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257 Windward Ave
Venice, CA 90291
Multifamily Property For Sale
·
3 Units
Executive Summary
Welcome to 257 Windward Avenue, Venice, CA 90291—a rare owner-user opportunity in one of the most desirable beach communities on the Westside. Situated on the prominent corner of Windward Avenue and Riviera Avenue, this charming Craftsman bungalow-style triplex combines timeless architectural character with exceptional income potential, just moments from Venice Beach.
The vacant 2-bedroom, 1-bath owner's residence is filled with original architectural details, rich hardwood floors, and classic Craftsman charm, beautifully complemented by tasteful kitchen and bathroom updates. The kitchen features stainless steel appliances, including a dishwasher, offering modern convenience while preserving the home's vintage appeal. A tall wooden privacy gate creates a welcoming and secluded outdoor setting, and the owner's unit includes the rare luxury of two tandem off-street parking spaces.
Behind the main residence are two separately rented studio apartments currently generating $4,850 per month in rental income, providing immediate cash flow that can significantly offset your monthly housing expenses while you enjoy living just blocks from the ocean.
The location is second to none. Enjoy an unbeatable lifestyle with easy walking distance to Abbot Kinney Boulevard, Windward Circle, and Venice Beach, along with award-winning restaurants, coffee shops, boutiques, art galleries, and everything that makes Venice one of Southern California's most iconic neighborhoods.
Whether you're looking to own your first income property, enjoy coastal living with supplemental rental income, or add a trophy asset to your portfolio, opportunities like this are exceptionally rare. A vacant owner's unit, strong in-place income, classic Craftsman architecture, dedicated parking, and an irreplaceable Venice Beach location make 257 Windward Avenue a truly unique offering.
The vacant 2-bedroom, 1-bath owner's residence is filled with original architectural details, rich hardwood floors, and classic Craftsman charm, beautifully complemented by tasteful kitchen and bathroom updates. The kitchen features stainless steel appliances, including a dishwasher, offering modern convenience while preserving the home's vintage appeal. A tall wooden privacy gate creates a welcoming and secluded outdoor setting, and the owner's unit includes the rare luxury of two tandem off-street parking spaces.
Behind the main residence are two separately rented studio apartments currently generating $4,850 per month in rental income, providing immediate cash flow that can significantly offset your monthly housing expenses while you enjoy living just blocks from the ocean.
The location is second to none. Enjoy an unbeatable lifestyle with easy walking distance to Abbot Kinney Boulevard, Windward Circle, and Venice Beach, along with award-winning restaurants, coffee shops, boutiques, art galleries, and everything that makes Venice one of Southern California's most iconic neighborhoods.
Whether you're looking to own your first income property, enjoy coastal living with supplemental rental income, or add a trophy asset to your portfolio, opportunities like this are exceptionally rare. A vacant owner's unit, strong in-place income, classic Craftsman architecture, dedicated parking, and an irreplaceable Venice Beach location make 257 Windward Avenue a truly unique offering.
Property Facts
| Price Per Unit | $600,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.70% | Lot Size | 0.07 AC |
| Gross Rent Multiplier | 14.35 | Building Size | 1,662 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | LARD1.5 | ||
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.35 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,662 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $5,600 | - |
| Studios | 1 | $2,500 | - |
| Studios | 1 | $2,350 | - |
Property Taxes
| Parcel Number | 4238-013-020 | Improvements Assessment | $161,344 |
| Land Assessment | $1,032,655 | Total Assessment | $1,193,999 |
Property Taxes
Parcel Number
4238-013-020
Land Assessment
$1,032,655
Improvements Assessment
$161,344
Total Assessment
$1,193,999
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