315 Rose Ave, Venice, CA 90291

May 2

Written By Jake Glaser

4-Plex in Prime Venice | Vacant Renovated Unit, New Roof & Steps from the Beach

Download Offering Memorandum

$1,550,000

$387,500/Unit

$419.83/SF

3.51% Cap Rate

17.18 GRM

Property Highlights

4-plex in prime Venice, Los Angeles; Built in 1954
3,692 SF of living space on a 6,476 SF LARD1.5 lot
(4) 2BD/1BA units across 2 stories, averaging 923 SF
(1) renovated unit delivered vacant, offering an immediate market rent, or perfect for an owner-user
(4) garage parking spaces & (1) uncovered in the rear for tenant use
New roof installed across the entire structure in 2024
Located under a ten minute walk to the sand, along a stretch of Rose Ave spotted with popular cafes, dining, and boutique retail in either direction from the beach up to Lincoln Blvd
Just North of the Main St commercial thoroughfare and half a mile from famous Abbot Kinney Blvd
Held & operated by the same family for 40+ years

The Opportunity

The Glaser Group is pleased to present 315 Rose Avenue, a fourplex in the heart of Venice steps from the sand. Built in 1954 and owned by the same family for over forty years, this building presents a rare opportunity to own in one of the trendiest pockets in the city of Los Angeles. A vacant, renovated 2BD / 1BA unit also makes this a compelling option for an owner-user. The offering is priced at $387,500 per unit and $419.83 per square foot. This is being sold concurrently with the duplex at 245 5th Avenue a few blocks East (they do not need to be purchased together).

Totaling approximately 3,692 square feet of living space across two stories on a 6,476 SF LARD1.5 lot and features a unit mix of (4) 2BR/1BA units. The units average 923 square feet each, and the three occupied units average $1,089/month, with significant eventual upside available. Each of the four units is allocated a parking space in the rear garage, with an additional uncovered parking space available alongside the garage, totaling (5) parking spaces.

The roof of the main structure was replaced in 2024, and the plumbing partially upgraded to copper in the last fifteen years. The vacant ground-floor unit had its windows replaced in the last three years as well. The balconies passed SB-721 inspection.

315 Rose Ave benefits from the proximity to popular dining and retail along Abbot Kinney and Main St, creating strong rental demand for this neighborhood.