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34 Dudley Ave 5 Unit Apartment Building $1,995,000 ($399,000/Unit) 3.94% Cap Rate Venice, CA 90291
Investment Highlights
- Beach Views
- Walkable to Dining & Entertainment
- Great Unit Mix
Executive Summary
34 Dudley Avenue is a five-unit multifamily property located just steps from Venice Beach. The property features two studio units, two one-bedroom units, one two-bedroom unit, and three on-site parking spaces.
Its prime coastal location places residents near the Venice Beach Boardwalk, Skatepark, Dudley Market, and popular local dining and entertainment.
INVESTMENT HIGHLIGHTS:
• 5 Units
?• $399,000 PPU?
• $746.63 PPF?• 14.28 GRM?
• (2) Studios+1Bath (2) One-Bedroom + 1Bath 1 Two-Bedroom + 1 Bath
?• 3 Parking Spaces
?• Steps from Venice Beach
LOCATION HIGHLIGHTS
• Steps from the Beach?
• Near Venice Beach Skatepark?
• Close to Dudley Market?
• Near Abbot Kinney?
• Walkable to Dining & Entertainment?
• Easy Access to Santa Monica & Marina del Rey
Please reach out to Koby Sarna for immediate questions.
Its prime coastal location places residents near the Venice Beach Boardwalk, Skatepark, Dudley Market, and popular local dining and entertainment.
INVESTMENT HIGHLIGHTS:
• 5 Units
?• $399,000 PPU?
• $746.63 PPF?• 14.28 GRM?
• (2) Studios+1Bath (2) One-Bedroom + 1Bath 1 Two-Bedroom + 1 Bath
?• 3 Parking Spaces
?• Steps from Venice Beach
LOCATION HIGHLIGHTS
• Steps from the Beach?
• Near Venice Beach Skatepark?
• Close to Dudley Market?
• Near Abbot Kinney?
• Walkable to Dining & Entertainment?
• Easy Access to Santa Monica & Marina del Rey
Please reach out to Koby Sarna for immediate questions.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$137,772
|
$51.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,133
|
$1.55
|
| Effective Gross Income |
$133,639
|
$50.01
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$55,095
|
$20.62
|
| Net Operating Income |
$78,544
|
$29.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $137,772 |
| Annual Per SF | $51.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,133 |
| Annual Per SF | $1.55 |
| Effective Gross Income | |
|---|---|
| Annual | $133,639 |
| Annual Per SF | $50.01 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $55,095 |
| Annual Per SF | $20.62 |
| Net Operating Income | |
|---|---|
| Annual | $78,544 |
| Annual Per SF | $29.40 |
Property Facts
| Price | $1,995,000 | Property Subtype | Apartment |
| Price Per Unit | $399,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.94% | Lot Size | 0.08 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,672 SF |
| Gross Rent Multiplier | 14.48 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.12/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $1,995,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| Cap Rate | 3.94% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.48 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,672 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 350 |
| 1+1 | 2 | - | 600 |
| 2+1 | 1 | - | 800 |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4286-021-013 | Improvements Assessment | $306,000 |
| Land Assessment | $1,632,000 | Total Assessment | $1,938,000 |
Property Taxes
Parcel Number
4286-021-013
Land Assessment
$1,632,000
Improvements Assessment
$306,000
Total Assessment
$1,938,000
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