Property listed by Christie's International Real Estate SoCal, Donald Heller 310-893-6223
$1,650,000
Presenting 1912 Pacific Avenue, a 2-unit multifamily property ideally located in the heart of Venice, just one block from the beach. The unit mix consists of two 2-bed/1-bath residences, offering well-sized layouts that cater to strong tenant demand in this highly desirable coastal market. Fully occupied and well-positioned, the property… Read More provides immediate income with significant long-term upside, whether held as-is, redeveloped, or strategically repositioned. Unlike neighboring Santa Monica, where restrictive rent control caps long-term upside, Venice is governed by the City of Los Angeles, providing comparatively greater flexibility for rent growth. Investors may also pursue ADU additions, redevelopment, or repositioning strategies to enhance both value and cash flow. Steps from the sand and the iconic Venice Boardwalk, tenants benefit from close proximity to Abbot Kinney, Rose Avenue, and a host of celebrated 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, 1912 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 multifamily footprint in Venice. Read Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,499
Lot Size
0.06 Acres
Year Built
1955
MLS Number
25593451
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 1955, Building area total: 1,499, Levels: Two, Living area: 1499, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Cooling
None
Fireplaces
LivingRoom
Floors
Carpet, Laminate
Heating
WallFurnace
Income
Gross income: $6,380, Net operating income: $61,053
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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