$1,875,000

West of Lincoln and filled with quintessential Venice charm, this exceptionally well-kept triplex w/ 2 vacant units offers a rare combination of lifestyle, income, and long-term upside. Situated on a large 5,281 square foot RD1.5-zoned lot, the property features a vacant one-bedroom unit with its own private outdoor space, a… Read More large occupied studio with its own private outdoor space, and the true star of the property a vacant two-bedroom owner's unit with an incredible private backyard of more than 350 square feet. The owner's unit is thoughtfully designed with its own in-unit laundry, beautiful architectural archways, an open and inviting floor plan, and a seamless connection to the outdoors. The backyard is what truly sets this property apart. Large, private, and incredibly hard to find in Venice, it feels like a natural extension of the home with plenty of room to entertain friends, dine outside, relax in the sun, garden, or even add a play set for the kids. It delivers the kind of indoor-outdoor lifestyle that makes Venice living so special. For an owner-user, the setup is hard to beat. Live in the spacious two-bedroom unit and enjoy the privacy, yard, and lifestyle of your own home while collecting rent from the other two units to help offset your monthly payments. This isn't your average triplex where the owner's unit feels like just another apartment. Here, you can genuinely feel like you're living in your own single-family home while benefiting from additional rental income right on the property. Adding another layer of opportunity is the massive three-car garage with alley access, offering more than 650 square feet of additional space and incredible flexibility for the future. Keep it as exceptional off-street parking and storage, explore the potential for future ADUs, or imagine transforming some or all of the space into an amazing bonus room, game room, workshop, work-from-home studio, creative space, or gym. With more than 650 square feet to work with, it is a substantial value-add and an exciting blank canvas for the next owner.Investors should take notice as well. With both the two-bedroom and one-bedroom units delivered vacant, a new owner has the opportunity to secure market rents on two of the three units from day one. At projected market rents, the property pencils to approximately a 5% cap rate, creating an attractive opportunity for someone looking to add a well-maintained Venice triplex to their portfolio without taking on a major renovation project.And for buyers thinking longer term, the 5,281 square foot RD1.5-zoned lot creates another compelling layer of upside. As Los Angeles building regulations, density bonuses, and housing incentives continue to evolve, the property offers exciting potential for a buyer interested in maximizing the site over time. Buyers should independently investigate current zoning, density bonus programs, ADU opportunities, and development potential with the City. Whether you're an owner-user looking for a home with rental income, an investor seeking immediate income potential, or a buyer thinking about the property's longer-term development possibilities, this is far more than your average triplex. It's a uniquely Venice opportunity combining a true sense of home, meaningful private outdoor space, more than 650 square feet of garage space, rental income, and future upside all west of Lincoln. Read Less

Courtesy of Pardee Properties, Tyler Kunkle, Pardee Properties 310-907-6517.

Listing Snapshot

Days Online

Last Updated

Oct 31, 2026

Property Type

Other

Beds

Square Ft.

1,708

Lot Size

0.12 Acres

Year Built

1949

MLS Number

26992139

Additional Details

Appliances & Equipment

Freezer, Range/Oven, Refrigerator, Dryer, Washer, Ceiling Fan

Building

1,708 sq ft, Built in 1949, Levels: One Level, Attached, Spanish

Cooling

Multi/Zone, Wall Unit(s)

Disclosures

Coastal Commission Restrictions, As Is

Fireplaces

None

Garage

Garage - 3 Car, Driveway

Heating

Wall, Wall Electric

Laundry

Laundry Area

Lot

LotAcreage: 0.1212, LotSizeArea: 5,281, Front Yard, Fenced

Parking

TotalParking: 5

Pool

None

Property

NumberOfUnits: 3, OtherStructures: None, Zoning: LARD1.5, Updated/Remodeled

Sewer

In Street

Spa

None

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