Residential Income In Venice

A rare opportunity to own a well maintained and thoughtfully updated duplex in an exceptional Venice location. 40 30th Avenue is ideally positioned just moments from the beach and only a short distance from the restaurants, shops, and neighborhood favorites along Washington Boulevard. Properties offering this combination of location, parking, flexibility, and additional usable space are increasingly difficult to find in Venice. The property has been extensively improved, with all units remodeled and numerous important building upgrades already completed. Improvements include an updated electrical system and meters, updated windows, and a new roof installed in 2022. Adding to the property’s appeal are two non-conforming studio units, providing a new owner with exciting flexibility and potential. Subject to City approval, there may be an opportunity to legalize one of the spaces as an ADU. The property also presents a unique owner-user opportunity live in the vacant studio while utilizing the additional studio as a private office or creative workspace, all while benefiting from the income generated by the duplex. Even more impressive for this close-to-the-beach location, the property offers three on-site parking spaces, including one enclosed garage, plus a large private patio perfect for entertaining, relaxing, and enjoying the Southern California lifestyle. With its prime location near the sand and Washington Boulevard, remodeled units, significant recent improvements, valuable on-site parking, and flexible additional spaces, 40 30th Avenue represents a truly unique Venice offering with multiple paths for an investor or owner-user to unlock additional value over time.