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Sold on 05/01/2024
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523 Main St, Venice, CA 90291

$1,600,000

Last sold 05/01/2024 after 198 Days

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    bed

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    bath

Multi-family not for sale
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About 523 Main St

Property type Multi-family
Neighborhood
Year built 1925
HOA fee $0/month
Lot size 2,638 Sqft
Rental estimate
Property description
949-996-7096. Introducing a rare investment opportunity located at 523 Main Street in Venice, California. This property presents a chance to secure a prime investment in one of the most popular destinations in Los Angeles. Located just steps away from the renowned Venice Beach, Gold's Gym, Abbot Kinney's bustling shopping district, and the thriving dining and nightlife scene along Rose Avenue, Venice Studios offers unparalleled convenience and a dynamic lifestyle opportunity. With a walk score of 95 out of 100 and an impressive bike score of 100, 523 Main is perfectly situated for easy access to key amenities. It is surrounded by neighboring communities such as Malibu, Pacific Palisades, Santa Monica, Marina Del Rey, and the tech hub of Silicon Beach. Don't miss out on this exceptional opportunity to own an investment property in one of the most sought-after locations in Los Angeles.
Listed by
Listing Agent - Dimitre Petrov
Listing Agent Contact: 949-996-7096
Listing Office - CRI
Source: CRMLS mls logo
MLS#OC23192953 • last updated 2 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.0606
Lot Size (SqFt) 2638
Year Built 1925
Interior
Other Room(s) See Remarks
Appliances Built-In Range, Freezer, Disposal, Gas Oven, Gas Cooktop, Refrigerator, Water Heater
Exterior
Building Area Square Feet, 1536
Parking Off Site
Lot Description Corner Lot, Rectangular Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Biking, Curbs
Walk Score 95
Directions Los Angeles International Airport 1 World Way, Los Angeles, CA 90045 Get On CA-1 N/S Sepulveda Blvd 6 Min (1.0 Mi) Continue On CA-1 N To W Washington Blvd 13 Min (4.8 Mi) Take Abbot Kinney Blvd To Main St 7 Min (1.8 Mi) 523 Main St
APN 4286016034
Multifamily Details
Tenant Pays See Remarks
Operating Expense 50638
Cap Rate 4.57
Total Expenses 50638
Gross Scheduled Income 136250
Rental est.: $1,758/month
Gross rent multiplier: 75.9
  • May 2024
    mls logo MLS # OC23192953
  • May 2, 2024 Sold
    $1,600,000
  • Feb 28, 2024 Pending
    —
  • Jan 8, 2024 Price Change
    $1,875,000 (-16.7%)
  • Oct 16, 2023 Listed
    $2,250,000 (-4.3%)
  • May 2024
    Public Records
  • May 1, 2024 Sold
    $1,600,000 (-14.7%)
  • Oct 2022
    Public Records
  • Oct 11, 2022 Sold
    $2,350,000
  • Oct 2022
    mls logo MLS # 22190909
  • Oct 6, 2022 Sold
    $2,350,000 (+4.4%)
  • Sep 14, 2022 Active
    —
  • Aug 17, 2022 Listed
    $2,250,000 (+40.6%)
  • Sep 2020
    mls logo MLS # 20582484
  • Sep 15, 2020 Sold
    $1,600,000
  • Sep 14, 2020 Pending
    —
  • Sep 14, 2020 Price Change
    $1,600,000
  • May 25, 2020 Listed
    $1,699,500 (-2.9%)
  • Sep 2020
    Public Records
  • Sep 9, 2020 Sold
    $1,600,000 (-5.9%)
  • May 2020
    mls logo MLS # 20572174
  • May 7, 2020 Price Change
    $1,750,000 (-2.5%)
  • Apr 20, 2020 Listed
    $1,795,000
  • Apr 2020
    mls logo MLS # 20562302
  • Apr 14, 2020 Price Change
    $1,795,000 (-5.3%)
  • Mar 25, 2020 Price Change
    $1,895,000 (-4.1%)
  • Mar 9, 2020 Listed
    $1,975,000
  • Mar 9, 2020 Listed
    $1,975,000
  • Mar 2020
    mls logo MLS # 19524772
  • Mar 4, 2020 Listed
    $1,975,000
  • Mar 4, 2020 Listed
    $1,975,000 (-1.0%)
  • Dec 16, 2019 Price Change
    $2,050,000
  • Dec 14, 2019 Price Change
    $2,049,000 (-2.2%)
  • Dec 2, 2019 Price Change
    $2,095,000 (-2.6%)
  • Oct 28, 2019 Listed
    $2,150,000
  • Oct 28, 2019 Listed
    $2,150,000 (+36.5%)
  • Feb 2020
    mls logo MLS # 20550038
  • Feb 3, 2020 Listed
    $1,995,000
  • Feb 3, 2020 Listed
    $1,995,000
  • Jan 2020
    mls logo MLS # 20541780
  • Jan 27, 2020 Price Change
    $1,995,000 (-2.6%)
  • Jan 8, 2020 Listed
    $2,049,000
  • Jan 8, 2020 Listed
    $2,049,000
  • Oct 2017
    mls logo MLS # 17245538
  • Oct 28, 2017 Sold
    $1,575,000
  • Oct 27, 2017 Sold
    $1,575,000 (-1.6%)
  • Aug 9, 2017 Pending
    —
  • Jul 30, 2017 Price Change
    $1,600,000 (-5.9%)
  • Jul 14, 2017 Price Change
    $1,700,000 (+6.3%)
  • Jun 26, 2017 Listed
    $1,600,000 (-15.8%)
  • Jun 26, 2017 Listed
    $1,900,000 (+15.2%)
  • Oct 2017
    Public Records
  • Oct 27, 2017 Sold
    $1,575,000
  • Jun 2017
    mls logo MLS # 16149334
  • Jun 6, 2017 Pending
    —
  • Dec 5, 2016 Active
    —
  • Oct 11, 2016 Price Change
    $1,650,000 (-5.7%)
  • Sep 8, 2016 Price Change
    $1,749,999 (-12.5%)
  • Aug 1, 2016 Listed
    $2,000,000
  • Year Property taxes Tax assessment
  • 2024
    $29,452 +2.0%
    $2,397,600 +2.0%
  • 2023
    $28,885 +46.5%
    $2,350,600
  • 2022
    $19,720 +1.2%
    $2,350,600 +46.86%
  • 2021
    $19,487 -4.3%
    $1,600,600 -2.36%
  • 2020
    $20,359
    $1,639,230
  • 523 Main St
    $1.6M
  • Venice
    $2.59M +4% y/y
  • 90291
    $2.74M +5% y/y
  • Venice
    $2.74M +5% y/y
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Statistics calculated by Movoto

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7/10
Venice Senior High School
public Grades 9-12
Los Angeles Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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