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27062281
27062279

1912 Pacific Ave, Los Angeles, CA 90291

DH
CA CA 01198240
Don Heller Group | Christie's International Real Estate AKG
Listed by Don Heller Group | Christie's International Real Estate AKG
$1,650,000
261 days on market
Updated 76 days ago

1912 Pacific Ave Venice, CA

Details
APN 4238-022-010
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,499
Units 2
Cap Rate 3.70%
NOI $61,053
Occupancy 100%
Year Built 1955
Buildings 1
Lot Size (SqFt) 2,725
Zoning LAR3

1912 Pacific Avenue | Venice, CA

Marketing description

Presenting 1912 Pacific Avenue, a 2-unit multifamily property ideally located in the heart of Venice, just one block from the beach. The unit mix consists of two 2-bed/1-bath residences, offering well-sized layouts that cater to strong tenant demand in this highly desirable coastal market. Fully occupied and well-positioned, the property provides immediate income with significant long-term upside, whether held as-is, redeveloped, or strategically repositioned.

Unlike neighboring Santa Monica, where restrictive rent control caps long-term upside, Venice is governed by the City of Los Angeles, providing comparatively greater flexibility for rent growth. Investors may also pursue ADU additions, redevelopment, or repositioning strategies to enhance both value and cash flow.

Steps from the sand and the iconic Venice Boardwalk, tenants benefit from close proximity to Abbot Kinney, Rose Avenue, and a host of celebrated dining destinations including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This prime location ensures consistent tenant demand and long-term appreciation.

While available individually, 1912 Pacific may also be acquired as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue—offering investors the opportunity to control a sizable multifamily footprint in Venice.

Investment highlights

  • Prime Location: 2-unit multifamily property in the heart of Venice, just one block from the beach.

  • Unit Mix: Two 2-bed/1-bath residences with well-sized layouts appealing to strong tenant demand.

  • Income Producing: Fully occupied, providing immediate rental income.

  • Value-Add Potential: Options for redevelopment, repositioning, or ADU additions to boost value and cash flow.

  • Regulatory Advantage: Governed by the City of Los Angeles (not Santa Monica), allowing greater rent growth flexibility.

  • Tenant Appeal: Steps from the sand, Venice Boardwalk, Abbot Kinney, Rose Avenue, and top dining spots (Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, Belles Beach House).

  • Investment Scale: Available individually or as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue.

Listing Contacts

DH
CA CA 01198240
Don Heller Group | Christie's International Real Estate AKG
Listed by Don Heller Group | Christie's International Real Estate AKG

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,053.00
$5,087.75/mo

Valuation Metrics

0
DSCR
3.7%
Cap Rate
3.7%
ROI

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Additional Information

Name
Donald Heller
License
CA 01198240
Brokerage
Christie's International Real Estate Socal
Brokerage Phone
424-655-3867
Title
Real Estate Agent
Brokerage Address
11911 San Vicente Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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