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23 19th Ave 6 Unit Apartment Building $2,350,000 ($391,667/Unit) Venice, CA 90291
INVESTMENT HIGHLIGHTS
- 6 units in Venice on a "Walk Street"
- Copper plumbing
- Steps to the beach
- Long term owner with below market rents
- Earthquake retrofitted
EXECUTIVE SUMMARY
Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 4 -Singles, 2 of them have a sun porch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 40 years) with below market rents. The building has copper plumbing. Two of the units (units 2 & 4) have been completely remodeled. Two other units (units 3 & 5) have been partially remodeled including hardwood floors. Master metered for electricity. Individually metered for gas. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $450/mo. for parking from 3 of the tenants. The building was earthquake retrofitted in 1994. You can't beat the location, close to the Venice Boardwalk, Santa Monica Pier and Muscle Beach.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $391,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 14 | Building Size | 2,765 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,350,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 14 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,765 SF |
| No. Stories | 2 |
| Year Built | 1908 |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 1 |
| 1+1 | 1 | - | 1 |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 4226-011-013 | Total Assessment | $270,945 (2025) |
| Land Assessment | $180,721 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $90,224 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4226-011-013
Land Assessment
$180,721 (2025)
Improvements Assessment
$90,224 (2025)
Total Assessment
$270,945 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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23 19th Ave
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