534 Broadway St - Apartments FOR SALE


Venice, CA 90291
$3,990,000 USD
534 Broadway St, Venice, CA for Sale
$3,990,000 USD
Apartments - FOR SALE
1/52
null | 3.76% Cap Rate

534 Broadway St
Venice, CA 90291


HIGHLIGHTS

  • 4-unit — rare owner-user or repositioning opportunity
  • Prime Venice: 4 blocks to beach, 1 block to Abbot Kinney
  • Proforma upside to 4.28% cap ($240K/yr gross)
  • Freshly painted in/out · elastomeric-coated roof
  • Westminster Elementary · transit off Lincoln Blvd
  • Walk to Ralphs, Erewhon & Whole Foods

OVERVIEW

Prime beachside 4-unit multifamily just 4 blocks from Venice Beach and 1 block from Abbott Kinney Blvd. Built 1964, 4,428 SF across four vacant, move-in-ready units in one of LA's most sought-after coastal neighborhoods. Freshly painted interior and exterior with an elastomeric-coated roof. Steps from Ralphs, Erewhon, and Whole Foods, near Westminster Elementary, walkable to shops, cafés, and the boardwalk. 2025 actual gross income $219,000/yr (3.76% cap) with proforma upside to $240,000/yr (4.28% cap). Public records show 12 bedrooms; currently configured as 10. Ideal for owner-occupants or investors seeking a rare vacant coastal asset.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$901 USD /SF

# OF UNITS

4

PRICE/UNIT

$997,500

CAP RATE

3.76%

% 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

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,184 SF

ZONING

LARD1.5

APN/PARCEL ID

4239-020-009

ASK ABOUT THIS PROPERTY

Potjanee SrisaereenuwatDilbeck Real EstateMore Info

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