2008 Canal St - Apartments FOR SALE


Venice, CA 90291
$1,595,000 USD
818-599-6466
2008 Canal St, Venice, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/9
null | 4.19% Cap Rate

2008 Canal St
Venice, CA 90291


OVERVIEW

Rare opportunity to acquire a side-by-side pair of Venice duplexes - 2008 and 2010 Canal Street - each offered at $1,595,000 and configured as two units plus a permitted ADU. Built in 1979–1980 and zoned RD2-1-O, these neighboring properties sit steps from the iconic Venice Canals, with walkable access to all Venice has to offer. ADU permits and plans are already issued, providing meaningful upside for the value-add investor or owner-operator. Comparable sales in the immediate area support strong per-unit valuations in one of LA's most supply-constrained coastal submarkets. Available individually or as a combined portfolio - contact us for the full Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$560 USD /SF

# OF UNITS

2

PRICE/UNIT

$797,500

CAP RATE

4.19%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,025 SF

ZONING

LARD2

APN/PARCEL ID

4238-023-018

ASK ABOUT THIS PROPERTY

Justin SeigelADR Preferred Business PropertiesMore Info
818-599-6466

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Justin SeigelADR Preferred Business PropertiesMore Info
818-599-6466

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