1908-1910 Pacific Ave - Apartments FOR SALE


Venice, CA 90291
$2,850,000 USD
1908-1910 Pacific Ave, Venice, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/30
null | 2.75% Cap Rate

1908-1910 Pacific Ave
Venice, CA 90291


HIGHLIGHTS

  • Two-Unit Multifamily Asset Located Just One Block From The Beach In The Heart Of Venice.
  • Fully Occupied Property Providing Immediate Income With Strong Coastal Tenant Demand.
  • City Of Los Angeles Jurisdiction Allows Greater Flexibility For Future Rent Growth.
  • Multiple Value-Add Paths Including ADU Potential, Redevelopment, Or Repositioning.
  • Steps From Venice Boardwalk, Abbot Kinney, And Premier Dining And Retail Destinations.

OVERVIEW

This top-floor 3-bedroom, 2-bathroom + loft residence offers a rare owner-user opportunity: live in the premier unit while benefiting from income generated by the second unit, all just one block from the beach in the heart of Venice. The top-floor residence is the undeniable crown jewel of the property, featuring soaring ceilings, abundant natural light, and captivating ocean views. The expansive living area, complete with a cozy fireplace, opens seamlessly to a balcony, while above sits a spacious loft level offering incredible flexibility, perfectly suited for a home office, gym, creative studio, or additional lounge space. This level opens to a private rooftop balcony, offering a serene and secluded retreat. The unit is thoughtfully designed with bright, airy interiors, a separate dining area, and a well-appointed kitchen with bar seating, along with a dedicated laundry room and a generous primary suite featuring a spacious en-suite bath, creating a comfortable and functional layout for modern living. This residence offers an exceptional work-from-home setup while placing you steps from the beach and within walking distance of Venice Beach's best restaurants, shopping, coffee shops, and workout studios, including Abbot Kinney and Rose Avenue favorites. In addition to the owner's unit, the property includes a second residence, providing valuable supplemental income and enhancing overall investment appeal with a rare combination of lifestyle and financial upside. Located in the City of Los Angeles, the property benefits greater flexibility for future rent growth compared to neighboring Santa Monica, along with potential opportunities for further value-add strategies. This is a unique chance to live in one of Venice's most desirable locations while owning an income-producing asset. Showings are available only with an accepted LOI or offer. Please do not disturb the tenants. Disclaimer: Images have been virtually staged.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$1,006 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,425,000

CAP RATE

2.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

LAR3

APN/PARCEL ID

4238-022-011

ASK ABOUT THIS PROPERTY

Donald HellerAKG | Christie's International Real EstateMore Info

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

Donald HellerAKG | Christie's International Real EstateMore Info

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