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32 N Venice Blvd 4 Unit Apartment Building $3,500,000 ($875,000/Unit) 5.72% Cap Rate Venice, CA 90291
Investment Highlights
- 100% occupied with single tenant with Long-term Stability Lease secured through October 2028
- Tenant responsible for maintenance & operations with Minimal landlord responsibilities (structure + roof only)
- Projected CAP grows to 6.36%
- One 3 Year Option to Extend (FMV) with 3% annual rent increases
- Proven Operator - Well Securitized Lease with additional 3 Personal Guarantees
- LOCATION- Steps from the beach in one of the most dynamic coastal markets in the world!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$236,028
|
$89.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$236,028
|
$89.07
|
| Taxes |
$34,775
|
$13.12
|
| Operating Expenses |
$427
|
$0.16
|
| Total Expenses |
$35,202
|
$13.28
|
| Net Operating Income |
$200,826
|
$75.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $236,028 |
| Annual Per SF | $89.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $236,028 |
| Annual Per SF | $89.07 |
| Taxes | |
|---|---|
| Annual | $34,775 |
| Annual Per SF | $13.12 |
| Operating Expenses | |
|---|---|
| Annual | $427 |
| Annual Per SF | $0.16 |
| Total Expenses | |
|---|---|
| Annual | $35,202 |
| Annual Per SF | $13.28 |
| Net Operating Income | |
|---|---|
| Annual | $200,826 |
| Annual Per SF | $75.78 |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Hardwood Floors
- Refrigerator
- Deck
Site Amenities
- Grill
- Gas Range
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 4 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4226-014-024 | Total Assessment | $2,669,342 |
| Land Assessment | $2,205,110 | Annual Taxes | $34,775 ($13.12/SF) |
| Improvements Assessment | $464,232 | Tax Year | 2025 |
Property Taxes
Parcel Number
4226-014-024
Land Assessment
$2,205,110
Improvements Assessment
$464,232
Total Assessment
$2,669,342
Annual Taxes
$34,775 ($13.12/SF)
Tax Year
2025
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32 N Venice Blvd
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