1921 Canal St - Apartments FOR SALE


Venice, CA 90291
$5,498,000 USD
310-383-8111
1921 Canal St, Venice, CA for Sale
$5,498,000 USD
Apartments - FOR SALE
1/13
null | 4.91% Cap Rate

1921 Canal St
Venice, CA 90291


HIGHLIGHTS

  • 2 blocks from Venice Beach and Venice Canals
  • Major Upside projected over 90% in rental income upon Vacancies

OVERVIEW

1917 and 1921 Canal Street are two (2) identical 9-unit buildings for sale in the heart of Venice Beach. Each listed for sale for $2,749,000. They can be purchased together for $5,498,000 or separately. All the Single units are Bachelors with Kitchenettes. Excellent opportunity to purchase two side by side buildings close to Venice Beach, the Venice Canals, and Abbot Kinney!

FOR SALE DETAILS

PRICE

$5,498,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

18

PRICE/UNIT

$305,444

CAP RATE

4.91%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1917 and 1921 Canal Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,001 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

4238-022-032,4238-022-033

ASK ABOUT THIS PROPERTY

Jeff KoneckeJeff KoneckeMore Info
310-383-8111

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

Jeff KoneckeJeff KoneckeMore Info
310-383-8111

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