1916 Pacific Ave - Apartments FOR SALE


Venice, CA 90291
$2,250,000 USD
1916 Pacific Ave, Venice, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1916 Pacific Ave
Venice, CA 90291


HIGHLIGHTS

  • Three-Unit Multifamily Property Located Just One Block From The Beach In Prime Venice.
  • Fully Occupied Asset Delivering Immediate Income With A Diverse Unit Mix.
  • City Of Los Angeles Jurisdiction Provides Greater Flexibility For Rent Growth.
  • Multiple Value-Add Opportunities Including ADU Potential Or Redevelopment.
  • Walkable To Venice Boardwalk, Abbot Kinney, Rose Avenue, And Top Dining.

OVERVIEW

1916 Pacific Avenue is a 3-unit multifamily property just one block from the beach in Venice, featuring a studio, a 2-bed/1-bath, and a 2-bed/2-bath unit for a versatile tenant mix. Fully occupied and income-producing, the property offers immediate returns with long-term upside through ADU additions, redevelopment, or repositioning, supported by the flexibility of City of Los Angeles rent control versus neighboring Santa Monica. With walkable access to the Venice Boardwalk, Abbot Kinney, Rose Avenue, and top dining and nightlife, this prime location ensures strong tenant demand and lasting appreciation. Available individually or as part of a rare 17-unit, 5-parcel portfolio on Pacific Avenue.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$744 USD /SF

# OF UNITS

3

PRICE/UNIT

$750,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

LAR3

APN/PARCEL ID

4238-022-008

ASK ABOUT THIS PROPERTY

Donald HellerAKG | Christie's International Real EstateMore Info

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Donald HellerAKG | Christie's International Real EstateMore Info

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