340 Rennie Avenue, Venice, CA 90291

$2,599,000 Asking Price

5 beds
5 baths
2,283  sqft
Built in 1905

Welcome to 340 Rennie Avenue in the vibrant Venice, CA. A standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, and one and half bathrooms layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room. Nestled at the back is a cozy studio unit, providing a tranquil escape within your personal oasis. Perfectly situated in Venice's coveted Rose corridor, this residence enjoys close proximity to Abbot Kinney, Venice Beach, and Main Street, granting residents easy access to the vibrant local lifestyle and amenities. Explore trendy boutiques, acclaimed dining spots, and the iconic Venice Beach boardwalk, all just a stone's throw away. Whether you envision residing in one unit while generating income from the others, future development possibility or seek a lucrative investment opportunity with promising rental returns, 340 Rennie Avenue delivers a harmonious blend of prime location, versatile living spaces, and great potential. Embrace the chance to own a slice of Venice's sought-after real estate market. Contact us today to schedule a viewing and seize this exciting prospect for lucrative rental income. Middle unit is Tenant occupied and can only be shown with an accepted offer . Studio Unit is not currently permitted.


Features & Amenities

Interior

Appliances:
Dishwasher,Disposal,Microwave,Washer
Laundry:
Outside
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
None

Exterior

General:
None
Style:
Bungalow
Pool:
None
Parking:
Carport, Parking spaces: 2

Construction

General:
1

Location

Originating MLS:
CRMLS
County:
Los Angeles

Lot

Zoning:
LARD1.5, 4240010028
View:
View

Financial

Source:
CRMLS

This listing courtesy of:
Coldwell Banker Realty, Joel Newton

About Venice, CA

Housing

Number of Units
15,562
Median Home Value
$1,177,766
Median Rent
$1,973

64.23% of housing units are renter occupied.

12.17% are vacant.

Commute

Car
38.50%
Public Transportation
1.39%
Walk to Work
3.69%
Work from Home
51.56%
Other
0.76%

The median travel time to work is 15 minutes.

People

Population
27,913
Median Age
39.20
Median Household Size
2.14

Education

High School
9.25%
Associate’s Degree
3.21%
Bachelor’s Degree
42.40%
Graduate Degree
26.83%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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