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134 Park Pl - Venice Beach Park Place Fourplex 4 Unit Apartment Building Offered at $1,795,000 at a 6.76% Cap Rate Venice, CA 90291
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$120,960
|
$59.24
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $120,960 |
| Annual Per SF | $59.24 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $4,250 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4286-014-037 | Improvements Assessment | $43,113 |
| Land Assessment | $43,363 | Total Assessment | $86,476 |
Property Taxes
Parcel Number
4286-014-037
Land Assessment
$43,363
Improvements Assessment
$43,113
Total Assessment
$86,476
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134 Park Pl - Venice Beach Park Place Fourplex
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