923-933 Venice Blvd | Venice, CA 90291
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923-933 Venice Blvd
Venice, CA 90291
Multifamily Property For Sale · 15 Units
INVESTMENT HIGHLIGHTS
- Classic 1920's Architectural Venice Apartment Building
- Great location a few blocks from Abbot Kinney and Venice Beach
- Zoning C2/R4 TOC TIER 3 (Max 33 units)
- Adjacent to an 8-unit building for sale from the same owner
- Additional passive income from billboard lease of $4,400/month
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | £296,909 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Net Initial Yield | 3.81% | Building Size | 11,278 SF |
| Gross Rent Multiplier | 15.18 | Average Occupancy | 100% |
| No. Units | 15 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.27/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | £296,909 |
| Sale Type | Investment |
| Net Initial Yield | 3.81% |
| Gross Rent Multiplier | 15.18 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 11,278 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.27/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 3 | £1,341 | - |
| 1+1 | 10 | £1,366 | - |
| 2+1 | 2 | £1,515 | - |
PROPERTY TAXES
| Parcel Number | 4241-035-008 | Improvements Assessment | £338,771 |
| Land Assessment | £813,064 | Total Assessment | £1,151,836 |
PROPERTY TAXES
Parcel Number
4241-035-008
Land Assessment
£813,064
Improvements Assessment
£338,771
Total Assessment
£1,151,836
ZONING
| Zoning Code | C2, Los Angeles |
| C2, Los Angeles |
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