Unmatched Island Investment Opportunity – Steps from Venice Beach & Downtown NO FLOOD ZONE - NO FLOOD DAMAGE - NEVER SEEN A LICK OF WATER - RARE OPPORTUNITY - ZONED RMF4
Welcome to 701 W Venice Avenue—an exceptional multifamily property ideally located just one block from Venice Beach and a short stroll to historic downtown Venice. Rarely does a location offer this level of convenience, charm, and income potential in the heart of Venice Island.
Situated on a prime beach-side corner lot, this updated and well-maintained fourplex offers four private-entry units, each with separate water and electric meters.
Unit Breakdown:
• Unit A – 2 bedrooms, 2 baths, approx. 1,129 SF
• Unit B – 2 bedrooms, 2 baths, approx. 1,578 SF
• Unit C (Owner’s Unit) – 4 bedrooms, 2.5 baths, approx. 3,013 SF
• Unit D – 2 bedrooms, 2 baths, approx. 1,578 SF
All units feature:
• Porcelain tile flooring
• In-unit washers and dryers
• Private entrances and screened outdoor living spaces (lanai or balcony)
Unit C stands out as the owner’s residence or premium rental, offering expansive living areas, a large screened lanai, level 3 granite countertops, and premium finishes throughout—truly lives like a single-family home.
Property Highlights:
• Zoned for daily, weekly, monthly, or annual rentals – full flexibility to maximize income
• New roof (2024), updated electrical panels, and three newer HVAC systems
• Hurricane shutters, enclosures, and private outdoor spaces for each unit
• Electric security gate leading to pavered parking for up to 7 vehicles, including covered spaces
• Professionally landscaped grounds with well-fed irrigation – no water cost for landscaping
To ensure peace of mind, the entire property has been professionally inspected by Peace of Mind Home Inspections, a trusted local company with over 30 years in business. The comprehensive inspection (valued at $2,000) has already been completed and paid for—offering transparency and confidence to any savvy investor.
Prime Beachside Corner Lot
Zoned for Short-Term Rentals
Turnkey, Fully Inspected Income Asset
This is truly one of the most desirable and versatile multifamily properties on Venice Island. Whether you’re seeking a live-and-lease lifestyle or looking to generate high-income returns, 701 W Venice Avenue delivers unmatched value, luxury, and location.
Don’t miss your chance to own this rare, income-ready gem just steps from the sand.
Source: Stellar MLS
MLS#: A4653742
Additional Rooms:
Appliances: Washer,
Building Area Units: Square Feet
Building Elevator: False
Cooling Type: Central Air,
Fireplace: Wood Burning,
Floor Number:
Flooring: Tile,
Heating Type: Electric,
Stories Total:
Interior Features: Walk-In Closet(s),
Laundry Features: Laundry Room,
Levels: One,
Living Area SQ ft: 7422
Living Area Meters: 689.53
Living Area Source: Public Records
Living Area Units: Square Feet
Room Count:
Spa:
Spa Features: Swim Spa,
Architectural Style: Ranch,
Attached Garage:
Carport: 1
Construction Materials:
Exterior Features: Storage,
Foundation Details: Slab,
Garage: 0
Garage Spaces:
Homestead: False
Lot Features: Corner Lot,
Lot Size Dimensions:
Lot Size SqFt: 12000
Lot Size Square Meters: 1115
Other Structures: Shed(s),
Parking Features: Golf Cart Parking,
Pool Private: 0
Property Condition: Completed,
Property Description: Mid Rise
Road Surface Type: Asphalt,
Roof: Membrane,
Sewer: Public Sewer,
Total Acreage: 1/4 to less than 1/2
Utilities: Water Connected,
View Type: Trees/Woods,
Water Access: False
Water Extras: False
Water Source: Public,
Water View: True
Water View Type: Gulf/Ocean - Partial
Waterfront: Pond,
Window Features: Blinds,
Additional Lease Restrictions:
Association Fee Includes: Recreational Facilities,
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Data last updated on Thursday, July 10, 2025 04:50:09 PM.