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2113 Venice Blvd 8 Unit Apartment Building $1,895,000 ($236,875/Unit) 5.87% Cap Rate Los Angeles, CA 90006



Executive Summary
Nestled in the vibrant Mid–Los Angeles neighborhood, this charming 8-unit property at 2113 Venice Boulevard offers a compelling investment opportunity. Comprised of two separate structures with four units each, the property features a desirable unit mix of seven one-bedroom, one-bath units and one spacious two-bedroom, two-bath unit, catering to a broader tenant base. The total living area spans approximately 5,858 square feet on a generous 7,294-square-foot lot. The property generates approximately $144,588 in annual rental income and includes four assigned parking spaces for added convenience. Ideally situated, this location blends the accessibility of Mid-City with close proximity to the vibrant cultural and culinary hub of nearby Koreatown. Residents benefit from easy access to dining, entertainment, and major transit corridors, while investors will appreciate the consistent rental demand driven by this central location. With no soft-story retrofit required, the asset is well-positioned for ease of ownership and long-term stability. This is a prime opportunity to acquire a well-located multifamily property in one of Los Angeles’ most dynamic and evolving neighborhoods.
Property Facts
| Price | $1,895,000 | Building Class | C |
| Price Per Unit | $236,875 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,858 SF |
| Cap Rate | 5.87% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 0.68/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C1, Los Angeles - Limited Commercial | ||
| Price | $1,895,000 |
| Price Per Unit | $236,875 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,858 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1913 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | C1, Los Angeles - Limited Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+2 | 1 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5074-008-014 | Improvements Assessment | $269,041 |
| Land Assessment | $627,771 | Total Assessment | $896,812 |
Property Taxes
Parcel Number
5074-008-014
Land Assessment
$627,771
Improvements Assessment
$269,041
Total Assessment
$896,812
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2113 Venice Blvd
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