Property listed by Christie's International Real Estate SoCal, Donald Heller 310-893-6223
$2,100,000
Presenting 1914 Pacific Avenue, a well-located 4-unit multifamily property just one block from the beach in the heart of Venice. The unit mix consists of two studios, one 2-bed/1-bath residence, and one 3-bed/2-bath residence, providing a diverse blend of layouts that appeal to a wide tenant base. Fully occupied and… Read More ideally positioned, the property offers immediate income with compelling long-term upside through redevelopment, repositioning, or strategic value-add improvements. Unlike neighboring Santa Monica, where restrictive rent control limits long-term returns, Venice is governed by the City of Los Angeles, allowing comparatively greater flexibility for rent growth. Investors may also consider ADU additions, redevelopment, or repositioning strategies to maximize both value and cash flow. Just steps from the sand and the iconic Venice Boardwalk, tenants enjoy proximity to Abbot Kinney, Rose Avenue, and some of the Westside's most renowned dining and lifestyle destinations, including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This coastal location ensures consistent tenant demand and long-term appreciation. While available individually, 1914 Pacific may also be acquired as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue, providing investors with the opportunity to control a sizable multifamily 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
6
Square Ft.
2,768
Lot Size
0.06 Acres
Year Built
1964
MLS Number
25593455
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
Disposal, Refrigerator
Building
Built in 1964, Building area total: 2,768, Levels: Two, Living area: 2768, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Cooling
None
Floors
Carpet
Heating
WallFurnace
Income
Gross income: $11,701, Net operating income: $111,398
Lot
0.0625 acres, 2,724 square feet, Size: 2,724
Parking
Covered
Property
Zoning: LAR3, None
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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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