923-933 Venice Blvd - Apartments FOR SALE


Venice, CA 90291
$5,600,000 USD
310-880-1151
923-933 Venice Blvd, Venice, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/33
null | 3.81% Cap Rate

923-933 Venice Blvd
Venice, CA 90291


HIGHLIGHTS

  • Classic 1920's Architectural Venice Apartment Building
  • Adjacent to an 8-unit building for sale from the same owner
  • Great location a few blocks from Abbot Kinney and Venice Beach
  • Additional passive income from billboard lease of $4,400/month
  • Zoning C2/R4 TOC TIER 3 (Max 33 units)

OVERVIEW

923-933 Venice Boulevard in Venice, CA, is a classic 1920s architectural apartment building. This property, located just a few blocks from Abbot Kinney and Venice Beach, offers an excellent location. It is adjacent to an 8-unit building also for sale by the same owner. The property provides additional passive income from a billboard lease, generating $4,400 per month. The zoning is C2/R4 TOC Tier 3, allowing for a maximum of 33 units.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

15

PRICE/UNIT

$373,333

CAP RATE

3.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,653 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

4241-035-008

ASK ABOUT THIS PROPERTY

Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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