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1916 Pacific Ave 3 Unit Apartment Building $2,250,000 ($750,000/Unit) Venice, CA 90291
Investment Highlights
- Three-Unit Multifamily Property Located Just One Block From The Beach In Prime Venice.
- City Of Los Angeles Jurisdiction Provides Greater Flexibility For Rent Growth.
- Walkable To Venice Boardwalk, Abbot Kinney, Rose Avenue, And Top Dining.
- Fully Occupied Asset Delivering Immediate Income With A Diverse Unit Mix.
- Multiple Value-Add Opportunities Including ADU Potential Or Redevelopment.
Executive Summary
1916 Pacific Avenue is a 3-unit multifamily property just one block from the beach in Venice, featuring a studio, a 2-bed/1-bath, and a 2-bed/2-bath unit for a versatile tenant mix. Fully occupied and income-producing, the property offers immediate returns with long-term upside through ADU additions, redevelopment, or repositioning, supported by the flexibility of City of Los Angeles rent control versus neighboring Santa Monica. With walkable access to the Venice Boardwalk, Abbot Kinney, Rose Avenue, and top dining and nightlife, this prime location ensures strong tenant demand and lasting appreciation. Available individually or as part of a rare 17-unit, 5-parcel portfolio on Pacific Avenue.
Property Facts
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $750,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 3 | Building Size | 3,024 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $2,250,000 |
| Price Per Unit | $750,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,024 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 4238-022-008 | Improvements Assessment | $96,074 |
| Land Assessment | $54,145 | Total Assessment | $150,219 |
Property Taxes
Parcel Number
4238-022-008
Land Assessment
$54,145
Improvements Assessment
$96,074
Total Assessment
$150,219
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1916 Pacific Ave
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