134 Park Pl - Multi-Family FOR SALE


Venice, CA 90291
$1,895,000 USD
310-497-4362
134 Park Pl, Venice, CA for Sale
$1,895,000 USD
Multi-Family - FOR SALE
1/9
null | 6.4% Cap Rate

134 Park Pl
Venice, CA 90291


HIGHLIGHTS

  • Front house and two additional units are delivered vacant, plus a vacant garage.
  • Large 3,200 SF corner lot enhances curb appeal and rental demand.
  • Prime Venice location steps from Abbott Kinney with shops and amenities.
  • A street view shows a wooden fence, trees, and greenery.
  • Interior features include an empty room, open kitchen, and white finishes.

OVERVIEW

3 UNITS DELIVERED VACANT. Venice Beach fourplex with significant upside and rare owner-user potential. The front house and two additional units will be delivered vacant, along with a vacant garage, offering flexibility to owner-occupy the front residence or reposition the property as a prime income asset. The property also offers future potential to add ADUs. Ideally located just steps from Abbott Kinney, with walkable access to some of Venice's best shops, restaurants, and amenities. Situated on a large 3,200 SF corner lot, the property benefits from strong curb appeal and exceptional rental demand. Only one unit will remain occupied at close of escrow, allowing for renovations and lease-up at current market rents. Directly across the street, a $95M new mixed-use luxury development is underway, bringing additional retail, hotel, and residential uses and further elevating the neighborhood. A rare opportunity to acquire a prime Venice asset with immediate vacancy and upside.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$928 USD /SF

# OF UNITS

4

PRICE/UNIT

$473,750

CAP RATE

6.4%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Venice Beach Park Place Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,177 SF

ZONING

LARD1.5

APN/PARCEL ID

4286-014-037

ASK ABOUT THIS PROPERTY

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310-497-4362

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Jordan PetitoKW Commercial Beverly HillsMore Info
310-497-4362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.