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1500 Venice Blvd 9 Unit Apartment Building $3,350,000 ($372,222/Unit) 5.28% Cap Rate Venice, CA 90291
Investment Highlights
- Highly visible Venice Boulevard frontage in an active commercial corridor.
- Excellent access to major traffic arteries including Lincoln Boulevard and the 10 Freeway.
- Located within minutes of Venice Beach, Culver City, and Marina del Rey.
- Surrounded by strong residential density and established retail destinations.
Executive Summary
1500 Venice Boulevard presents a significant ownership opportunity in the vibrant Venice neighborhood of Los Angeles. This commercial property spans 7,512 square feet, offering flexible configurations for businesses looking to situate themselves in one of the most dynamic and desirable markets in Southern California. Positioned within walking distance to premier retail corridors and minutes from Venice Beach, the property provides exceptional access to the Westside’s extensive amenities, diverse dining options, and a robust customer base.
The site benefits from strong transit connectivity with proximity to major thoroughfares such as Venice Boulevard, Lincoln Boulevard, and quick access to the 10 Freeway, ensuring ease of mobility throughout the Los Angeles area. Its location places owners in the heart of a bustling residential and commercial hub, providing consistent foot traffic and visibility critical for both retailers and service providers.
The site benefits from strong transit connectivity with proximity to major thoroughfares such as Venice Boulevard, Lincoln Boulevard, and quick access to the 10 Freeway, ensuring ease of mobility throughout the Los Angeles area. Its location places owners in the heart of a bustling residential and commercial hub, providing consistent foot traffic and visibility critical for both retailers and service providers.
Property Facts
| Price | $3,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $372,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.28% | Building Size | 7,512 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 93% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Zoning | R4-1 | ||
| Price | $3,350,000 |
| Price Per Unit | $372,222 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,512 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | R4-1 |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4236-006-021 | Improvements Assessment | $2,356,200 |
| Land Assessment | $1,009,800 | Total Assessment | $3,366,000 |
Property Taxes
Parcel Number
4236-006-021
Land Assessment
$1,009,800
Improvements Assessment
$2,356,200
Total Assessment
$3,366,000
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1500 Venice Blvd
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