20 Brooks Ave 18 Unit Apartment Building $5,600,000 ($311,111/Unit) 5.48% Cap Rate Venice, CA 90291

• Rare 18-unit multifamily investment located just one block from the beach in the heart of Venice
• Ideally situated steps from the infamous Abbot Kinney Boulevard, home to many of Los Angeles' most popular restaurants, cafes, and boutiques, including Gjelina, Erewhon, Barrique, Felix Trattoria, RVR, and The Butcher's Daughter
• Competitively priced at $311,111 per unit, with an in-place cap rate of 5.48% and the opportunity to achieve a 7.64% pro forma cap rate
• First time on the market in 23 years, presenting a rare opportunity to acquire a turnkey asset in the prime Venice Beach
• Residents benefit from a rooftop deck with panoramic ocean views, a community laundry room, and 1 parking spot
• Diverse unit mix consisting of (9) studios, (7) one-bedroom, one-bathroom, and (2) two-bedroom, one-bathroom floor plans
• Boasting a Walk Score of 94 and a Bike Score of 100, the property is just one block from the Venice Boardwalk, offering residents direct access to a year-round outdoor lifestyle
Located just one block from the beach in Venice, this 18-unit property offers an exceptional opportunity to acquire a coastal multifamily asset in one of Los
Angeles’ most iconic and supply-constrained neighborhoods. The unit mix includes (9) studios, (7) one-bedroom/one-bath, and (2) two-bedroom, one-bath units, appealing to the area's diverse, lifestyle-driven renter base. Residents enjoy access to a rooftop deck with ocean breezes and panoramic views, all within steps of Abbot Kinney Boulevard’s renowned upscale dining and boutique shopping.