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Closed
- Listed price
- $2,295,000
- Listed Feb 3, 2013
- Sold price
- $2,301,000
- Sold Mar 18, 2013
5,923 sqft lot|1947 Built|16 MLS days on market
217 VENICE Way, Venice, CA 90291
Property Description
Prime location in Venice. Only 2 blocks from the beach. Well maintained income property. Hard-to-find 4 unit building. Each unit is 2BR/1BA. All units tenant occupied on month/month or short term leases. Current rent is SUBSTANTIALLY under market, but current GSI $119K, GMR 19.32, NOI $94K, Cap Rate 4.10%. Future FMV rent would give GSI $174K, GMR 13.19, NOI $139K, Cap Rate 6.06%. Great opportunity for property development as building sits on 3 separate lots (25x79), which have sold for $600k recently. Hot location, hard-to-find property, increasing rental income, future development potential. Your investor clients will love it!
Listing agent: Andrew WatkinsDRE #01478668andy@andywatkinsjd.com, Listing office: Keller Williams Realty Pacific
MLS data updated 10/28/2026, 8:39:43 AM PT
Source: CRMLSMLS #: 13649285
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,301,000
Mar 18, 2013
Available records22013
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90291 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90291 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.