
Multifamily listing
315 vernon ave
sold in
Venice
Venice Bungalow Compound by Abbot Kinney and the Beach
Sold At
$
5,050,000
6
Number of Units
1922
Year Built
4,826
SF
Square Footage
12,008
SF
Lot Size
LAR2
Zoning
315-19 Vernon Ave, Venice, CA 90291
About the Property
315 Vernon Ave is a rare, design-forward Venice multifamily asset located just steps from Abbot Kinney Blvd and a short walk to the beach. Known as The Villas of Venice, the property consists of (6) detached Craftsman bungalows originally constructed in 1906 and 1922 and thoughtfully restored to preserve historic character while introducing refined modern comforts. Set behind gated entry on a lush, resort-style parcel, 315 Vernon Ave delivers a level of privacy, architectural integrity, and coastal walkability that is increasingly difficult to replicate in the Venice multifamily market.
For Los Angeles multifamily investors and owner-users, 315 Vernon Ave represented a boutique acquisition opportunity combining irreplaceable location, curated design, and long-term appeal in one of the city’s most iconic coastal neighborhoods.
Architectural Character and Historic Restoration at 315 Vernon Ave
The defining quality of 315 Vernon Ave lies in its preservation-driven restoration approach. Each bungalow retains its original Craftsman bones while incorporating elevated finishes that feel intentional rather than overproduced. Hardwood floors, exposed wood beams, subway tile, brass fixtures, built-in breakfast nooks, and period detailing anchor the interiors, while playful design elements add warmth and personality.
One residence features a richly layered kitchen with a green color palette and a Hollywood Regency–inspired chandelier, nodding to Golden Era glamour while remaining grounded in Southern California design sensibility. The result is a collection of homes that feel authentic, livable, and visually distinctive without sacrificing functionality.
Unit Interiors, Amenities, and Livability
All (6) units at 315 Vernon Ave are equipped with modern conveniences that support long-term tenancy and owner-user appeal. Interior amenities include stainless steel appliances, in-unit washer/dryers, central air and heat, and abundant natural light that enhances the standalone bungalow layouts.
The detached configuration provides a sense of individual residence rather than traditional apartment living, a characteristic that continues to command premium demand in Venice. Shared outdoor spaces are carefully integrated throughout the property, offering multiple seating and dining areas framed by mature landscaping that reinforces the compound’s resort-like atmosphere.
Outdoor Environment and Site Configuration
The gated site plan at 315 Vernon Ave creates a secluded, courtyard-style environment rarely found this close to Abbot Kinney and the beach. Lush landscaping, winding pathways, and thoughtfully positioned communal areas encourage indoor-outdoor living while maintaining privacy between units.
This balance of connection and separation is a major contributor to the property’s appeal, particularly for tenants and buyers seeking a residential experience that feels distinct from denser Venice multifamily product.
Venice Location and Walkability
315 Vernon Ave is positioned on one of Venice’s most sought-after residential streets, just one block from Abbot Kinney Blvd and within walking distance of Venice Beach. The surrounding area offers immediate access to some of Los Angeles’ most recognizable dining, retail, and lifestyle destinations, reinforcing constant demand from tenants seeking walkability and coastal proximity.
The location places residents at the center of Venice’s cultural and creative ecosystem while preserving the quiet, residential character that makes Vernon Ave particularly desirable.
Conclusion and Sale Outcome
315 Vernon Ave stands as one of the most thoughtfully restored boutique multifamily assets to trade in Venice, blending detached bungalow living, historic craftsmanship, and premier walkability in a tightly held submarket. As part of the Golden Era Collection, the property exemplifies how intentional restoration, design clarity, and location-driven demand can converge to create lasting value.
To understand how 315 Vernon Ave was positioned, marketed, and successfully sold, view the full 315 Vernon Ave success story, which details the strategy and execution behind one of Venice’s most distinctive multifamily transactions.
315-19 Vernon Avenue
Westside / SM / Venice
Listed Price
$
Number of Units
6 Units
Price per. Unit
$841,667
Bldg. Size
4,826 SF
Price per Foot
$1,046
Lot Size
12,008 SF
Year Built
1922
Current CAP
4.95
Market CAP
5.08%
Zoning
LAR2
Download the OM to view Property Highlights, Financials & Sales Comparables
Price P/ Unit
$841,667
Price p/ Sq. ft.
$1,046
Proforma Cap Rate
5.08%




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