Log In/Sign Up
Your email has been sent.
1400 Venice Blvd 31 Unit Apartment Building $12,950,000 ($417,742/Unit) 5.30% Cap Rate Venice, CA 90291
Investment Highlights
- Located minutes from Venice Beach, Abbot Kinney Boulevard, and Downtown Culver City.
- Community amenities include gated entry, rooftop deck, barbecue areas, and fitness center.
- Easy access to major highways and public transportation for regional connectivity.
- Walking distance to vibrant dining, shopping, and entertainment options in the Venice neighborhood.
Executive Summary
This Venice multifamily property presents a rare investment opportunity within one of Los Angeles’ most dynamic coastal communities. Positioned near Venice Beach and Downtown Culver City, the asset delivers excellent connectivity to major employment hubs, lifestyle amenities, and popular retail corridors along Abbot Kinney Boulevard. Residents benefit from nearby access to public transit, as well as major freeways including I-10 and I-405, ensuring convenient commuting options throughout the region.
The building comprises renovated one- and two-bedroom units offering modern finishes and practical layouts that appeal to tenants seeking urban convenience and coastal living. Onsite amenities enhance the tenant experience with features such as gated entry, rooftop deck, barbecue areas, and fitness facilities. Proximity to schools, renowned dining, entertainment, and recreational venues positions this property as a compelling long-term hold in a high-demand rental market.
The building comprises renovated one- and two-bedroom units offering modern finishes and practical layouts that appeal to tenants seeking urban convenience and coastal living. Onsite amenities enhance the tenant experience with features such as gated entry, rooftop deck, barbecue areas, and fitness facilities. Proximity to schools, renowned dining, entertainment, and recreational venues positions this property as a compelling long-term hold in a high-demand rental market.
Property Facts
| Price | $12,950,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $417,742 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.30% | Building Size | 24,605 SF |
| Gross Rent Multiplier | 11.65 | Average Occupancy | 94% |
| No. Units | 31 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.51/1,000 SF |
| Zoning | R4-1, Los Angeles | ||
| Price | $12,950,000 |
| Price Per Unit | $417,742 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 11.65 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 24,605 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 1988 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | R4-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Wi-Fi
Site Amenities
- Fitness Center
- Laundry Facilities
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 700 |
| 2+2 | 29 | - | 900 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4236-006-026 | Improvements Assessment | $4,069,800 |
| Land Assessment | $6,104,700 | Total Assessment | $10,174,500 |
Property Taxes
Parcel Number
4236-006-026
Land Assessment
$6,104,700
Improvements Assessment
$4,069,800
Total Assessment
$10,174,500
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1400 Venice Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.