1917 and 1921 Canal Street 1917 Canal St 9 Unit Apartment Building $5,999,000 ($666,556/Unit) Venice, CA 90291
EXECUTIVE SUMMARY
1917 and 1921 Canal Street are two (2) identical 9-unit buildings for sale in the heart of Venice Beach. Each listed for sale for $2,995,000. They can be purchased together for $5,999,000 or separately. Excellent opportunity to purchase two side by side buildings close to Venice Beach, the Venice Canals, and Abbot Kinney!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $5,999,000 |
| Price Per Unit | $666,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 12,822 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R4-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $3,955 | - |
| 1+1 | 5 | $9,173 | - |
| 2+2 | 1 | $1,648 | - |
1 of 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $632,850 | |
| Land Assessment | $1,567,106 | Total Assessment | $2,199,956 |
