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The Bungalow Triplex 521 Venice Way 3 Unit Apartment Building $2,695,000 ($898,333/Unit) Venice, CA 90291



Executive Summary
Welcome to The Bungalow Triplex, a rare Venice offering that perfectly blends charm, lifestyle, and income potential. Whether you're an owner-user seeking supplemental rental income, an investor looking to maximize returns, or exploring short-term rental opportunities, this unique property presents exceptional versatility in one of Los Angeles' most coveted coastal neighborhoods. Ideally located just moments from the Venice Canals, Venice Beach, and the renowned shops, restaurants, and boutiques of Abbot Kinney Boulevard, this is quintessential Venice living at its finest. The spacious rear residence is a 2-bedroom, 2.5-bath townhome-style unit spanning approximately 1,200 square feet. Designed to live like a single-family home, it features dual en-suite bedrooms, vaulted ceilings, a private balcony, and an open, airy floor plan that offers both comfort and privacy. At the front of the property are two charming 1-bedroom, 1-bath detached bungalows, each filled with natural light and character. The true appeal of this property is that every residence lives as its own private bungalow, a highly desirable feature that consistently attracts quality tenants in the Venice market. All three units have been thoughtfully updated with upgraded appliances, private in-unit washers and dryers, and benefit from recently replaced gas lines and a newer roof. The property also offers five parking spaces, beautifully landscaped communal outdoor areas, and an outdoor shower perfect for rinsing off after a day at the beach. With strong rental appeal, exceptional flexibility, and an unbeatable Venice location, The Bungalow Triplex presents a rare opportunity for both investors and owner-users to enjoy the best of coastal California living while generating meaningful income.
Property Facts
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $898,333 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,673 SF |
| No. Units | 3 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Low-Rise | Parking Ratio | 1.87/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,695,000 |
| Price Per Unit | $898,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,673 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2.5 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
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The Bungalow Triplex | 521 Venice Way

