1922 Canal St - Apartments FOR SALE


Venice, CA 90291
$1,995,000 USD
310-990-2131
1922 Canal St, Venice, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1922 Canal St
Venice, CA 90291


HIGHLIGHTS

  • ADU potential with the 2 garages while keeping 3 car driveway parking
  • Secured Access
  • Tenant occupied 2 bed/2 bath unit at $6,000/month
  • Vacant Remodeled 1 bed/1 bath unit with direct access garage
  • Short walk to Venice Canals, Boardwalk, and Abbot Kinney Blvd
  • Not subject to LA RSO (1980 construction)

OVERVIEW

BUILT IN 1980, NOT SUBJECT TO LA RSO. 1922 Canal St is a duplex with a vacant, fully remodeled 1 bed/1 bath unit on the ground floor with it's own private back patio, and a 2 bed/2 bath, tenant occupied second floor unit with two large patios off the living space and primary bedroom. Each unit is equipped with washer/dryer as well as it's own one car garage with direct access! A driveway large enough to accommodate off street parking for three vehicles enables the ability to add value through an ADU in the existing garages. This opportunity is ideally situated on a tranquil street near the Venice Canals, Ocean Front Walk, and Abbot Kinney Blvd.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$939 USD /SF

# OF UNITS

2

PRICE/UNIT

$997,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

LARD2

APN/PARCEL ID

4238-023-016

ASK ABOUT THIS PROPERTY

Daniel ShiehLyon Stahl Investment Real EstateMore Info
310-990-2131

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Daniel ShiehLyon Stahl Investment Real EstateMore Info
310-990-2131

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