$2,497,500
$498K PRICE DROP

Estimated payment $16,106/month

Total Views 4,327
7 Beds
10 Baths
6,411 Sq Ft
$390 Price per Sq Ft

Highlights

  • Space Heater
  • Venice High School Rated A
  • 5-minute walk to Windward Plaza

About This Home

Price Improvement! Excellent opportunity to purchase a 9-unit building a few blocks from the famous Venice Canals, Ocean Front Walk, and you can purchase the building right next store, 1921 Canal Street, which is also available (also 9-units, Identical unit mix and square footage, can be purchased together or separately). Both Buildings are Fully leased. Some units have been updated. Current Rents well under market value with big upside when units become vacant (Projected at more than 90%). 8 parking spots allocated to tenants for each building. See Income and unit breakdowns. Inside with accepted offer.

Listing Agent

Jeff Konecke

Dogtown Realty License #01355867 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,981 Sq Ft Lot
  • Lot Dimensions are 60x100

Interior Spaces

  • 6,411 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway

Utilities

  • Space Heater

Community Details

  • 9 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4238-022-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6411
  • Lot Acreage: 0.1373
  • Lot Dimensions: 60x100
  • Stories: 2
  • Year Built: 1972
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 389.56

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Driveway
  • Total Parking: 8

Utilities

  • Heating: Space Heater

Lot Info

  • Assessed Improvement Percent: 28.77
  • Assessed Improvement Value: 316425
  • Assessed Land Percent: 71.23
  • Assessed Land Value: 783553
  • Total Assessed Value: 1099978
  • Assessor Parcel Number: 4238-022-033
  • Lot Size Area: 5981

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.90
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 45224
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $2,497,500 -9.1% $390 / Sq Ft
05/09/2025 05/09/25 Price Changed $2,749,000 -8.2% $429 / Sq Ft
04/03/2025 04/03/25 For Sale $2,995,000 -- $467 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25520233

The MLS