Property Description
Rare investment opportunity in the heart of Venice: perfect for multi generational living! An unparalleled opportunity in the heart of Venice, this perfectly located and meticulously designed four-home property offers the perfect blend of togetherness and independence ideal for multi-generational living or a high-yield investment with a 5.56% cap rate. Currently operating as MTR at a 5.56% cap rate but can be delivered vacant for a traditional rental unit. At market rents on traditional 12 month lease the cap rate is 5.3%. The home is fully occupied at noted rents via the outstanding corporate rental platform however can be delivered VACANT at the close of escrow to suit a buyers needs. This unique gated sanctuary consists of a completely rebuilt two story front house, a spacious duplex, and a brand-new construction ADU with a rooftop deck, all designed to feel connected yet separate, with lush landscaping for natural privacy and security for each. Front House (3BD/3BA): Rebuilt in 2024, this modern two-story home is flooded with natural light from skylights and features an open floor plan, large kitchen, private bar/wine room, luxurious primary suite, private fenced yard, and in-unit laundry. Middle Duplex (Two 3BD/2BA Units): Thoughtfully remodeled, both units offer spacious open layouts, private outdoor areas enclosed by greenery, and in-unit laundry. Ideal for extended family, guests, or high-income rentals. ADU (2BD/2BA + Rooftop): Designed by renowned architect Robert Thibodeau, this brand-new (2024) standalone residence features an expansive rooftop deck with an outdoor kitchen and breathtaking city views a true private retreat. Each home is intentionally separated with custom fencing, hedges, and private walkways, ensuring residents have their own gated entrance and dedicate outdoor space. Located just moments from Rose Ave & Abbot Kinney Blvd, this property places you in the heart of Venice's best shopping, dining, and coastal lifestyle. A place where generations can come together, yet live independently. A rare chance to own a multi-home sanctuary in one of LA's most coveted neighborhoods.
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$57,777
TurboHome Estimated Value
$4,200,400
$979 sqft
High Valuation
$4,410,420
$1028/sqft
Normal Valuation
$4,200,400
$979/sqft
Low Valuation
$3,990,380
$930/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $979/sqft | $4,200,400 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Venice
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Comparative Value
$4.55M
$5.05M
705 6th Ave, Venice, CA 90291
List Price: $4,549,000
Subject Property
315 Vernon Ave, Venice, CA 90291
Sale Price: $5,050,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT705 6th Ave, Venice, CA 90291
List: $4,549,000
Listed: 2/14/2025
Area:4,289 sqft
Price/sqft:$1,061
Beds:11
Baths:9
Year Built:—
Lot Size:5,670
Comparable Properties
COMPARABLEChoose comps
315 Vernon Ave, Venice, CA 90291
Sale: $5,050,000
5/2/2025 • 0.28 mi
Area:4,826 sqft
Price/sqft:$1,046
Beds:11
Baths:8
Year Built:—
Weight:100.0%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
705 6th Ave, Venice, CA 90291 | $4,549,000 | 4,289 | $1,061 | 5,670 | — | 2/14/2025 | 11 | 9 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
315 Vernon Ave, Venice, CA 90291 | $5,050,000 | 4,826 | $1,046 | 12,008 | 0.28 mi | 5/2/2025 | 11 | 8 | — | 100.0% |
Nearby Listings
3 similar properties within 5 miles

List Price: $3,800,000
1050 12th St, Santa Monica, CA 90403
10 bd 10 ba 7,068 sqft
TurboHome Est. Value:
$2,910,600

List Price: $4,395,000
827 12th St, Santa Monica, CA 90403
10 bd 8 ba 6,746 sqft
TurboHome Est. Value:
$4,158,400

List Price: $4,500,000
1419 Franklin St, Santa Monica, CA 90404
11 bd 10 ba 5,577 sqft
TurboHome Est. Value:
$4,313,500
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