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134 Park Pl
Venice, CA 90291
Venice Beach Park Place Fourplex · Multifamily Property For Sale · 4 Units

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Investment Highlights

  • Front house and two additional units are delivered vacant, plus a vacant garage.
  • Prime Venice location steps from Abbott Kinney with shops and amenities.
  • Interior features include an empty room, open kitchen, and white finishes.
  • Large 3,200 SF corner lot enhances curb appeal and rental demand.
  • A street view shows a wooden fence, trees, and greenery.

Executive Summary

3 UNITS DELIVERED VACANT. Venice Beach fourplex with significant upside and rare owner-user potential. The front house and two additional units will be delivered vacant, along with a vacant garage, offering flexibility to owner-occupy the front residence or reposition the property as a prime income asset. The property also offers future potential to add ADUs. Ideally located just steps from Abbott Kinney, with walkable access to some of Venice's best shops, restaurants, and amenities. Situated on a large 3,200 SF corner lot, the property benefits from strong curb appeal and exceptional rental demand. Only one unit will remain occupied at close of escrow, allowing for renovations and lease-up at current market rents. Directly across the street, a $95M new mixed-use luxury development is underway, bringing additional retail, hotel, and residential uses and further elevating the neighborhood. A rare opportunity to acquire a prime Venice asset with immediate vacancy and upside.

Property Facts

Price Per Unit $473,750
Sale Type Investment
Cap Rate 6.40%
Sale Condition 1031 Exchange
Gross Rent Multiplier 11.7
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.07 AC
Building Size 2,042 SF
Average Occupancy 25%
No. Stories 2
Year Built 1947
Zoning LARD1.5

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $5,700 -
1+1 2 $3,150 -
1+1 3 $2,800 -
1+1 4 $3,150 -

Property Taxes

Property Taxes

Parcel Number
4286-014-037
Land Assessment
$43,363
Improvements Assessment
$43,113
Total Assessment
$86,476
  • Listing ID: 39621928

  • Date on Market: 3/1/2026

  • Last Updated:

  • Address: 134 Park Pl, Venice, CA 90291

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