1921 Canal st, Venice, CA 90291
Active
$2,749,000
8%
9 Units
7 Beds
10 Baths
6,411 Area(sq.ft.)
Lot: 5,981 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | studio | 1 | No | $ 1,005 | $ 3,016 | $ 7,350 |
| Unit 2 | 5 | 1 | 1 | No | $ 1,668 | $ 8,343 | $ 14,750 |
| Unit 3 | 1 | 2 | 2 | No | $ 1,993 | $ 1,993 | $ 3,750 |
| 9 | 7 | 10 | $ 13,348 | $ 52,756 | $ 99,550 |
| MLS #: | 25520233 |
| Days On Market: | 247 |
| Listing Date: | April 3, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 429 |
| Price per unit: | $ 305,444 |
| Year Built: | 1972 |
Property Details
Price Improvement! Excellent opportunity to purchase a 9-unit building a few blocks from the famous Venice Canals, Ocean Front Walk, and you can purchase the building right next store, 1921 Canal Street, which is also available (also 9-units, Identical unit mix and square footage, can be purchased together or separately). Both Buildings are Fully leased. Some units have been updated. Current Rents well under market value with big upside when units become vacant (Projected at more than 90%). 8 parking spots allocated to tenants for each building. See Income and unit breakdowns. Inside with accepted offer.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 160,224 |
| Total Annual Expense: | $ 45,224 |
| Net Operating Income: | $ 115,000 |
| Gross Annual Income: | $ 160,224 |
| Cap Rate: | 3.8% |
| Gross Rent Multiplier: | 18.70 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Driveway |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Space Heater |
Exterior
Detailed Map
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Income
