1921 Canal St - Apartments FOR SALE


Venice, CA 90291
$2,995,000 USD
310-383-8111
1921 Canal St, Venice, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/12
null | 3.8% Cap Rate

1921 Canal St
Venice, CA 90291


HIGHLIGHTS

  • 9-unit building two blocks to Venice Canals and Venice Beach
  • Identical building next store available for Sale
  • Excellent 1031 Exchange purchase

OVERVIEW

Excellent opportunity to purchase a 9-unit building a few blocks from the famous Venice Canals, and the Ocean. 1917 Canal Street is available for sale as well. Identical unit mix and square footage. Both Buildings are Fully leased and can be purchased together or separately. Some units have been updated. Most rents under market value with big upside when units become vacant. 8 parking spots allocated to tenants for each building. See Income and unit breakdowns. Inside with accepted offer. See drone video via link here. https://www.dropbox.com/scl/fi/nmt3nnnq86h5bdht0ejl7/1917-1921-Canal-Street-Venice-Drone-R1.mp4?rlkey=hfl2br3xdybr3yf2cggx9qqb4&e=1&dl=0

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

9

PRICE/UNIT

$332,778

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1921 Canal St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,934 SF

ZONING

-

APN/PARCEL ID

4238-022-033

ASK ABOUT THIS PROPERTY

Jeff KoneckeJeff KoneckeMore Info
310-383-8111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff KoneckeJeff KoneckeMore Info
310-383-8111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.