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27062523
27062524

1916 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
$2,250,000
279 days on market
Updated 94 days ago

1916 Pacific Ave, Venice CA

Details
APN 4238-022-008
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,024
Units 3
Cap Rate 4.00%
NOI $89,791
Occupancy 100%
Price per SqFt $744
Year Built 1970
Buildings 1
Lot Size (SqFt) 2,946
Zoning LAR3

1916 Pacific Avenue | Venice, CA

Marketing description

Presenting 1916 Pacific Avenue, a 3-unit multifamily property ideally located just one block from the beach in the heart of Venice. The unit mix consists of one studio/1-bath, one 2-bed/1-bath residence, and one 2-bed/2-bath residence, offering a versatile blend of layouts that appeal to a broad tenant base. Fully occupied and well-positioned, the property delivers immediate income with attractive long-term upside, whether maintained as-is, redeveloped, or strategically repositioned.

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

Just steps from the sand and the iconic Venice Boardwalk, tenants enjoy walkable access to Abbot Kinney, Rose Avenue, and some of the area’s most 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, 1916 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.

Showings are available only with an accepted LOI or offer. Please do not disturb tenants.

Investment highlights

  • Prime Location: 3-unit multifamily property just one block from the beach in the heart of Venice.

  • Unit Mix: One studio/1-bath, one 2-bed/1-bath, and one 2-bed/2-bath residence—appealing to a broad tenant base.

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

  • Value-Add Potential: Opportunities 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 renowned dining destinations (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

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,791.00
$7,482.58/mo

Valuation Metrics

0
DSCR
3.99%
Cap Rate
3.99%
ROI

Map

Zoning

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R3-1-O ResidentialMulti FamilyMultiple Residential Oil Drilling
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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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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