Nansco Management Inc.
Listed by Nansco Management Inc., ADR
$1,595,000
2008 CANAL ST VENICE CA 90291
Details
APN 4238023018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,124
Net Rentable (SqFt) 2,124
Units 2
Cap Rate 4.19%
NOI $66,817
Occupancy 50%
Pro-Forma Cap Rate 6.7%
Pro-Forma NOI $106,798
Price per SqFt $751
Year Built 1980
Buildings 1
Stories 2
Acreage 0.069
Zoning Public Rec
Multifamily | 2 Units | $797,500/unit
Marketing description
Rare opportunity to acquire a side-by-side pair of Venice duplexes - 2008 and 2010 Canal Street - each offered at $1,595,000 and configured as two units plus a permitted ADU. Built in 19791980 and zoned RD2-1-O, these neighboring properties sit steps from the iconic Venice Canals, with walkable access to all Venice has to offer. ADU permits and plans are already issued, providing meaningful upside for the value-add investor or owner-operator. Comparable sales in the immediate area support strong per-unit valuations in one of LA's most supply-constrained coastal submarkets. Available individually or as a combined portfolio - contact us for the full Offering Memorandum.
Investment highlights
- Prime Venice Duplex with Permit & Plans for ADU
Listing Contacts
Nansco Management Inc.
Listed by Nansco Management Inc., ADR
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,817.00
$5,568.08/mo
Valuation Metrics
0
DSCR
4.19%
Cap Rate
4.19%
ROI
Map
Zoning
RD2-1-O ResidentialMulti FamilyRestricted Density Multiple Dwelling Oil Drilling
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View all 674 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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