo Ave. and Riviera Ave.
View more facts & features

Local Venice Agent

Sale History for 312 Market St

Last sold for $1,400,000 on October 29th, 2021

  • March, 2024

  • Mar 18, 2024

    Date

    Active

    CRMLS: 24369481

    $1,975,000

    Price

  • February, 2024

  • Feb 16, 2024

    Date

    Canceled

    CRMLS: 23325859

    $1,795,000

    Price

  • Oct 25, 2023

    Date

    Active

    CRMLS: 23325859

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 100k Price Reduction! Excellent Owner-User Duplex (1 vacant) or investment opportunity in the heart of Venice Beach! Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney and steps away from the sand within close distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & 14.9 GRM at market rents for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping and dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • February, 2024

  • Feb 16, 2024

    Date

    Canceled

    CRMLS: 23325833

    $1,795,000

    Price

  • Oct 26, 2023

    Date

    Active

    CRMLS: 23325833

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 100k Price Reduction! Excellent Owner-User Duplex (1 vacant) or investment opportunity in the heart of Venice Beach! Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney and moments away from the sand within close distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & 14.9 GRM at market rents for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is moments away from the Beach, all the fine Shopping and dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • October, 2023

  • Oct 25, 2023

    Date

    Canceled

    CRMLS: 23317167

    $1,795,000

    Price

  • Oct 2, 2023

    Date

    Active

    CRMLS: 23317167

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 100k Price Reduction! Excellent Owner-User Duplex (1 vacant) or investment opportunity in the heart of Venice Beach! Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney and moments away from the sand within close distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & 14.9 GRM at market rents for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is moments away from the Beach, all the fine Shopping and dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • October, 2023

  • Oct 25, 2023

    Date

    Canceled

    CRMLS: 23304725

    $1,795,000

    Price

  • Aug 25, 2023

    Date

    Active

    CRMLS: 23304725

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 100k Price Reduction! Excellent Owner-User Duplex (1 vacant) or investment opportunity in the heart of Venice Beach! Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney and steps away from the sand within close distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & 14.9 GRM at market rents for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas and electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping and dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • July, 2023

  • Jul 5, 2023

    Date

    Canceled

    CRMLS: 23267303

    $1,695,000

    Price

  • May 4, 2023

    Date

    Active

    CRMLS: 23267303

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 300k Price Reduction! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 5.5% & GRM of 14.1 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • May, 2023

  • May 2, 2023

    Date

    Canceled

    CRMLS: 23254907

    $1,695,000

    Price

  • Mar 28, 2023

    Date

    Active

    CRMLS: 23254907

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 300k Price Reduction! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 5.5% & GRM of 14.1 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • March, 2023

  • Mar 22, 2023

    Date

    Canceled

    CRMLS: 23242719

    $1,795,000

    Price

  • Feb 16, 2022

    Date

    Active

    CRMLS: 23242719

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    Huge 200k Price Reduction! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 5.1% & GRM of 14.9 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • February, 2023

  • Feb 24, 2023

    Date

    Canceled

    CRMLS: 23242717

    $1,895,000

    Price

  • Feb 16, 2023

    Date

    Active

    CRMLS: 23242717

    $1,895,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & GRM of 15.8 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • February, 2023

  • Feb 16, 2023

    Date

    Canceled

    CRMLS: 22222571

    $1,895,000

    Price

  • Dec 2, 2022

    Date

    Active

    CRMLS: 22222571

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced by 100k! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & GRM of 15.8 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • February, 2023

  • Feb 16, 2023

    Date

    Canceled

    CRMLS: 22225737

    $1,895,000

    Price

  • Dec 16, 2022

    Date

    Active

    CRMLS: 22225737

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduced by 100k! Excellent Owner-User Duplex or investment opportunity in the heart of Silicon Beach. Each level offers a Spacious 2 Bedroom 1 Bathroom unit with laundry inside as well as a cute backyard, double car garage, and storage area. Located West of Abbot Kinney within walking distance of everything Venice has to offer. The building is well-kept, charming, and full of character. The property offers a private and quaint backyard/courtyard perfect for outdoor gatherings. Incredible Proforma Cap Rate of 4.8% & GRM of 15.8 for a long-term investor looking for appreciation and current steady income. Both units are individually metered for Gas & Electricity. The detached garage features 2 parking spaces as well as a storage area that can be used as an office or gym as well. The seller has preliminary plans to add 2 Detached ADUs in the back for future upside. The property is steps away from the Beach, all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

  • August, 2021

  • Aug 13, 2021

    Date

    Active Under Contract

    CRMLS: BB21178348

    $1,400,000

    Price

  • Aug 13, 2021

    Date

    Active

    CRMLS: BB21178348

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Cute Venice duplex in a great location.

  • January, 2021

  • Jan 21, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2018

  • Sep 6, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 312 Market St

Assessed Value (2020): $177,287
Year Land Value Improved Value Assessed Value
2020 $63,110 $114,177 $177,287

Home Value Compared to the Market

This property vs the competition

312 Market St is listed 22.85% lower than the median list price for the city of Venice which has a median list price of $2,495,000. The median price per/sqft for Venice is $1,263 and this home is listed at $982.14 per/sqft which puts the price per square foot 22.24% lower than the median price per square foot for the city of Venice.

About 312 Market St

Detailed summary of property

312 Market St is a multi family located in Venice, CA 90291 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 1,960 living square feet, and sits on an approximately 2,848 square foot lot. 312 Market St was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $1,925,000 and was originally asking $1,975,000. The median priced home in Venice is $2,495,000 with a median price per square foot of $1,263. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 22.85% lower than the median priced home. Local competing homes currently for sale include 3731 Glendon Ave, 12188 W Sunset Blvd and 12188 W Sunset Blvd. While the average home in Venice, CA is selling in 94 days, 312 Market St has a days on market of 49 days. There are currently 165 homes for sale in the Venice real estate market and 147 of them are single family homes while 13 of them are condos and 5 are townhomes. For more information on this home for sale at 312 Market St Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 312 Market St

Public county record property details
Beds
4
Baths
2
Year built
1938
Sq. Ft.
1,960
Lot Size
2,848
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
26
APN
4238-008-027

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,289
Median Sold Price
$1,985,000
Median Sold Price/Sq.Ft.
$1,123
Total Inventory
163
Median Sale to List Price %
99.5%
Avg Days on Market
47
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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