$2,950,000
12 E 27th Avenue, Venice CA 90291
Multi-Family (4 Units)
Property type
176 days
On market
$1,017
Price per sqft
N/A
Garage
1952
Year built
2,800 sqft
Lot size
Home highlights
Open Houses
Overview
Rare Venice Beach 4-unit property with direct beach access and strong rental history. Each unit features 1-bedroom layouts, modern finishes, and separate meters, providing flexibility for future condo conversion or expansion. Exceptional upside potential with space to add up to 2 ADUs while keeping existing parking, or up to 4 ADUs utilizing more of the parking lot an...
Listing provided by: Rebeka Shadpour DRE #01744494, Wealth Road Realty
Listing updated: May 9, 2026 at 07:19am.
Last checked: Jun 4, 2026 at 10:00am
Source: CRMLS #25627765
Multi-family Analysis
Unit Information
# of Buildings: 1
# of Units Total: 4
Dishwasher: 4
Disposal: 4
Refrigerator: 4
Tenant Pays: Cable Tv, Gas, Other, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
2,809.5x
List Price / Annual Gross Rent
Cap Rate
6.54%
NOI / List Price
Vacancy Allowance Rate: 5%
Net Operating Income: $193,035
Annual Operating Expenses
Insurance: $2,800
New Taxes: $38,000
Water / Sewer: $200
Interior
Interior Features: Furnished
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry: Dryer Included, Washer Included
Exterior
Stories Total: 2
Levels: One
Window Features: Blinds, Drapes
Property Condition: Repairs Cosmetic, Updated Remodeled
Exterior: Rain Gutters
Lot Features: Value In Land
Waterfront Features: Beach Access, Ocean Access
Garage and Parking
Parking: Assigned, Garage, Guest, One Space, Side By Side, Tandem
Garage: Attached
Parking Total: 10
Lot Information
Land Lease: No
Parcel #: 4226020025
Zoning: LARD1.5
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 12 E 27th Avenue, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,360,000
Total Interest
$3,010,050
Total Payment
$5,370,050
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,140
per month
Property History for 12 E 27th Avenue
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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