315 Rose Avenue, Los Angeles, CA 90291

Property Description

315 Rose Avenue, a fourplex in the heart of Venice steps from the sand. Built in 1954 and owned by the same family for over forty years, this building presents a rare opportunity to own in one of the trendiest pockets in the city of Los Angeles. A vacant, renovated 2BD / 1BA unit also makes this a compelling option for an owner-user. The offering is priced at $387,500 per unit and $419.83 per square foot. This is being sold concurrently with the duplex at 245 5th Avenue a few blocks East (they do not need to be purchased together). Totaling approximately 3,692 square feet of living space across two stories on a 6,476 SF LARD1.5 lot and features a unit mix of (4) 2BR/1BA units. The units average 923 square feet each, and the three occupied units average $1,089/month, with significant eventual upside available. There is a detached (4) car garage, with an additional uncovered parking space available alongside the garage, totaling (5) parking spaces. The roof of the main structure was replaced in 2024, and the plumbing partially upgraded to copper in the last fifteen years. The vacant ground-floor unit had its windows replaced in the last three years as well. The balconies passed SB-721 inspection.315 Rose Ave benefits from the proximity to popular dining and retail along Abbot Kinney and Main St, creating strong rental demand for this neighborhood.