30 S Venice Blvd
Venice, CA 90291
Multifamily Property For Sale · 5 Units
INVESTMENT HIGHLIGHTS
- Half a Block From the Beach
- 14.93 GRM with 44% Upside in Rents
- Prime Venice Beach, CA
EXECUTIVE SUMMARY
Discover a rare investment opportunity in the heart of Venice Beach with 30 S Venice Blvd, a charming 5-unit apartment building perfectly situated just steps from the iconic Venice Canals and a short walk to the beach. This property offers a desirable mix of unit types, catering to a variety of tenants seeking the quintessential Venice lifestyle. With its prime location, timeless appeal, and steady rental demand, 30 S Venice Blvd is an exceptional asset for investors looking to own in one of Los Angeles’ most sought-after neighborhoods.
PROPERTY FACTS
| Price Per Unit | $440,000 |
| Sale Type | Investment |
| Cap Rate | 3.97% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.93 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,040 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.6/1,000 SF |
UNIT AMENITIES
- Balcony
- Cable Ready
- Oven
- Tub/Shower
- Pantry
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 4226-015-020 | Improvements Assessment | $252,609 |
| Land Assessment | $759,323 | Total Assessment | $1,011,932 |
ZONING
| Zoning Code | R3-1-0, Los Angeles (LAR3*) |
