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240 Hampton Dr, Venice, CA 90291

$2,350,000
  • bed

  • bath

Multi-family for sale 20 days

About 240 Hampton Dr

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 6,422 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Located at the border of Venice and Santa Monica, just moments from the beach, Venice Boardwalk, Main Street, and Rose Avenue, 240 Hampton Drive presents a rare multi-family opportunity on an oversized 6,422-square-foot lot. The property features 4 residential units within the main structure, along with a detached garage flex space (not a legal unit) with a bathroom and air conditioning. The main building comprises 2 two-bedroom units and 2 one-bedroom units, each offering air conditioning, individual laundry, generous storage, and bright, light-filled interiors. One of the two-bedroom units, currently serving as the owner’s unit, can be delivered vacant at close, creating an ideal opportunity for an investor or end-user looking to live on-site while benefiting from additional rental income. The detached garage flex space has been loosely converted into an office/lounge space and can also be delivered vacant at close. Ideally positioned just a few short blocks from the beach, the property offers convenient access to some of Venice’s most iconic destinations, including Gold’s Gym, Abbot Kinney, Rose Avenue, and the neighborhood’s shops and restaurants. Venice has also become a hub for health-conscious living, with boutique gyms, recovery and rejuvenation spas, and a growing biohacking and wellness tech scene, complementing nearby Silicon Beach's tech presence. With its prime location, versatile unit mix, and oversized lot, 240 Hampton Drive offers a compelling opportunity in one of Los Angeles’ most sought-after coastal communities. * RENT ROLL: Unit 1 (2BD): $3,500/mo | Unit 2 (2BD): $4,500-$5,000/mo projected rent — owner’s unit, can be delivered vacant at close | Unit 3 (1BD): $3,000/mo | Unit 4 (1BD): $2,700/mo | Garage Flex Space: Can be delivered vacant at close. Several of the rents are estimated to be under market. This is a legal Fourplex and should qualify for owner-occupied financing given 4 units and 1 of the units can be delivered vacant. .
Listed by
Listing Agent - Lauren Forbes
Listing Agent Contact: 310-901-8512
Listing Office - Compass
Source: CRMLS mls logo
MLS#SB26181932 • last updated 2 weeks ago
Movoto checked CRMLS for data 2 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.1474
Lot Size (SqFt) 6422
Year Built 1953
Interior
Laundry In Closet
Exterior
Building Area Square Feet, 3374
Parking Driveway
# Uncovered Spaces 6
# Parking Spaces 10
# Garage Spaces 4
Lot Description Front Yard
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Directions 3 Blocks To The Beach
APN 4286002007
Multifamily Details
Operating Expense 45720
Cap Rate 4.54
Gross Income 152400
Gross Scheduled Income 152400
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