$3,500,000

Estimated payment $21,415/month

Total Views 1,204
7 Beds
5 Baths
2,608 Sq Ft
$1,342 Price per Sq Ft

Highlights

  • Wood Flooring
  • Side by Side Parking
  • Outdoor Grill
  • Venice High School Rated A
  • Attached Carport
  • Forced Air Heating and Cooling System

About This Home

32 N Venice Blvd presents a rare opportunity to acquire a fully leased 4-unit multifamily asset in the heart of Venice Beach. The property is secured by a long-term master lease to a Sober Living operator, delivering stable, passive income with minimal landlord responsibilities. With 3% annual rent increases, strong guarantor backing, and a prime coastal location, this asset offers a bond-like investment profile with built-in yield growth. The investment is particularly well suited for 1031 exchange buyers seeking a secure, low-management replacement asset, combining predictable income, limited operational burden, and long-term appreciation potential in a premier coastal market.

Listing Agent

Drew Glickman

eXp Realty of Greater Los Angeles License #01493846 Listed on: 04/17/2026

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Attached Carport
  • Side by Side Parking
  • Tandem Parking
  • Off-Site Parking

Additional Features

  • Outdoor Grill
  • 2,491 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-014-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

2,491 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2608
  • Lot Acreage: 0.0572
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Hardwood, Linoleum, Tile, Wood
  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Equipment: Barbeque, Dishwasher, Garbage Disposal, Microwave, Washer, Dryer, Refrigerator, Range/Oven
  • Price Per S Q F T: 1342.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Carport Attached, Covered Parking, Offsite, Side By Side, Tandem
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air

Lot Info

  • Assessed Improvement Percent: 17.39
  • Assessed Improvement Value: 464232
  • Assessed Land Percent: 82.61
  • Assessed Land Value: 2205110
  • Total Assessed Value: 2669342
  • Assessor Parcel Number: 4226-014-024
  • Lot Size Area: 2491

Rental Info

  • Tenant Pays: Electricity, Exterior Maintenance, Gardener, Gas, Insurance, Water, Trash Collection

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.83
  • Number Of Units: 4
  • Type Of Units: Residential

Tax Info

  • Tax Expense: 34775.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $34,311 $2,669,342 $2,205,110 $464,232
2024 $34,311 $2,617,003 $2,161,873 $455,130
2023 $33,582 $2,565,690 $2,119,484 $446,206
2022 $32,124 $2,515,383 $2,077,926 $437,457
2021 $31,765 $2,466,063 $2,037,183 $428,880
2019 $30,881 $2,392,920 $1,976,760 $416,160
2018 $30,682 $2,346,000 $1,938,000 $408,000
2016 $22,756 $1,888,365 $1,624,400 $263,965
2015 $22,722 $1,885,283 $1,536,916 $348,367
2014 $22,805 $1,848,353 $1,506,810 $341,543
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 For Sale $3,500,000 -- $1,342 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed -- Commonwealth Title Co
Interfamily Deed Transfer -- Commonwealth Title Co
Grant Deed -- Commonwealth Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Orange Coast Title Company
Executors Deed $700,500 Equity Title
Grant Deed $317,000 South Coast Title Company
Grant Deed $245,000 South Coast Title
Trustee Deed $228,124 Chicago Title Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,160,000 Negative Amortization
Previous Owner $1,160,000 Negative Amortization
Previous Owner $780,000 Purchase Money Mortgage
Previous Owner $500,000 No Value Available
Previous Owner $253,600 No Value Available
Previous Owner $171,500 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 26748257

The MLS

APN: 4226-014-024

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