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1918 Canal St 2 Unit Apartment Building $1,595,000 ($797,500/Unit) 4.39% Cap Rate Venice, CA 90291
Investment Highlights
- Prime duplex with one vacant 2 bed/2 bath
- Premier Venice Canals Location
- Approved & Paid ADU Permit
Executive Summary
Rare Side-by-Side Venice Duplex Opportunity – 1918 & 1920 Canal - Available Individually or Together - $1,595,000 Each
Calling all owner/users and investors - 1918 Canal Street in Venice, CA presents a prime duplex opportunity in one of Los Angeles’ most desirable rental markets. The property features a downstairs 1-bedroom unit (currently rented) and an upstairs 2-bedroom unit, each with in-unit laundry and private outdoor space. The building is non-RSO and includes one approved permit for a studio ADU - ready to unlock additional rental income or flexible live/work possibilities.
This property is perfectly suited for an owner-user looking to occupy the upstairs unit while generating income from the others, or for investors seeking reliable returns in a premier coastal location. With Venice rents among the highest on the Westside and demand consistently supported by limited supply, the property offers both short-term cash flow and long-term appreciation in a blue-chip submarket.
Drive-by only – please do not disturb occupants. Contact for OM.
Calling all owner/users and investors - 1918 Canal Street in Venice, CA presents a prime duplex opportunity in one of Los Angeles’ most desirable rental markets. The property features a downstairs 1-bedroom unit (currently rented) and an upstairs 2-bedroom unit, each with in-unit laundry and private outdoor space. The building is non-RSO and includes one approved permit for a studio ADU - ready to unlock additional rental income or flexible live/work possibilities.
This property is perfectly suited for an owner-user looking to occupy the upstairs unit while generating income from the others, or for investors seeking reliable returns in a premier coastal location. With Venice rents among the highest on the Westside and demand consistently supported by limited supply, the property offers both short-term cash flow and long-term appreciation in a blue-chip submarket.
Drive-by only – please do not disturb occupants. Contact for OM.
Property Facts
| Price | $1,595,000 | Apartment Style | Garden |
| Price Per Unit | $797,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.39% | Building Size | 2,107 SF |
| Gross Rent Multiplier | 15.65 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Zoning | LARD2 - multifamily residential | ||
| Price | $1,595,000 |
| Price Per Unit | $797,500 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 15.65 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,107 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LARD2 - multifamily residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 850 |
| 2+2 | 1 | - | 1,200 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4238-023-014 | Improvements Assessment | $307,852 |
| Land Assessment | $923,565 | Total Assessment | $1,231,417 |
Property Taxes
Parcel Number
4238-023-014
Land Assessment
$923,565
Improvements Assessment
$307,852
Total Assessment
$1,231,417
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