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$ 1,940,000
$ 2,100,000 7.6%
Est. payment | /mo
6 Beds
4 Baths
2,768 SqFt
$ 1,940,000
$ 2,100,000 7.6%
Est. payment | /mo
6 Beds
4 Baths
2,768 SqFt
Key Details
Sold Price $1,940,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,768 sqft
Price per Sqft $700
MLS Listing ID 25593455
Bedrooms 6
Year Built 1964
Property Description
Presenting 1914 Pacific Avenue, a well-located 4-unit multifamily property just one block from the beach in the heart of Venice. The unit mix consists of two studios, one 2-bed/1-bath residence, and one 3-bed/2-bath residence, providing a diverse blend of layouts that appeal to a wide tenant base. Fully occupied and ideally positioned, the property offers immediate income with compelling long-term upside through redevelopment, repositioning, or strategic value-add improvements. Unlike neighboring Santa Monica, where restrictive rent control limits long-term returns, Venice is governed by the City of Los Angeles, allowing comparatively greater flexibility for rent growth. Investors may also consider ADU additions, redevelopment, or repositioning strategies to maximize both value and cash flow. Just steps from the sand and the iconic Venice Boardwalk, tenants enjoy proximity to Abbot Kinney, Rose Avenue, and some of the Westside's most renowned dining and lifestyle destinations, including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This coastal location ensures consistent tenant demand and long-term appreciation. While available individually, 1914 Pacific may also be acquired as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue, providing investors with 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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Exterior
Parking Features Covered
View Y/N No
View None
Building
New Construction No
Others
Special Listing Condition Standard
Listed by Donald Heller Christie's International Real Estate SoCal
Bought with Darius Majlessi Sotheby's International Realty
Bought with Darius Majlessi Sotheby's International Realty