$2,495,000
-$200,0002403 Louella Avenue, Venice CA 90291
Multi-Family (5 Units)
Property type
263 days
On market
$847
Price per sqft
4 cars
Garage
1950
Year built
5,858 sqft
Lot size
Home highlights
Open Houses
Overview
This property is located along Venice Blvd and features 5 units including a large 2 bedroom/1 bath owners unit with private patio. All units have been renovated with new two tone paint, dual pane windows, vinyl flooring, stainless steel appliances, ceiling fans, window treatments, vanities, toilets, fixtures, tubs, garage door openers etc. Several units include patio's or...
Listing provided by: Eric Eide DRE #01207980, RE/MAX MASTERS REALTY
Listing updated: May 12, 2026 at 06:46pm.
Last checked: Jun 15, 2026 at 07:30pm
Source: CRMLS #CV25215931
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,195 | $2,195 | $2,260 | Unfurnished |
| 1 | 1 | 1 | — | $2,240 | $2,240 | $2,300 | Unfurnished |
| 1 | 1 | 1 | — | $2,195 | $2,195 | $2,260 | Unfurnished |
| 1 | 1 | 1 | — | $2,295 | $2,295 | $2,360 | Unfurnished |
| 1 | 2 | 2 | — | $3,420 | $3,420 | $3,600 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Disposal: 5
Ranges: 5
Refrigerator: 5
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $12,200
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
16.5x
List Price / Annual Gross Rent
Cap Rate
4.1%
NOI / List Price
Gross Scheduled Income: $150,800
Operating Expense: $48,400
Net Operating Income: $102,400
Annual Operating Expenses
Electric: $2,000
Gardener: $2,400
Fuel: $0
Insurance: $6,000
Maintenance: $2,500
New Taxes: $30,000
Professional Management: $0
Trash: $1,500
Water / Sewer: $4,000
Interior
Interior Features: Ceiling Fans, Recessed Lighting
Room Type: Kitchen, Laundry, Living Room
Flooring: Tile, Vinyl
Cooling: None
Heating: Wall Furnace
Appliances: Free Standing Range, Freezer, Gas Cooktop, Disposal, Gas Range, Refrigerator, Water Heater
Fireplace: None
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Entry Location: 1
Exterior
Architectural Style: Traditional
Property Attached: No
Stories Total: 2
Levels: One, Two
Roof: Composition, Flat, Tar Gravel
Foundation: Slab
Window Features: Blinds, Screens
Construction Materials: Frame, Concrete, Stucco
Property Condition: Updated Remodeled
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Back Yard, Corner Lot, Drip Irrigation Bubblers, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level, Walkstreet
Pool: None
Spa: None
Fencing: Excellent Condition, Privacy, Stucco Wall, Wood, Wrought Iron
Water Source: Public
Sewer: Public Sewer, Sewer Tap Paid
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Neighborhood
Road Frontage Type: City Street
Road Surface Type: Alley Paved, Paved
Garage and Parking
Parking: Assigned, Asphalt, Concrete, Covered, Driveway Level, Door Single, Garage, Garage Faces Rear, On Street
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4236006006
Additional Parcels: No
Tax Lot: 6
Zoning: LAR4
Tax Block: 8
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters, Sidewalks