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614 6th Ave
Venice, CA 90291
5 Unit in Venice | 5.74% Cap Rate & 11.67 GRM · Multifamily Property For Sale
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5 Units
Investment Highlights
- A Brand-New Roof (2025) and Upgraded Electrical Panels (2025) Provide an Excellent Physical Plant for New Ownership.
- Operating at a Current 5.74% Cap Rate with Additional Upside, This Would be the Highest Cap Rate for a Multi-Family Transaction in Venice in 2024
- The Government-Required Seismic Retrofit Work Has Been Completed, Saving a New Investor Substantial Capital and Time.
- Select Units have Stainless Steel Kitchen Appliances, In Unit Washers/Dryers, New Paint, Upgraded Kitchens & Finishes
- Long Term Ownership, Family Owned and Operated and Has Not Been on Market in Over 20 Years
- Located in a Sought-After Pocket of Venice, Minutes from Rose Avenue, Abbot Kinney, and Venice Boulevard, with Easy Access to Restaurants, Bars, Gyms
Property Facts
| No. Units | 5 | Building Size | 5,608 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.71/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | LARD1 5 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,608 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | LARD1 5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Number | 4240-013-004 | Improvements Assessment | $1,173,000 |
| Land Assessment | $1,734,000 | Total Assessment | $2,907,000 |
Property Taxes
Parcel Number
4240-013-004
Land Assessment
$1,734,000
Improvements Assessment
$1,173,000
Total Assessment
$2,907,000
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