2403 Louella Ave - Apartments FOR SALE


Venice, CA 90291
$2,495,000 USD
626-786-5869
2403 Louella Ave, Venice, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/28
null | 4.1% Cap Rate

2403 Louella Ave
Venice, CA 90291


HIGHLIGHTS

  • Prime West LA Location Along Venice Blvd with All Renovated Units
  • Ideal Location in the Heart of Silicon Beach's "Tech Hub" with Close Proximity to Major Employers (Snap Chat, Google, System1, Headspace, and More)
  • Less than a Mile Away from the Famous Venice Beach & Boardwalk and in Close Proximity to other well-known Surrounding Amenities and Locations
  • Adjacent to Culver City, Marina Del Rey, and Santa Monica
  • Down the Street from CA 10 and 405 Freeway and 7 Miles Away from LAX
  • 2.5 Miles Away from Santa Monica Airport, 4.5 Miles Away from WLAC, 8 Miles Away from UCLA

OVERVIEW

2403 Louella Avenue presents a rare opportunity to acquire a fully renovated five-unit multifamily property in the heart of Venice, California. Located along Venice Boulevard in the sought-after West LA submarket, the property consists of four one-bedroom units and one two-bedroom unit, each thoughtfully upgraded for modern appeal. The building features four garage parking spaces and boasts strong value-add potential, as current rents remain below market levels. Situated less than a mile from Venice Beach and Abbot Kinney Boulevard, residents enjoy unparalleled access to local dining, entertainment, and cultural landmarks. The asset benefits from close proximity to major employers in Silicon Beach and is adjacent to key transportation corridors, including CA-10 and I-405, ensuring convenient connectivity throughout Los Angeles. This investment opportunity combines stable income with future growth upside in one of the most dynamic rental markets on the West Coast.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$847 USD /SF

# OF UNITS

5

PRICE/UNIT

$499,000

CAP RATE

4.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAR4

APN/PARCEL ID

4236-006-006

ASK ABOUT THIS PROPERTY

Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

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Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

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