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58 Ozone Ave - 58 Ozone 3 Unit Apartment Building Offered at $2,395,000 at a 4.81% Cap Rate Venice, CA 90291



Investment Highlights
- • Prime Triplex in Venice Walk Street location • Bordering Venice Ocean Front Walk and Santa Monica Beach
- • Stand-alone main residence • Two remodeled 1-bedroom, 1-bath units above garage
Executive Summary
58 Ozone Avenue | Venice Beach
Welcome to 58 Ozone Avenue, a beautifully reimagined Cape Cod-style triplex on Venice’s iconic and historic Ozone Walk Street, just steps from the sand. This exceptional coastal property offers the best of both worlds—stroll to your right and arrive at the world-famous Santa Monica Beach, or head to your left and experience the vibrant energy of the historic Venice Ocean Front Walk.
The thoughtfully remodeled main residence features three bedrooms and two bathrooms, blending timeless character with modern coastal living. Inside you’ll find a spacious living room, family room, and dining area, complemented by a stunning new kitchen with custom cabinetry, new appliances, updated hardware, and a welcoming breakfast bar. The primary suite offers a beautifully remodeled bathroom and custom closet system, while the second and third bedrooms have also been renovated with new custom closet organizers. Original Douglas fir hardwood floors run throughout the home, preserving its classic charm, and a dedicated laundry room adds everyday modern convenience.
Outside, the newly landscaped front yard features fresh irrigation, lush plantings, and beautifully finished fencing surrounding a clear redwood front deck—the perfect place to enjoy your morning coffee while embracing the relaxed Venice lifestyle.
The two rear residences , one has been newly remodeled they are both one-bedroom, one-bathroom units, complete with their own laundry facility. A spacious private patio creates an ideal setting for entertaining, dining outdoors, or gathering with family and friends. The property also includes a three-car garage, providing valuable off-street parking.
Whether you’re looking for an exceptional owner-user opportunity, a multi-generational living arrangement, or a premier investment property, 58 Ozone Avenue delivers outstanding flexibility and long-term value. Included are architectural conceptual floor plans for a proposed second-story addition to the main residence, offering the next owner the opportunity to pursue approvals through the Coastal Commission and further enhance this remarkable property.
A rare offering on one of Venice’s most desirable walk streets, 58 Ozone Avenue is a timeless coastal retreat and an outstanding addition to any real estate portfolio.
Welcome to 58 Ozone Avenue, a beautifully reimagined Cape Cod-style triplex on Venice’s iconic and historic Ozone Walk Street, just steps from the sand. This exceptional coastal property offers the best of both worlds—stroll to your right and arrive at the world-famous Santa Monica Beach, or head to your left and experience the vibrant energy of the historic Venice Ocean Front Walk.
The thoughtfully remodeled main residence features three bedrooms and two bathrooms, blending timeless character with modern coastal living. Inside you’ll find a spacious living room, family room, and dining area, complemented by a stunning new kitchen with custom cabinetry, new appliances, updated hardware, and a welcoming breakfast bar. The primary suite offers a beautifully remodeled bathroom and custom closet system, while the second and third bedrooms have also been renovated with new custom closet organizers. Original Douglas fir hardwood floors run throughout the home, preserving its classic charm, and a dedicated laundry room adds everyday modern convenience.
Outside, the newly landscaped front yard features fresh irrigation, lush plantings, and beautifully finished fencing surrounding a clear redwood front deck—the perfect place to enjoy your morning coffee while embracing the relaxed Venice lifestyle.
The two rear residences , one has been newly remodeled they are both one-bedroom, one-bathroom units, complete with their own laundry facility. A spacious private patio creates an ideal setting for entertaining, dining outdoors, or gathering with family and friends. The property also includes a three-car garage, providing valuable off-street parking.
Whether you’re looking for an exceptional owner-user opportunity, a multi-generational living arrangement, or a premier investment property, 58 Ozone Avenue delivers outstanding flexibility and long-term value. Included are architectural conceptual floor plans for a proposed second-story addition to the main residence, offering the next owner the opportunity to pursue approvals through the Coastal Commission and further enhance this remarkable property.
A rare offering on one of Venice’s most desirable walk streets, 58 Ozone Avenue is a timeless coastal retreat and an outstanding addition to any real estate portfolio.
Property Facts
| Price | $2,395,000 | Apartment Style | Garden |
| Price Per Unit | $798,333 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 1,927 SF |
| Cap Rate | 4.81% | No. Stories | 1 |
| Gross Rent Multiplier | 15.84 | Year Built/Renovated | 1907/2007 |
| No. Units | 3 | Parking Ratio | 1.56/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | Lard1.5 | ||
| Price | $2,395,000 |
| Price Per Unit | $798,333 |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| Gross Rent Multiplier | 15.84 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.09 AC |
| Building Size | 1,927 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1907/2007 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | Lard1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $8,000 | 1,100 |
| 1+1 | 2 | $2,800 | 400 |
| 1+1 | 3 | $1,800 | 400 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Exceptionally bikeable
90/100
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58 Ozone Ave - 58 Ozone
