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923-933 Venice Blvd
Venice, CA 90291

$5,600,000 USD

Apartments For Sale • 11,278 SF

Property Details

Property Type Apartments
Total Building Size 11,278 SF
Lot Size 0.18 AC
Building Class C
Year Built 1925
Cap Rate 3.81 %
Zoning C2, Los Angeles

54 Transit Score

92 Walk Score

                
                    Highlights
                
                                Classic 1920's Architectural Venice Apartment Building
                            
                                Adjacent to an 8-unit building for sale from the same owner
                            
                                Great location a few blocks from Abbot Kinney and Venice Beach
                            
                                Additional passive income from billboard lease of $4,400/month
                            
                                Zoning C2/R4 TOC TIER 3 (Max 33 units)

Financial Summary (Actual)

Net Operating Income: $213,172 USD (2024)

Cap Rate:	3.81 %
Total Expenses:	$149,354 USD

Amenities

Heating
Kitchen
Range

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	11 min	-	6.0 mi
Bob Hope	34 min	-	23.5 mi
Long Beach (Daugherty Field)	33 min	-	25.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Stephen Lampe 310-880-1151 RE/MAX Commercial & Investment Realty

923-933 Venice Blvd Venice, CA 90291