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2403 Louella Ave 5 Unit Apartment Building $2,495,000 ($499,000/Unit) 4.10% Cap Rate Venice, CA 90291
Investment Highlights
- Prime West LA Location Along Venice Blvd with All Renovated Units
- Less than a Mile Away from the Famous Venice Beach & Boardwalk and in Close Proximity to other well-known Surrounding Amenities and Locations
- Down the Street from CA 10 and 405 Freeway and 7 Miles Away from LAX
- Ideal Location in the Heart of Silicon Beach's "Tech Hub" with Close Proximity to Major Employers (Snap Chat, Google, System1, Headspace, and More)
- Adjacent to Culver City, Marina Del Rey, and Santa Monica
- 2.5 Miles Away from Santa Monica Airport, 4.5 Miles Away from WLAC, 8 Miles Away from UCLA
Executive Summary
2403 Louella Avenue presents a rare opportunity to acquire a fully renovated five-unit multifamily property in the heart of Venice, California. Located along Venice Boulevard in the sought-after West LA submarket, the property consists of four one-bedroom units and one two-bedroom unit, each thoughtfully upgraded for modern appeal. The building features four garage parking spaces and boasts strong value-add potential, as current rents remain below market levels. Situated less than a mile from Venice Beach and Abbot Kinney Boulevard, residents enjoy unparalleled access to local dining, entertainment, and cultural landmarks. The asset benefits from close proximity to major employers in Silicon Beach and is adjacent to key transportation corridors, including CA-10 and I-405, ensuring convenient connectivity throughout Los Angeles. This investment opportunity combines stable income with future growth upside in one of the most dynamic rental markets on the West Coast.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $499,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.10% | Building Size | 2,947 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | LAR4 - Multifamily | ||
| Price | $2,495,000 |
| Price Per Unit | $499,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,947 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | LAR4 - Multifamily |
Amenities
- Smoke Detector
Unit Amenities
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Yard
- Double Pane Windows
- Garden
- Lawn
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4236-006-006 | Total Assessment | $1,706,992 |
| Land Assessment | $1,539,216 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $167,776 | Tax Year | 2025 |
Property Taxes
Parcel Number
4236-006-006
Land Assessment
$1,539,216
Improvements Assessment
$167,776
Total Assessment
$1,706,992
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2403 Louella Ave
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