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Sold for $2,195,000
    • Listed by: Homecoin.com • Jonathan Minerick • Contact: 888-400-2513
    Bought with: The Beverly Hills Estates
    $2,195,000

    515 Santa Clara Ave, Venice, CA 90291

    --beds
    6baths
    2,268sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $968/sqft
    $3,939 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,939/mo

    Zestimate® history
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    What's special

    This is the opportunity you've been waiting for. Location, location, location - just a short walk to the famous Abbott Kinney and some of the finest restaurants and coffee shops. This is a beautifully landscaped income property consisting of 6 spacious sun filled bungalow units with No LA Rent Control. The current cap rate is 5.2% and with rent increases easily over 6.1%. Each units has individual circuit breaker boxes in the apartment, spacious kitchens and bathrooms, flooring and water heaters. All 6 units have private decks with the 2 front units having incredibly huge decks within a private yard. The 2 middle units have newer mini split hvac units. The property is fully rented and the owners unit can be vacated. There is a garage consisting of 2 units and an attached common laundry room. In the back of the property there is also a barbeque and dining area. There is financing that can be assumed, please inquire as to the specifics. The location of this property makes it easy to walk for groceries, coffee, dining and just close to the beach.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Minerick DRE #01523060 888-400-2513,

    Homecoin.com

    Bought with:

    Archie Ogani, DRE #01963620

    The Beverly Hills Estates

    Source: CRMLS,MLS#: TR23158495MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 6
    Heating
    • Natural Gas, Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Gas Oven, Gas Water Heater, Refrigerator
    • Laundry: Common Area, Laundry Room
    Features
    • Flooring: Laminate, Tile, Wood
    • Windows: Screens
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,268
    • Total interior livable area: 2,268 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Faces Rear
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Fencing: Excellent Condition,Privacy,Wood
    Lot
    • Size: 5,210 Square Feet
    • Dimensions: 40 x 130
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 4239026034
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Multi Family
    Materials
    • Drywall, Stucco
    • Roof: Flat,Reflective
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Electric: Electricity - On Property
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Sidewalks, Gated
    • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s), Security Lights
    Location
    • Region: Venice

    Financial & listing details

    • Price per square foot: $968/sqft
    • Tax assessed value: $2,238,900
    • Annual tax amount: $27,403
    • Date on market: 8/24/2023
    • Cumulative days on market: 128 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan
    • Total actual rent: 12150
    • Tenant pays: Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    7/13/2026Listing removed$2,800$1/sqft
    Source: Zillow Rentals Report a problem
    6/1/2026Listed for rent$2,800$1/sqft
    Source: Zillow Rentals Report a problem
    4/14/2026Listing removed$2,800$1/sqft
    Source: Zillow Rentals Report a problem
    3/24/2026Listed for rent$2,800-3.4%$1/sqft
    Source: Zillow Rentals Report a problem
    3/14/2026Listing removed$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    2/25/2026Listed for rent$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    1/29/2026Listing removed$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    1/5/2026Listed for rent$2,900-3.3%$1/sqft
    Source: Zillow Rentals Report a problem
    11/16/2025Listing removed$3,000$1/sqft
    Source: Zillow Rentals Report a problem
    7/18/2025Listed for rent$3,000+3.4%$1/sqft
    Source: Zillow Rentals Report a problem
    2/19/2025Listing removed$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    1/14/2025Listed for rent$2,900+7.4%$1/sqft
    Source: Zillow Rentals Report a problem
    11/22/2024Listing removed$2,700$1/sqft
    Source: Zillow Rentals Report a problem
    11/21/2024Price change$2,700-3.6%$1/sqft
    Source: Zillow Rentals Report a problem
    10/10/2024Price change$2,800-5.1%$1/sqft
    Source: Zillow Rentals Report a problem
    9/18/2024Listed for rent$2,950+1.7%$1/sqft
    Source: Zillow Rentals Report a problem
    7/11/2024Listing removed--
    Source: Zillow Rentals Report a problem
    6/20/2024Listed for rent$2,900$1/sqft
    Source: Zillow Rentals Report a problem
    4/7/2024Listing removed--
    Source: Zillow Rentals Report a problem
    3/14/2024Price change$2,900-3.3%$1/sqft
    Source: Zillow Rentals Report a problem
    3/4/2024Listed for rent$3,000+20%$1/sqft
    Source: Zillow Rentals Report a problem
    2/5/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/29/2024Price change$2,500-7.4%$1/sqft
    Source: Zillow Rentals Report a problem
    1/26/2024Listed for rent$2,700$1/sqft
    Source: Zillow Rentals Report a problem
    1/24/2024Sold$2,195,000-2.4%$968/sqft
    Source: CRMLS #TR23158495 Report a problem
    11/27/2023Listed for sale$2,250,000+11.1%$992/sqft
    Source: CRMLS #TR23158495 Report a problem
    12/29/2020Sold$2,025,000$893/sqft
    Source: CLAW #20659608 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$27,403 +3.2%$2,238,900 +4.2%
    2024$26,564 +1.9%$2,149,546 +2%
    2023$26,056 +4.8%$2,107,410 +2%
    2022$24,859 +1.2%$2,066,100 +2%
    2021$24,563 +155%$2,025,600 +174.2%
    2020$9,633 $738,864 +2%
    2019$9,633 +4.7%$724,389 +2%
    2018$9,203 $710,198 +2.1%
    2017$9,203 +2.6%$695,685 +2%
    2016$8,970 +2.3%$682,045 +1.5%
    2015$8,766 +0.6%$671,801 +2%
    2014$8,709 $658,643 +5.3%
    2010-- $625,500 +31.5%
    2005-- $475,650 +6%
    2003-- $448,804 +49.6%
    2000-- $300,000
    Find assessor info on the county website

    Neighborhood: Venice

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