Property listed by Christie's International Real Estate SoCal, Donald Heller 310-893-6223
$1,750,000
Presenting 1904 Pacific Avenue, a 4-unit multifamily property ideally located in the heart of Venice, just one block from the beach. The unit mix consists of two studio/1-bath and two spacious 2-bed/1-bath units, providing a balanced blend of rental options for strong tenant demand. Fully occupied and well-positioned, this property… Read More offers immediate income with exceptional potential for redevelopment, repositioning, or long-term hold, capitalizing on enduring coastal appeal in one of Los Angeles' most sought-after rental markets. Unlike neighboring Santa Monica, where restrictive rent control caps long-term upside, Venice is governed by the City of Los Angeles, allowing comparatively greater flexibility for rent growth. Investors can also explore ADU additions, redevelopment, or strategic repositioning, striking a balance between stability and meaningful income growth potential. Steps from the sand and the iconic Venice Boardwalk, tenants enjoy proximity to Abbot Kinney, Rose Avenue, and an array of renowned dining destinations, including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This prime location ensures consistent tenant demand and long-term appreciation. While available individually, 1904 Pacific may also be acquired as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue offering investors the opportunity to control a sizable footprint in Venice.Showings are available only with an accepted LOI or offer. Please do not disturb tenants. Read Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,528
Lot Size
0.06 Acres
Year Built
1965
MLS Number
25593441
30 Days Snapshot Of 90291
$2.07M
-5%
(avg) sold price
12
-45%
homes sold
88
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1965, Building area total: 2,528, Levels: Two, Living area: 2528, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Cooling
None
Heating
WallFurnace
Income
Gross income: $8,339, Net operating income: $71,902
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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